Ujaas Energy Ltd, formerly known as M AND B Switchgears Ltd, on Thursday announced that it has commissioned first grid connected roof top solar PV power plant in the cities of Noida and Greater Noida of UP state.
Further, these plants are executed under the allocation from SECI-Phase-II and under JNNSM, the company said in a statement.
In a filing to the Bombay Stock Exchange, the company said, "It has successfully installed and commissioned 5 x 100 KW grid connected roof top solar PV Power Plant on the roofs of the head quarters of Navaratna PSU NFL (National Fertilizers Ltd), Ansal Plaza a leading mall, Maha ratna PSU NTPC, leading tobacco product manufacturer Baba Global in Noida/Greater Noida."
Moreover, the company will soon be commissioning couple of more grid connected roof top solar power plants with the facility of bi-directional metering in various cities of UP like Lucknow, Kanpur etc.
Commenting on the development, Ujaas Energy Ltd, MD, Vikalp Mundra said, "These plants with the grid connectivity and bi-directional metering will bring green revolution in the state of Uttar Pradesh. Since these plants are grid interactive and with the facility of bi-directional metering, the excess generation from these plants does not go waste and gets exported to the grid and can be adjusted towards future usage. Since these projects are battery less, they are maintenance free and highly cost effective."
Meanwhile, shares of the company closed at Rs 24.65 a piece, down 4.83 per cent, from previous close on BSE.
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