Hindustan Powerprojects
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Formerly called
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Moser Baer Projects Pvt Ltd |
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| Industry | Energy |
| Founded | 2008 |
| Headquarters | 239, Okhla Industrial Estate, Phase-III, New Delhi, Delhi, India |
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Area served
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India |
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Key people
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Ratul Puri (Chairman) |
| Website | www |
Hindustan Powerprojects Private Ltd. (HPPPL), formerly known as Moser Baer Projects Pvt Ltd, is an electrical power developer in India. It operates in power generation, power trading, EPC, and development and renewables across thermal, solar, hydro and mining vertical markets. The company holds assets of around ₹ 14,500 crore to date, and is the fastest growing integrated power company in India.
The company is headquartered in New Delhi, India. HPPPL plans to commission new power projects by the year 2020 in thermal, hydro and solar sectors.The company is at an advanced stage of commissioning over 5000 MW by 2017 of combined power assets at an estimated investment of INR 32,000 crores (USD 5.15 bn).
Ratul Puri is the company Chairman. Awadh Bihari Giri is the CEO of the Hydro division; Birendra Kumar Sinha, President, Coal; Lajpat Shrivastav is the CEO of Thermal; Rajya Wardhan Ghei is the CEO of India Solar Business; Arun Kanchan is the CEO of New Business, and Dr. Harish Ahuja is the President for Strategy and Corporate Affairs.
Hindustan Powerprojects (HPPPL) recently announced to plan its Unit IPO. The company backed by Blackstone Group LP (BX), plans to sell shares in its solar unit as it prepares to double investment in photovoltaic projects to $50 billion by 2016. The unit has a pipeline of projects that will require $45 billion of investment within the next two years.
Hindustan Cleanenergy (Solar business) was incorporated in September 2008 to undertake development of solar projects in India and abroad to deliver clean energy. It is India’s largest solar power development company, with solar projects under development across multiple states in India and strategic international markets like Germany, Italy, Japan, United States and United Kingdom. The solar arm of HPPPL was responsible for India’s first 5 MW solar farm along with Asia’s first 30 MW farm. Hindustan Cleanenergy is the largest solar farm developer in India with an installed capacity of ~ 350 MW generating carbon savings of approximately 500000 tonnes per year. The international solar business has an installed solar capacity of over 120 MW across locations like Germany, Italy, UK and US. The company is working towards launching the country’s first 1 GW solar plant by the end of 2016 by launching IPO in end 2014 or early 2015.
Hindustan Electricpower (Hydro business) undertakes development of hydropower projects towards building a low carbon economy and meeting the need for environmental management. Currently, the company is exploring options of setting up hydropower projects in North, North-east India and Nepal. On-going projects include undertakings on Chenab River and its tributaries Lahaul and Spiti in Himachal Pradesh with a combined generation capacity of about 560 MW, along with two projects in Sikkim aggregating to 65 MW.
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