Hindustan Power

Hindustan Powerprojects
FormerlyMoser Baer Projects Pvt Ltd
IndustryEnergy
Founded2008; 16 years ago (2008)
Headquarters239, Okhla Industrial Estate, Phase-III,
New Delhi, Delhi
,
India[1]
Area served
India
Key people
Ratul Puri[2] (Chairman)[3]
WebsiteOfficial website & Ratul Puri's Official Blog

Hindustan Powerprojects Private Ltd. (HPPPL), formerly known as Moser Baer Projects Pvt Ltd,[4] is an electrical power developer in India, started by Ratul Puri.[5] 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,[6] and is the fastest growing integrated power company in India.[6]

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 (US$5.15 bn).[7]

Ratul Puri is the company Chairman. Awadh Bihari Giri is the CEO of the Hydro division;[2][8] Birendra Kumar Sinha, President, Coal; Lajpat Shrivastav is the CEO of Thermal;[citation needed] Rajya Wardhan Ghei is the CEO of India Solar Business;[9][10] Arun Kanchan is the CEO of New Business, and Dr. Harish Ahuja is the President for Strategy and Corporate Affairs.[11][12] [citation needed]

Hindustan Powerprojects (HPPPL) recently announced to plan its Unit IPO.[13] 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.[13]

Divisions and operations

Hindustan Cleanenergy (Solar business) [14] was incorporated in September 2008 [15] 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 [16] 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 [17][18][19] 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.[9] 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.[17][18]

Hindustan Electricpower (Hydro business) [20] 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.

Hindustan Thermalprojects (Thermal business) [21] division of HPPPL was incorporated in 2008 with the aim of foraying into infrastructure and thermal power. Operations include coal or gas based generation, transmission and distribution. The company aims to build a thermal generation portfolio of 5000-6000 MW by 2020. Current projects include three ventures in Madhya Pradesh and Chhattisgarh,[22][6] with a combined generation capacity of around 5000 MW. The company's 2520 MW thermal power project at Anuppur, Madhya Pradesh is slated for commission in 2014.[23][24] Hindustan Thermalprojects, the thermal business of Hindustan Powerprojects (HPPPL) won the National Safety Council (NSCI) award [25] towards implementing effective occupational safety and health practices in its Anuppur unit in Madhya Pradesh. This is the second time in row for this plant.

Natural Resources (Mining business) [26] began its operations in 2008 for building coal assets in India and abroad to support the company's coal-based thermal segment and become a prominent coal supplier to contribute to HPPPL's organic growth. It also provides consultancy services to the mineral industry in form of planning, operation optimization and value addition. The division's first mining project resulted in form of a joint venture with Chhattisgarh Mineral Development Corporation Limited, a Government of Chhattisgarh undertaking, as a partner for development of a commercial coal block.

References

  1. ^ Hindustan Power location
  2. ^ a b "Ratul Puri".
  3. ^ Ratul Puri, Chairman's Message
  4. ^ "In Search of Light". Business Today. 3 February 2014. Retrieved 23 March 2014.
  5. ^ "About Me | Ratul Puri".
  6. ^ a b c "Hindustan Power Projects plan Rs, 32,000 crore investment". The Hindu. 3 February 2014. Retrieved 23 March 2014.
  7. ^ "Hindustan Power plans ₹32,000-cr investment". The Hindu Business Line. 5 February 2014. Retrieved 23 March 2014.
  8. ^ "Awadh Bihari Giri". Business Week. Bloomberg. Retrieved 23 March 2014.
  9. ^ a b Kumar, V.Rishi (13 February 2014). "Hindustan Cleanenergy on major expansion, mulls capital market entry". Hindu Business Line. Retrieved 23 March 2014.
  10. ^ "India's power generation via solar PV on the verge of attaining grid parity". India Solar Market. 27 July 2014. Retrieved 23 March 2014.
  11. ^ "Dr. Harish K Ahuja". LinkedIn. Retrieved 23 March 2014.
  12. ^ "Management Team". Retrieved 23 March 2014.
  13. ^ a b "Blackstone-Backed Hindustan Powerprojects Plans Unit IPO". Bloomberg News. 13 May 2014. Retrieved 23 March 2014.
  14. ^ "Hindustan Cleanenergy". Hindustan Powerprojects. Retrieved 23 March 2014.
  15. ^ "Company Overview of Hindustan Cleanenergy Limited". Bloomberg BusinessWeek. Archived from the original on 27 July 2014. Retrieved 23 March 2014.
  16. ^ "Hindustan Cleanenergy to set up 50 Mw solar PV project". Business Standard. 27 March 2014. Retrieved 23 March 2014.
  17. ^ a b "Hindustan Cleanenergy to invest Rs.5,500 crore on expansion". The Hindu. 13 February 2014. Retrieved 23 March 2014.
  18. ^ a b "Hindustan Cleanenergy plans IPO; to invest Rs 5,500 cr by 2016". Economic Times. 13 February 2014. Archived from the original on 5 March 2016. Retrieved 23 March 2014.
  19. ^ "Coal shortage pushes Hindustan Power to green energy". Financial Express. 11 February 2014. Retrieved 23 March 2014.
  20. ^ "Hindustan Electricpower". Hindustan Powerprojects. Retrieved 23 March 2014.
  21. ^ "Hindustan Thermalprojects". Hindustan Powerprojects. Retrieved 23 March 2014.
  22. ^ "Hindustan Power Projects plan Rs, 32,000 crore investment". Cerebral Business. 4 February 2014. Archived from the original on 27 July 2014. Retrieved 23 March 2014.
  23. ^ "ANNUPPUR THERMAL PROJECT ACCORDED HYDRO TEST CERTIFICATE". Daily Pioneer. 16 May 2014. Retrieved 23 March 2014.
  24. ^ "Hindustan Power projects signs PPA with UPPCL". Economic Times. 4 March 2014. Archived from the original on 12 August 2014. Retrieved 23 March 2014.
  25. ^ "Hindustan Power bags NSCI award second time in row". The Times of India. 6 May 2014. Retrieved 6 May 2014.
  26. ^ "Natural Resources". Hindustan Powerprojects. Retrieved 23 March 2014.