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Hindu Business Line: Micro-grid firms look to govt for support

Watching videos of Mera Gao Power always leaves you with a good feeling. They typically start showing a village in darkness and a woman struggling with work in the light of a kerosene lamp and end by showing bright LED lights and smiling faces. Provide solar-powered lights to villages that had never seen electricity, let the villagers pay for it out of their savings on kerosene spends—way to go!

The going was good in the beginning. MGP lit up the first village in December 2011 and by mid-2013, had covered 300 villages. Its NRI-founder, Nikhil Jaisinghani, said in a conference in 2013 that he had a “scaleable model” and 30 per cent rate of return was possible.

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DNA: Renewable energy needs priority lending under infrastructure sector

In October of 2014, Prime Minister Narendra Modi instructed the Ministry of New and Renewable Energy (MNRE) to come up with an action plan to build renewable power capacity up to 200 Gigawatts by the year 2022.

The previous target of 20 GW for Solar power projects and installations was raised to 100 GW as a result. To put these numbers in perspective, the cumulative electricity generation capacity in India is less than 250 GW and the installed solar capacity is less than 3 GW.

Meeting the 100 GW solar power target alone is estimated to require an investment of Rs 7,70,00 crore (or $125 billion) in the next seven years. In February, MNRE and IREDA conducted a three-day event, RE-Invest India, to get foreign investors and project developers to commit to this target.

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OMC and Bharti Infratel shortlisted at 2015 Global Mobile Awards

4 February 2015 – OMC Power and Bharti Infratel have been shortlisted in the 2015 Global Mobile Awards, which are this year celebrating 20 years of achievement and innovation across the mobile industry.

OMC Power and Bharti Infratel have been recognised for their pioneering work in the development and deployment of the Renewable Energy Service Company (RESCO) power supply model which provides green electricity to off-grid telecom towers and rural communities.

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Aerial photo of OMC Micropower Plant

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