ABJA Power, a part of My Home Group, has signed an MoU with PuREnergy, a company incubated at IIT-Hyderabad focusing on innovative solar energy solutions.
The MoU marks My Home Group's foray into solar power segment focusing on rooftop and utility scale projects catering towards residential, commercial and industrial segments, a My Home Group statement said.
"This alliance will execute joint projects in the areas of smart and innovative solar systems; IoT based energy management, health monitoring/diagnosis of solar plants, skill development and R&D activities," it said.
ABJA Power would focus on project management part and PuREnergy supported by IIT Hyderabad on design and development.
This arrangement would focus on power projects on the EPC (Engineering, Procurement & construction) model, it said.
Nishanth Dongari, founder of PuREnergy and assistant professor at IIT-Hyderabad, said the initiative was taken to build smarter and greener buildings on massive scale.
"Our present focus is on residential and commercial projects to complement the smart city programmes. We have plans to enter into large scale utility projects in the upcoming solar parks across the nation," he said.
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