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Hindustan Power to shift focus from Coal to Solar Power

<p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Slowdown in the capacity addition in coal based power due to scarcity of domestic coal and increasing demand for clean power has prompted Moser Baer Projects, now called Hindustan Power Projects to shift its focus from conventional energy to solar power.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Ratul Puri, chairman of HPPPL, said: &quot;Coal based power generation has lost some momentum due to issues around coal availability and mining.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">With the solar power tariff at rational level now, this gives us the opportunity to take a more aggressive approach in renewable energy.&quot; Companies that have set up coal-fired plants are struggling as Coal India has not been able to keep up with the rapid growth in demand after the private sector took big strides in thermal generation in recent years.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Source-On Request</span></span></span></p>