Servotech bags off-grid solar PV plant order from UP govt
Hyderabad: Leading manufacturer of LED lights and solar products, Servotech Power Systems Ltd on Tuesday said that it has bagged off-grid solar PV plant order from Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
Raman Bhatia, managing director, Servotech Power Systems Ltd, said: "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." In this project, Servotech will supply, erect, test and commission the off-grid solar PV power plant at different government offices buildings in Uttar Pradesh. Though the total value of the project is Rs37.20 crore that is valid for a year, initially Servotech has been issued an LoI of Rs11.16 crore that needs execution in a short span of time, Servotech said in press release.
The project's execution is scheduled to begin in the first week of December 2021, and the project's completion is anticipated by March 2022. The company recently reported financial statistics that indicate a growth in their profits and has proceeded to take on new initiatives and projects in order to achieve new commercial horizons, the release further added.