Sunday, September 24, 2023

Servotech Power Systems Ltd. to install solar-powered EV charging port at Ministry of New & Renewable Energy premises

NSE-listed Servotech Power Systems Limited has signed agreement with India’s apex solar organisation, National Solar Energy Federation of India (NSEFI), to undertake the complete implementation of Solar-powered EV Charger-enabled carport as part of a pilot demonstration.

The board has approved sub-division of Equity Share  having  face value of Rs. 10 each (fully paid-up) into one  Share of face value of Rs. 2 each (fully Paid-up).

By way of this pilot project, NSEFI has afforded Servotech a whitespace to showcase its Solar and EV charging capabilities blended together in one innovation. The carport is proposed to be installed at the Ministry of New and Renewable Energy’s (MNRE) premises in Delhi, which, in effect, will help gauge to replicate the setup at other strategic locations.

The project’s scope of work will involve Servotech carrying out the design, fabrication, and installation of PV plus storage carports with EV charging capabilities. This innovative structure will be put together with a 5kW solar system, equipped with two DC fast EV chargers of 11kW each. 

 They can be personalised, enabling anything from rainwater collection to business branding. Further, solar carports can appreciate the value of the property and offer site owners secondary revenue opportunities.

On the back of being awarded this noteworthy opportunity by a prestigious organisation like the NSEFI, Sarika Bhatia, Whole-Time Director, Servotech Power Systems commented, “We are positive that this pilot will prove to be catalytic to other upcoming green energy solutions in the state.  Both Servotech and the NSEFI are working to fulfil Prime Minister Narendra Modi’s vision of bringing about carbon neutrality in the country. Solar-powered and EV charger-enabled carport is one key step in this direction. With coordinated efforts from all stakeholders, we intend to implement renewable, energy efficiency, and electric mobility projects that will go a long way in unlocking the best that clean power generation has to offer.”

Servotech Power, announced the appointment of Dr. Rajesh Mohan Rai as Chief Human Resource Officer, a strategic move to help the company enhance talent and organisational capabilities. A recipient of Business Coaching Leadership Award, Fabulous HR Leaders of The World 2021,  among other accolades, Dr. Rajesh Mohan Rai earlier an independent director with the organisation, is now re-designated as a whole-time director. With over 32 years of experience, Dr. Rajesh Mohan Rai is a renowned HR strategist and business coach, previously holding key positions in different organisations as  HR Regional Head (South) at Aviva Life Insurance Co. Ltd., and Head of Recruitment & HR (RGE & Services) at Microsoft
Corporation, among others.

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