New Delhi, April 23 -- Hindustan Power has secured a 100 MW AC solar power project from Punjab State Power Corporation Limited, which will be developed in Punjab, the company said in a statement on Thursday.

The project, which translates to approximately 140-150 MWp of solar capacity, was awarded through a tariff-based competitive bidding process, followed by a successful e-reverse auction conducted on the ETS portal.

Under the agreement, Hindustan Power will enter into a 25-year Power Purchase Agreement (PPA) with PSPCL, providing long-term revenue visibility while contributing to clean energy supply in the state. The project is expected to be commissioned within 24 months from the effective date of the PPA.

The company said the addit...