Ujaas Energy Ltd. to add 200 MW of Solar Power in 2014 – 15
Successfully commissions a cumulative of 105 MWs Solar Power capacity
Ujaas Energy Limited (formerly known as M and B Switchgears Limited) recently announced on the Bombay Stock Exchange (BSE) commissioning of 105 MW installed Solar power capacity . Ujaas Energy Limited under the National Solar Mission and the National Tariff Policy which envisaged around 20 GW solar power by 2022 under the aegis of the Ministry of Power requires installation of 34000 MW of solar power by 2022 to cater the Solar Renewable Purchase Obligation of the nation, was the first to install 2 MWs of solar PV power plant in the country under REC mechanism.
As the pioneer of the initiative in the country, Ujaas Energy Limited with its very first installation of 2 MWs of solar PV power plant in the country under the REC mechanism, Ujaas Energy became the first developer and integrator and made the concept of solar REC a reality. The company’s ambitious plan is to add another 200 MW in India alone in FY 2014-15 and it also has major plans to execute projects abroad in the near future.
With an objective called ‘Own your sun’ the company didn’t stop here and started providing turnkey services in their solar parks to the energy enthusiasts who wanted to venture in this upcoming field. From the installation of 2 MW in March 2012 the company has today commissioned 105.18 MWs of solar PV power plants in their solar parks state of Madhya Pradesh for themselves and their clients. The company being bullish on REC mechanism own 14 MWs of solar PV power plants under this mechanism.
There are very limited numbers of integrators which have achieved an installation figure of 100 plus MWs in solar PV in their entire tenure. Ujaas being a young and dynamic company headed by the young visionary Mr. Vikalp Mundra, Joint Managing Director, Ujaas Energy Ltd. has achieved this figure in a short span of less than TWO years and has successfully entered in the club of large EPC players in the country.
As Mr. Vikalp Mundra, Joint Managing Director, Ujaas Energy Ltd. says, “don’t show your bruises to the world share your glory…” He added, ” the dream of achieving energy self reliance in India will be made possible by the growth of Solar and other renewable power generation and we are pleased to be a part of this dream.”
Ujaas with the installation of their first solar PV power plant in Rajgarh in Madhya Pradesh in March 2012 is also the first company to install a MW size grid connected solar PV power plant in the state of Madhya Pradesh. With an aim of 2000 MWs by 2015, the state of Madhya Pradesh has high ambitions to promote solar pv technology and Ujaas energy has emerged as a major contributor to the cause.
About Ujaas Energy Ltd:
Ujaas Energy Limited listed on BSE and NSE was established in Indore in 1979. It is the first company to install a solar power plant under Renewable Energy Certificate (REC) mechanism in March 2012. The Company has started setting up an innovative offering called as ‘UJAAS Park ‘, that provides complete plug & play solution to the investor for putting up a solar power plant at an affordable cost in time. The services include land identification, registration, EPC, O&M, power sale, identifying third party buyer, REC trading etc.
The company is engaged in manufacturing of distribution transformers, power transformers, furnace transformers and special purpose transformers for more than 3 decades. Ujaas Energy is committed towards its Corporate Social activities and under this the company has installed and powered many villages with solar based street lighting.
