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Ratul Puri on Hindustan Power’s 435 MWp Lalitpur Solar Project Reaching Financial Closure

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Uttar Pradesh is steadily increasing its solar power capacity as the state looks to make better use of its considerable renewable energy potential. The opportunity is significant. According to Invest UP, the state has a solar potential of 23 GW, with 2,632 MW of solar capacity already installed. Its broader solar plans include utility-scale projects, rooftop systems and distributed generation. The growth is visible across different segments of the market. In the second quarter of 2026, Uttar Pradesh ranked among the three leading states in India for rooftop solar additions, accounting for 18% of installations during the quarter. According to Mercom India, the state also recorded 23% year-on-year growth in rooftop solar capacity between Q2 2025 and Q2 2026. Against this backdrop, Hindustan Power's 435 MWp/300 MW solar project in Lalitpur has reached an important financing milestone. Awarded to the company through competitive bidding in 2025, the project has now achieved financial c...

Ratul Puri Highlights India’s Critical Mineral Potential

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India’s energy transition is usually discussed in terms of renewable power, electric vehicles, battery storage and green hydrogen. However, there is another important part of this shift that deserves attention: the raw materials required to develop these technologies. As countries compete for access to critical minerals, strengthening domestic resources is becoming an important part of India’s long-term energy and economic plans. The Padhar Platinum Group Elements (PGE) block in Madhya Pradesh is relevant in this context. A group company of Hindustan Power has been awarded a Letter of Intent for the block, which covers around 200 square kilometres. The area is prospective for platinum group elements and also contains zinc deposits, making it an important area for further exploration. The importance of the project extends beyond the minerals themselves. Platinum group elements are used in several technologies associated with the energy transition, including hydrogen production, fuel ce...

Ratul Puri on Hindustan Power’s Anuppur Phase II Project

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India’s power sector is undergoing a period of change. Renewable energy is expanding rapidly, electricity demand continues to rise across different sectors, and the country is adapting to a more diverse mix of power generation sources. Amid these changes, dependable generation capacity remains important for maintaining a reliable electricity supply. This is the wider context in which Hindustan Power’s proposed 2×800 MW transitional power project at Anuppur, Madhya Pradesh, assumes significance. The proposed Phase II development has received the required environmental clearance, marking an important step in the project’s progress. For a project of this scale, environmental clearance provides a framework for addressing key considerations, including emissions, water use, land requirements and waste management. These factors form part of the development process alongside the infrastructure and operational requirements of the proposed power plant. The Anuppur project builds on Hindustan P...

Ratul Puri on India's Renewable Energy and Grid Growth

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India added more than 54 GW of renewable energy capacity, marking significant progress in its clean energy transition. However, a considerable amount of renewable electricity was curtailed due to grid security concerns and transmission constraints. According to Ember, 300 GWh of renewable energy was curtailed because of transmission constraints in the first quarter of 2026. This meant that the benefits of expanding renewable capacity were partly offset by the limitations of the existing power system. There were several contributing factors, including moderate electricity demand and limited storage capacity. Nevertheless, the situation highlighted an important point: renewable energy cannot be scaled effectively without modernising the grid and improving system flexibility. As India moves towards a solar-powered future, flexible storage solutions will become increasingly important. This is also relevant to the broader energy transition discussed by Ratul Puri , Chairman of Hindustan Po...

Ratul Puri on How AI Can Transform the Energy Sector

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Artificial intelligence has become an important part of almost every industry, and the energy sector is no exception. At the same time, AI depends heavily on electricity to operate. Training and running AI models requires large data centres that use substantial amounts of power. This creates a close connection between AI and energy . While the growing use of AI is increasing electricity demand, the technology also has the potential to change how energy is produced, distributed and consumed, helping create a more reliable, affordable and sustainable power system. Ratul Puri, Chairman of Hindustan Power , notes that AI can play an important role in making energy systems more efficient and stable in the years ahead. Understanding the relationship between AI and electricity will therefore be important to making effective use of the technology while supporting India's journey towards its net-zero target of 2070 or earlier. The rapid growth of AI, cloud computing and digital services has...

Ratul Puri on AI, Energy Efficiency and Net-Zero Goals

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AI increases electricity demand through data centres but can improve grid efficiency, cut emissions, boost innovation, and support net-zero goals. 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.” Paradoxical Relationship Between Electricity and Data Centres One must understand this link to leverage the benefits of AI a...

Ratul Puri on Integrated Energy Systems and India’s Growing Power Demand

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As electricity demand continues to increase, Ratul Puri believes that integrated energy systems will become increasingly important in delivering reliable, affordable, and sustainable power across India. India’s power sector is undergoing a significant structural transformation. Increasing industrial activity, expanding digital infrastructure, rapid electrification, and rising energy consumption are reshaping the country’s electricity demand. Peak power demand has reached unprecedented levels and is expected to rise further as manufacturing, artificial intelligence, data centres, and electric mobility become increasingly important contributors to economic growth. The scale of this transformation is already visible in India’s electricity demand. According to the Ministry of Power, the country recorded an all-time peak electricity demand of 256.1 GW on 25 April 2026. This highlights the rapidly expanding scale of India’s power requirements and the need for infrastructure that can support...