Tata Power and The Rockefeller Foundation has announced the launch of TP Renewable Microgrid Ltd., which will address the lack of access to affordable, reliable electricity for rural homes and enterprises in India.
By scaling up a microgrid model to be implemented in collaboration with Smart Power India (SPI) and the Institute for Transformative Technologies, TP Renewable Microgrid Ltd. will provide clean power to nearly 5 million households over the next decade.
This collaboration will add to the Government of India's ongoing campaign to provide electricity to rural areas which currently have poor reliability and coverage by traditional grid-based power.
Rural businesses and households continue to rely on alternative sources to power daily needs--with more than 40% of rural enterprises in states like Bihar and Uttar Pradesh relying on non-grid sources of power such as diesel. Renewable microgrids will provide a cleaner source of power, expanding access and lowering effective electricity costs and carbon emissions by 1 million tpy as well as reducing the amount of diesel burned by 57 million litres yearly. Over time, the opportunity to deploy grid-interactive solutions will materialise, creating a more integrated, stable and smart rural grid.
TP Renewable Microgrid Ltd. will be operated and managed by Tata Power, who have established a joint venture with the Delhi government to serve a large portion of the local population, including sizeable slum communities. SPI, which was launched by The Rockefeller Foundation in 2015, will provide technical expertise to the enterprise.
"We are proud to bring energy to millions of people. Once at scale, TP Renewable Microgrid Ltd. anticipates supporting 100 000 rural enterprises, creating 10 000 new green jobs, and providing irrigation for over 400 000 local farmers," said Tata Power Chief Executive Officer Praveer Sinha.
TP Renewable Microgrid Ltd. reflects a scaling-up of The Rockefeller Foundation's efforts to tackle energy poverty worldwide. In September 2019, The Rockefeller Foundation also announced the launch of the Global Commission to End Energy Poverty (GCEEP) to fast-track sustainable power solutions, investments and partnerships that will deploy globally over the next decade.
Read the article online at: https://www.energyglobal.com/special-reports/06112019/tata-power-and-the-rockefeller-foundation-announce-enterprise-to-provide-people-in-india-with-renewable-microgrid-electricity/