TPRMG, SIDBI to jointly built 1000 green energy enterprises nationally for rural entrepreneurs

Hyderabad, Aug 23 (KNN) Tata Power’s wholly owned subsidiary TP Renewable Microgrid (TPRMG) and Small Industries Development Bank of India (SIDBI) have collaborated to set up 1,000 green energy enterprises established throughout the nation under a joint innovative program to support rural entrepreneurs.

The pact commemorates the Azadi Ka Amrit Mahotsav and aims to support government’s vision of Atmanirbhar Bharat, said a press release.

This initiative foster sustainable entrepreneurship models across the nation leading to empowerment of rural entrepreneurs.

Under the collaboration, SIDBI will provide entrepreneurs a "Go REsponsive, ENterprise incentive (GREENi)" after they complete a TPRMG-organized capacity building activity.

Through its PRAYAAS scheme or partner institutions, SIDBI will also assist in credit linkages to facilitate financing (loans) for setting up or expanding the businesses of rural entrepreneurs.

To provide these rural businesses with quality, affordable, dependable, and clean green energy (Solar/Wind/Bio-Gas), TPRMG will discover suitable entrepreneurs within its existing Microgrid network as well as in new geographies.

Talking about the partnership, Dr Praveer Sinha, CEO&MD Tata Power said, “This innovative program intends to develop skills to enable low-carbon futures for rural entrepreneurs and economies and to assist in Ease of Doing Business in rural parts of the country.”

Collaboration with Tata Power's TPRMG is being structured to kindle green rural enterprises, said Sivasubramanian Ramann, CMD SIDBI.

He further said that SIDBI has prioritised the green enterprise as its thrust agenda aligned to national commitments on being carbon neutral nation.

“We are hopeful that this shall trigger the youth from Bharat who are inclined towards job creator role, to go green from the very beginning,” he added.

TPRMG will also provide rural enterprises, green energy solutions, the technical know-how for maximising energy utilisation and conservation.

The Sustainable is Attainable program of Tata Power and the Empowering MSMEs campaign of SIDBI are the driving forces behind this partnership.

Tata Power, through TPRMG, runs one of the largest Microgrid programs in the world and operates solar-based off-grid generating plant with an energy storage system supplying power to remote areas of the country.

The company plans to roll out 10,000 Microgrids in the near future. It has installed more than 200 Microgrids, many of which are present in Uttar Pradesh and Bihar. A pilot Microgrid program is also being tried out in Odisha.

Microgrids are electricity distribution systems containing loads and distributed energy resources such as distributed generators, storage devices, or controlled loads that can be operated in a controlled, coordinated way either while connected to the main power network or while islanded.

The price of power from a Microgrid is around one-fifth of the price of diesel, making it an economical option for many people in rural India. Apart from households, TP Renewable Microgrid consumers in a village include shops, health centres / Hospitals.  (KNN Bureau)