"Doing Solar Without Battery Makes Limited Sense", Says Ratul Puri, Chairman, Hindustan Power
Ratul Puri, Chairman of Hindustan Power, believes India's clean energy transition now hinges less on generation capacity and more on building the supporting ecosystem.
Ratul Puri on Renewable Energy, Battery Storage and India's Evolving Power Sector
Ratul Puri shares insights on renewable energy, battery storage and the technologies shaping India's energy transition and future power needs.
Ratul Puri Charts a Decisive Pivot in India’s Energy Transition
Ratul Puri has spent the years following his 2016 appearance at Davos building a practical, execution-heavy path in the Indian power sector. This transition focuses on the technical work required to stabilize the national grid through a “Solar India 2.0” vision.
Ratul Puri highlights: How AI can optimise energy consumption and accelerate net-zero transition
In almost every industry worldwide, artificial intelligence has become ubiquitous, including the energy sector. However, AI itself needs massive amounts of energy to operate its programmes. The training and deployment of AI models requires large, power-guzzling data centres. Without electricity, AI systems cannot function. Yet, AI could potentially transform the energy industry by facilitating a reliable, affordable and sustainable supply of electricity. Ratul Puri, chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation, added that “AI will play an important role in making energy systems more efficient and stable in the coming years.”
Ratul Puri on India’s Renewable Transition: The Shift from Scale to Execution
India has been adding a lot of clean energy capacity over the past few years. Solar farms and wind projects have been coming up across the country at a good pace. But Ratul Puri, chairman of Hindustan Power, says the sector is now moving into a new phase. Less about announcing big numbers and more about making sure projects actually get built and deliver power consistently.
Ratul Puri on Powering India’s Next Energy Transition Phase
Ratul Puri believes India has made remarkable progress in expanding its renewable energy capacity. But the easy part is behind us. The real challenge is now underway, which is integrating a larger share of variable renewable power into a grid that was built for stable, dispatchable supplies. The next phase of transition will be defined not by how much solar and wind capacity gets added, but by how effectively the grid absorbs, balances and dispatches that power.
Ratul Puri: The Future Of Economic Growth Runs On Electricity
Electricity is emerging as a key driver of economic growth, shaping manufacturing, AI infrastructure and industrial investment. Ratul Puri argues India must build affordable, reliable power capacity ahead of demand, modernise grids, expand storage-backed renewables and strengthen infrastructure to gain a long-term competitive edge in the global economy.
Ratul Puri Led Hindustan Power Signs Power Supply Agreement With MP Power Management Company Limited For Supply Of 800 MW Power
Ratul Puri led-Hindustan Power, one of India’s leading integrated power producers, has signed a Power Supply Agreement (PSA) with MP Power Management Company Limited for the supply of 800 MW. The agreement is facilitated through its subsidiary, Anuppur Power projects Private Limited.
Ratul Puri Highlights Plan to Deploy 300 MWp Solar and 300 MWh Storage as Hindustan Power Wins SECI Project with 150 MW Contracting Capacity
Hindustan Power, one of India’s leading integrated energy companies, has won a bid from the Solar Energy Corporation of India (SECI) to develop a solar and battery energy storage project with a contracted capacity of 150 MW of solar power. The project will require the installation of approximately 300 MWp of solar capacity and 300 MWh of Battery Energy Storage Systems (BESS). Shaping India’s next phase of clean-energy growth, Chairman Ratul Puri emphasized company’s focus on building flexible, storage-led renewable assets that will define the country’s future power infrastructure.
Ratul Puri led Hindustan Power bags PGE exploration LoI
Ratul Puri-led Hindustan Power enters the critical minerals space with a key exploration win in Madhya Pradesh, raising an important question: can India reduce its dependence on imports for vital minerals? A group firm has secured a Letter of Intent (LoI) to explore the Padhar Platinum Group Elements (PGE) block, marking a strategic step into this high-value sector.
Ratul Puri Led Hindustan Power Group Firm secures LoI for Platinum-Led Critical Minerals Exploration in Madhya Pradesh
Hindustan Power, one of India’s leading integrated energy companies led by Ratul Puri, has signed a Power Supply Agreement (PSA) with Assam Power Distribution Company Limited (APDCL) through its subsidiary, MB Power (Madhya Pradesh) Ltd., for the supply of 130 MW of power from its Annupur plant. The agreement was executed under the Design, Build, Finance, Own and Operate (DBFOO) model. The Power Supply Agreement follows the Letter of Award issued by APDCL earlier this year and marks a key step in meeting the state’s increasing energy requirements. Hindustan Power has commenced the supply of power to Assam from October 2025, ensuring a stable and sustained power flow to support industrial and domestic demand.
Ratul Puri Led Hindustan Power Group Firm secures LoI for Platinum-Led Critical Minerals Exploration in Madhya Pradesh
Hindustan Power, one of India’s leading integrated energy companies led by Ratul Puri, has signed a Power Supply Agreement (PSA) with Assam Power Distribution Company Limited (APDCL) through its subsidiary, MB Power (Madhya Pradesh) Ltd., for the supply of 130 MW of power from its Annupur plant. The agreement was executed under the Design, Build, Finance, Own and Operate (DBFOO) model. The Power Supply Agreement follows the Letter of Award issued by APDCL earlier this year and marks a key step in meeting the state’s increasing energy requirements. Hindustan Power has commenced the supply of power to Assam from October 2025, ensuring a stable and sustained power flow to support industrial and domestic demand.
