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Hindustan Powerprojects to Build Three India Solar Plants

Feb. 7 (Bloomberg) -- Hindustan Powerprojects Pvt., formerly known as Moser Baer Projects Pvt., has signed power-sale contracts for three solar plants in northern India.

The company will build two photovoltaic projects of 15 megawatts each in Punjab state and a 20-megawatt plant in Uttar Pradesh, it said in an e-mailed statement today.

Hindustan Powerprojects didn’t provide details describing the terms under which it would sell the electricity to the local state governments.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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