Servotech Power Systems Wins Off-Grid Solar Project from UPNEDA
Servotech Power Systems, manufacturer of LED lights and solar products, has received the off-grid solar photovoltaic (PV) power plant order from the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA).
November 23, 2021. By Manu Tayal
The scope of the project includes - supply, erection, testing, and commissioning of the off-grid solar PV power plant in different government office buildings in the state of Uttar Pradesh (UP).
Though the total value of the project is Rs 37.20 crore that is valid for a year span, initially the company has been issued a Letter of Intent (LoI) worth Rs 11.16 crore that needs execution in a short span of time.
Furthermore, the project’s execution is expected to begin during the first week of December this year and is expected to be completed by March 2022.
The company recently reported financial statistics that indicate a huge growth in its profits and has proceeded to take on new initiatives and projects in order to achieve new commercial horizons.
Commenting on the project win, Raman Bhatia, Managing Director of Servotech Power Systems Ltd, said, “we are proud to be a part of UPNEDA’s recent effort towards solar growth. UPNEDA has always focused on providing quality power to the people of the state through renewable and new energy sources. I am certain that this off-grid solar PV project will be completed on time, and our collaboration will continue to assist India in meeting its goal of becoming carbon neutral by 2070.”
Meanwhile, the company has been engaged in renewable energy and is a leading manufacturer of inverters, batteries, LED lights, solar products, oxygen concentrators, and UVC germicidal products with 17 years of experience.
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