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]
^Hindustan Power location
^ ab"Ratul Puri".
^Ratul Puri, Chairman's Message
^"In Search of Light". Business Today. 3 February 2014. Retrieved 23 March 2014.
^"About Me | Ratul Puri".
^ ab"Hindustan Power Projects plan Rs, 32,000 crore investment". The Hindu. 3 February 2014. Retrieved 23 March 2014.
^"Hindustan Power plans ₹32,000-cr investment". The Hindu Business Line. 5 February 2014. Retrieved 23 March 2014.
^"Awadh Bihari Giri". Business Week. Bloomberg. Retrieved 23 March 2014.
^Kumar, V.Rishi (13 February 2014). "Hindustan Cleanenergy on major expansion, mulls capital market entry". Hindu Business Line. Retrieved 23 March 2014.
^"India's power generation via solar PV on the verge of attaining grid parity". India Solar Market. 27 July 2014. Retrieved 23 March 2014.
^"Dr. Harish K Ahuja". LinkedIn. Retrieved 23 March 2014.
^"Management Team". Retrieved 23 March 2014.
^ ab"Blackstone-Backed Hindustan Powerprojects Plans Unit IPO". Bloomberg News. 13 May 2014. Retrieved 23 March 2014.
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