Servotech Power Systems, a prominent player in India’s solar energy sector, has recently secured a significant order for a 5.6 MW on-grid rooftop solar power plant from the Uttarakhand New and Renewable Energy Development Agency (UREDA). Valued at approximately INR 30.2 crores, this project is poised to enhance Uttarakhand’s renewable energy landscape and contribute to India’s broader goal of transitioning to solar power.
Project Scope and Responsibilities
Under this contract, Servotech will oversee the designing, supplying, installation, and commissioning of the solar power plants. The project also includes net metering and comprehensive warranty maintenance for five years. The installations will cater to various strategic locations, including government offices, colleges, hospitals, and other institutions across the state, thereby supporting Uttarakhand’s renewable energy objectives and decarbonization efforts.
Commitment to Sustainability
Sarika Bhatia, Director of Servotech Power Systems, expressed enthusiasm about the collaboration with UREDA. She stated that the initiative aligns with Servotech’s mission to enhance energy access and sustainability for the residents of Uttarakhand. Bhatia emphasized the company’s strong track record in providing efficient solar solutions, positioning Servotech as a reliable partner in India’s renewable energy market. She noted, “We are confident that our reliable solar solutions will empower Uttarakhand with clean, reliable, and affordable solar energy”.
Impact on Renewable Energy Goals
This order represents a significant step towards achieving greater energy security and environmental sustainability in Uttarakhand. By integrating solar technology into various sectors, Servotech aims to play a crucial role in the state’s transition towards renewable energy sources. The project not only supports local energy needs but also contributes to India’s ambition of becoming a solar-powered nation.
In summary, Servotech Power Systems’s recent contract with UREDA marks a pivotal moment in advancing solar energy initiatives in Uttarakhand, reinforcing the company’s commitment to fostering sustainable energy solutions across India. For more IPO related news stay tuned to IPO Central.
