Advait Infratech Limited, a prominent player in the renewable energy sector, is pleased to announce that it has entered into a Memorandum of Understanding (MOU) under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The MOU, signed on November 1, 2023, marks a significant step forward for Advait Infratech Limited, as it collaborates with the Government of Uttarakhand and KPI Green Energy Limited to develop a State-Of-The-Art Solar Power project under the Captive Power Producer (CPP) segment.
The MOU, with a duration of twelve months, represents a joint effort to establish a solar park in the picturesque state of Uttarakhand. The solar park project will make a substantial contribution to the generation of renewable energy and will play a crucial role in aligning with the state’s commitment to sustainable energy practices.
Key highlights of the MOU include a commitment from the Government of Uttarakhand to provide all necessary assistance essential for the successful commencement and execution of the solar park project. This partnership represents a significant milestone for all involved parties and a promising venture in the quest for a cleaner, greener future.
Mr. Shalin Sheth, Managing Director of Advait Infratech comments that, “Advait Infratech’s MOU with the Government of Uttarakhand and KPI Green Energy shines a light on a promising future of solar power in Uttarakhand, illuminating our commitment to a greener tomorrow. With this pivotal partnership, we embark on a journey to harness the abundant solar energy potential in Uttarakhand, contributing significantly to the state’s commitment to environmentally responsible energy practices.”