Working with govt to support mini-grid sector: Rockefeller

Image
Press Trust of India New Delhi
Last Updated : Dec 25 2016 | 4:48 PM IST
The Rockefeller Foundation, which has launched an initiative to use renewable power-based mini grids to light up villages, today said it is working with the government to develop central and state policies that support growth of the mini-grid sector in India.
Through its initiative, the US-based foundation currently has 94 fully operational plants that are serving about 30,000 people.
"Beyond our goal of electrifying 1,000 villages, we are working with government to develop central and state policies that support the growth of the mini-grid sector, providing financing and engaging other investors to encourage their participation," the Rockefeller Foundation (Asia) MD Ashvin Dayal said.
He said these mini-grids can be built in 2-3 months, which can rely on renewable power and provide enough consistent energy to light up multiple homes and businesses within a village.
Currently, over 3,500 small businesses, 150 telecom towers and over 31,000 people are powered by mini grids under the Foundation's Smart Power for Rural Development initiative.
He also said there has been a rapid change in the policy and regulatory environment in India to support the deployment of renewable energy based mini grids.
The drafting of a dedicated National Mini-grid Policy, state-level policy by UP along with keenness by Bihar, Madhya Pradesh and Odisha to introduce measures for such deployment reflects India's intent to bridge the current policy gaps and create an enabling environment for entrepreneurs and investors, Dayal said.
The Foundation has initially focused on states with the least access to electricity that includes Uttar Pradesh, Bihar, Jharkhand and Odisha.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 25 2016 | 4:48 PM IST

Next Story