Ratul Puri’s Hindustan Power Delivers Consistent Power to Support Assam’s Energy Needs
Reliable electricity often operates quietly in the background, yet it plays a defining role in shaping everyday life and driving economic progress. In Assam, where energy demand continues to rise across industries and households, access to consistent and dependable power is becoming increasingly critical to sustaining development and improving quality of life. In this context, Hindustan Power has entered into a Power Supply Agreement (PSA) with Assam Power Distribution Company Limited (APDCL) for the supply of 130 MW of electricity. Executed through its subsidiary, MB Power (Madhya Pradesh) Ltd., the power is being supplied from the company’s transitional energy generation plant in Anuppur, Madhya Pradesh. Upon commencement, the power supply is ensuring a steady and reliable flow of electricity to the state.
Ratul Puri Highlights Critical Minerals as a Pillar of India’s Clean Energy Future
India’s clean energy ambitions are closely linked to the availability of critical minerals that support technologies such as energy storage, electric mobility and green hydrogen. As highlighted in a recent report by NITI Aayog, the country remains heavily dependent on imports for many of these essential resources. This dependence highlights the need to build stronger domestic capabilities to support India’s long-term net-zero targets for 2050 and 2070.
In response, strengthening the domestic mineral ecosystem has become an important priority for ensuring energy security and supporting the scale-up of clean technologies. Expanding local exploration and production will play a key role in reducing external reliance and enabling a more resilient energy transition pathway.
In this context, Ratul Puri’s Hindustan Power has secured a Letter of Intent (LOI) for platinum-led critical mineral exploration, starting with a project in Madhya Pradesh. The initiative reflects a focused effort to contribute to India’s evolving resource strategy while supporting the development of materials essential for future clean energy systems.
Ratul Puri-led Hindustan Power secures 150 MWp solar project in Punjab
Hindustan Power, an integrated energy company in India, has secured a 100 MW AC solar power project from Punjab State Power Corp. Ltd. The project, to be developed in Punjab, will require installation of around 140–150 MWp of solar capacity.
Hindustan Power secured the project through a tariff-based competitive bidding process, followed by a successful e-reverse auction.
Under the terms of the project, Hindustan Power led by Ratul Puri will enter into a 25-year power purchase agreement (PPA) with Punjab State Power Corp. Ltd, providing long-term visibility on revenues while supporting the supply of clean energy to the state. The project is expected to be commissioned within 24 months from the effective date of the PPA.
The addition of this project further expands Hindustan Power’s renewable energy portfolio and strengthens its presence in Punjab, in line with the company’s focus on scaling sustainable power generation capacity across India.
“This project reflects our continued focus on participating in competitive bids where we see a clear alignment between pricing discipline and execution capability. It allows us to add high-quality assets to our portfolio while maintaining our approach to long-term value creation,” said Ratul Puri, chairman, Hindustan Power.
“Punjab remains an important market for us, with steady demand for reliable and clean power. Through this project, we aim to contribute meaningfully to the state’s energy mix while further strengthening our operational footprint in the region,” added Ratul Puri.
Chairman Ratul Puri said the company’s priority is to deliver the project on schedule and ensure consistent performance over its lifecycle.
Ratul Puri led Hindustan Power Receives MoEF Clearance for Proposed 2×800 MW
Transitional Power project in Madhya Pradesh
Hindustan Power, one of India’s leading integrated power producers, has received environmental clearance from the Ministry of Environment, Forest and Climate Change (MoEF) for its proposed 2×800 MW transitional power project at Anuppur in Madhya Pradesh. The approval marks a significant milestone for the execution of the second phase for the company’s Anuppur power plant. Post this nod, the transitional energy power project will now proceed to the next stage, which includes detailed engineering and execution planning, subject to applicable approvals.
Hindustan Power had commissioned the first phase of the project – aggregating to 1,200 MW – between 2015 and 2016. The project has since played an important role in boosting the region’s power infrastructure with long-term capacity creation.
Ratul Puri, Chairman at Hindustan Power, while speaking about this development mentioned: “We are pleased to receive the necessary approval for the proposed 2x800MW project from MoEF. The Anuppur project represents a significant portion of our portfolio and we now aim for the timely and successful completion of Phase II that will significantly increase our overall capacity.”
Ratul Puri on India’s Renewable Shift: From Rapid Expansion to Execution-Led Growth
India’s renewable energy sector is transitioning into a more execution-driven phase, moving beyond headline capacity addition numbers with sharper focus on system-level optimisation, reliability and integrated power delivery, according to Hindustan Power Chairman Ratul Puri. This shift reflects a broader evolution in the sector, where the emphasis is no longer solely on adding capacity, but on ensuring that projects are delivered efficiently and perform consistently over the long term.
Ratul Puri: Electricity Will Increasingly Become the Backbone of Economic Growth
Ratul Puri, Chairman, Hindustan Power, said that affordable and uninterrupted electricity availability will emerge as one of India’s biggest competitive advantages as the country enters a new phase of energy-intensive and digitally connected growth.
“India’s battery energy storage market is transitioning from aggressive tendering to execution-led scale” — Ratul Puri, Chairman, Hindustan Power
Ratul Puri, Chairman of Hindustan Power, speaks to pv magazine about the key challenges in scaling renewable energy deployment, the growing role of battery storage and carbon markets, and Hindustan Power’s strategy in supporting India’s clean energy transition.
Ratul Puri on Why Execution Is Now the Real Test of India's Renewable Energy Ambition
India's clean energy story is moving fast. Most of the public conversation stays focused on emissions targets, installed capacity and climate commitments. But Ratul Puri is drawing attention to a dimension that deserves equal billing: the enormous scale of what this transition is already beginning to generate, and the serious work needed to be ready for it.
