Pwer major Tata Power has decided to float a dedicated micro-grid arm to tap the renewable opportunity in the rural India in partnership with the Rockefeller Foundation.
The Rockefeller Foundation recently initiated the Global Commission to End Energy Poverty (GCEEP) programme to fast-track sustainable power solutions, investments, and partnerships globally over the next decade. This is first major partnership which the foundation has forged for its ambitious programme.
TP Renewable Microgrids, to be operated and managed by Tata Power, would target to provide clean power to 5 million households impacting the lives of 25 million people over the next decade by deploying innovative microgrids in collaboration with Smart Power India (SPI) in addition to a sizeable volume of rural businesses.
“Once at scale, TP Renewable Microgrid anticipates supporting 100,000 rural enterprises, creating 10,000 new green jobs, and providing irrigation for over 400,000 local farmers,” said Tata Power CEO Praveer Sinha. “We look forward to empowering communities across India by creating micro enterprise and creating opportunities for all people.”
The venture would be particularly focusing on rural pockets in Hindi heartland like Bihar and Uttar Pradesh where 40% of rural enterprises are estimated to be relying on non-grid sources of power such as diesel owing to lack of regular grid linkage. “We have an unprecedented opportunity to transform the lives of millions of people in India by providing access to power,” Dr. Rajiv J. Shah, President of The Rockefeller Foundation commented on the occasion.
TP Renewable Microgrid has been initiated with the target of setting up 10,000 microgrids across the country by 2026 which will result in reduction of a staggering 57 million litres of diesel consumption in rural India and also help in bringing down carbon emissions by 1 million tonnes annually.