M & B Switchgears changes company name to Ujaas Energy Limited
The company is well known for being the first to generate & sell Solar REC made at its 2 MW solar power plant, commissioned in March 2012 at Rajgarh (Madhya Pradesh)
M & B Switchgears Limited announced that effective 19 August 2013, the company's changes its name to Ujaas Energy Limited. The need for this change is to define the nature of its business more accurately and categorically.
“Ujaas” means “Light at the Dawn” in the local language.
The company is the first to generate & sell Solar REC in the country from its solar powerplant of 2 MW commissioned in March 2012 at Rajgarh (Madhya Pradesh).
Vikalp Mundra, joint managing director, Ujaas Energy expressed confidence that the company would continue on the growth trajectory. Solar power will become one of the biggest contributors to India’s huge appetite for power. With the encouragement and support provided by the SERCs (State Electricity Regulatory Commissions), solar PV (photo voltaic) capacity is expected to triple in the country in FY 2013-14, he added.
With a vision of offering a simple, universally acceptable, easily maintainable system of green energy to humanity at large, the company introduced a unique concept of solar parks and branded it as UjaasTM. Ujaas Park is a plug and play model of service in solar projects at an affordable cost. It is a single window service to own a solar power plant, right from selection of land to selection of technology; putting up a solar power plant; getting all the permissions; selling power to third party buyers etc. It gives a complete solution to an investor to own and operate a solar power plant.
Source : http://www.moneylife.in/
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