Advait Infratech Limited Forges Strategic MOU with Government of Uttarakhand and KPI Green Energy Limited to Develop Solar Power Park Project

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Advait Infratech Limited Forges Strategic MOU with Government of Uttarakhand and KPI Green Energy Limited to Develop Solar Power Park Project
Advait Infratech Limited Forges Strategic MOU with Government of Uttarakhand and KPI Green Energy Limited to Develop Solar Power Park Project

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.”