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The energy crisis in India can be experienced first-hand when frequent power cuts ruin your day. Thankfully, a young player in the power sector: Hindustan Powerprojects Private Limited (HPPL) is working hard to solve this problem. To put a cherry on the cake, HPPL is focusing on a cleaner and greener alternative to the exhaustible energy resources. Solar power is the future of India’s energy need.
The driving force behind this environment-friendly movement is no other than the HPPL chairman- Ratul Puri. An alumnus of Carnegie Mellon University, Ratul Puri is a valued member of many think factories that are devising renewable strategies to meet the energy demand. He has won a number of accolades including Ernst and Young’s Entrepreneur of the Year and CMO Asia’s CEO of the Year. The World Economic Forum features him as an agenda contributor where he represents India’s growing entrepreneurialism.
Ratul Puri – Man Behind Hindustan Power Projects
According to Mr. Puri, long-term power projects need multi-faceted diligence before their commencement. To reflect this point, an investment of Rs 17,000 Crore will be made in Madhya Pradesh to overcome its power shortage by 2020. Recently, HPPL’s renewable energy department, Hindustan Clean Energy limited (HCEL) raised $130 million from US financers- Farallon Capital Management and Bank of America Merril Lynch. Under the leadership of Ratul Puri, this amount will fund new projects and pay existing loans used on previous undertakings.
His in-depth knowledge in this domain has helped in the creation of India’s energy roadmap. By 2020, a staggering 5000 MW of power through hydro, thermal and solar plants shall be commissioned. HPPL has successfully armed the first phase of this plan through Anuppur’s thermal project. The setup for second Phase of 1,320 MW is almost ready and can be taken to construction within three months. The project has direct connectivity to the National Grid and is commissioned close to coal source. The company has already entered a Power Purchase Agreement (PPA) with Madhya Pradesh and Uttar Pradesh for supply of power. “The company may look for options like equity infusion if need arises,” Ratul Puri said. As explained by Mr. Puri, capacity utilization of renewable is about 20 per cent, so adding 175 GW will take renewable’ share to 35 GW in overall energy mix of 350-400 GW. 5000 MW of Solar power is also in the works. HPPL has established two hydro project plants in Himachal Pradesh that offer 520 MW of inexhaustible energy.
Hindustan Power is likely to come out with an Initial Public Offer (IPO) next year. “Sometime in 2017 depending upon our capital need, we may look at an initial public offer,” Hindustan Power Chairman Ratul Puri told reporters here. Ratul Puri’s focus on solar energy will be impactful in the Indian power sector. India is currently ranked third in a list of countries with the best renewable energy management. Exponential growth in this field will pull a lot of competition. Ratul Puri is successfully pushing India towards an energy revolution which will benefit India in the long run. India’s terribly polluted air and water sources need repair. HCEL will facilitate a cleaner environment and promote eco-friendly practices among the corporations.
Ratul Puri’s concern for social responsibilities is commendable. He states:
“In all infrastructure projects, there is a significant connect with the people hence it is very important to understand the needs of the society, especially areas in and around the projects”
His risk-minimized approach proves he is an all-rounder when it comes to business.
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Ratul Puri has made some rapid strides and has also managed to come out as the man behind the largest solar power generation in India.
Ratul Puri is a true inspiration to the youth of this nation .
what a man, he has achieved everything at a very young age!
ratul puri is a true inspiration to the youth.
An excellent innovator who believes in the game-changing businesses of the future, Ratul Puri has repeatedly challenged the conformist wisdom by grabbing new opportunities quickly.
Ratul Puri is amongst the leading business tycoons in India. It was under his stewardship that HPPPL could write many glorious chapters in India’s history of achieving energy adequacy.
Ratul Puri has repeatedly proved that he will do what he believes in, and he has the ability to focus on solutions that have worked wonders for HPPPL.
Ratul Puri has become an inspirational figure for young dynamic Indians. He has a strong willpower surfaces whenever it is required.
I look up to Ratul Puri as a role model. He endeavors to make a positive impact on the environment and society altogether. With his passion for leading energy mix in India, he has a strong perspective on the trends with respect to adoption of clean energy in the country.
Ratul Puri has left no stone unturned to keep the reputation of HPPPL (founded by his father) intact. He has made some rapid strides and has also managed to come out as the man behind the largest solar power generation in India.
Ratul Puri’s vision and understanding of the Indian Energy sector has enabled the organization to emerge as one of the leading integrated power players in the country. Under his guidance the company has partnered with best in class investors to be part of its growth story.
As we all know, Ratul Puri is the man behind the largest solar power generation our country. He is the inspiration of the young generation in India.
People like Ratul Puri do growth in India, Increase number of People Like Ratul Puri in india. wHO eSTABLISH nEW fACTORIES AND iNDUSTRIES.I become fan of Ratul Puri Since I heared Vision Goals in Empowering Power Sectors of Ratul Puri . Hope of Jobs, India Growth ,Initiate of Research work in India, initiate of Industries Set Up of pOWER sECTORS IN iNDIA.
I become fan of Ratul Puri Since I heared Vision Goals in Empowering Power Sectors of Ratul Puri . Hope of Jobs, India Growth ,Initiate of Research work in India, initiate of Industries Set Up of pOWER sECTORS IN iNDIA. Such People like Ratul Puri do growth in India, Increase number of People Like Ratul Puri in india. wHO eSTABLISH nEW fACTORIES AND iNDUSTRIES.
God Bless Ratul Puri as Ratul Puri is a hope of young indians youth.Ratul Puri may bring good growth and height of spark make in india , empower power sectors
Ratul Puri will bring employements for many young Indians . Due to Ratul Puri may be scarcity of Powers ,Unemployements and Financial Issues get Finished
Ratul Puri is a hope of young indians youth.Ratul Puri may bring good growth and height of spark make in india , empower power sectors
Ratul Puri will bring employements for many young Indians.God Bless Ratul Puri . Due to Ratul Puri may be scarcity of Powers ,Unemployements and Financial Issues get Finished