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Business Today on OMC: Alternate current

Privately run microgrids provide power to large swathes of rural areas where electric supply is erratic or nonexistent. But they face formidable challenges.

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The beginnings: Selecting a site for setting up a power plant is crucial for OMC Power’s business. It is done on the basis of the presence of at least two telecom towers in the vicinity, in order to make the business model sustainable (Photo: Kishan Kumar)

Pradeep Singh, 37, owns one of the two gas stations at Attrouli village in Uttar Pradesh’s Hardoi district, 65 km north of Lucknow. Barely 30 per cent of the diesel he sells goes into vehicles; the rest is bought by village residents to run diesel generator (DG) sets for both household and agricultural needs. The village gets barely four to six hours of power on average a day from the grid, with 10 hours being the maximum it has ever got. “Yahaan bijli ka koi theek nahi hai (power supply here is very erratic),” he says. “We usually get power after 11 pm for a few hours, rarely during the day.”

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CleanTechnica: OMC & SunEdison Partner To Install 250MW Solar Power

SunEdison is looking to implement a multi-pronged approach to expand its footprint in the Indian solar market. In addition to utility-scale solar power projects, the company is also looking to install distributed solar power projects in Indian villages that lack access to electricity. SunEdison to install 250 MW off grid solar power projects in rural India

SunEdison has signed an agreement with India-based Omnigrid Micropower Company to set up off-grid solar power projects in 5,000 Indian villages. These projects would have a cumulative capacity of 250 MW. This would potentially be the largest private-sector initiative in the distributed solar power domain for rural India.

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OMC receives high CRISIL rating

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OMC has received a credit rating of “SP2A” signifying “High Performance Capability & High Financial Strength”. The rating will remain valid until the end of December 2016.

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CRISIL is India’s first, largest, and most prominent credit rating agency. CRISIL’s majority shareholder is Standard and Poor’s – a part of McGraw Hill Financial (formerly The McGraw-Hill Companies) – the world’s foremost provider of credit ratings.

The Motley fool on OMC: This Is How India Should Be Building Solar Energy

India is making a $100 billion bet on solar energy by 2022, but it’s doing so with “megasolar projects” designed to be 500 MW in size or more. The problem with projects that size is that India can’t get its centralized fossil fuel industry to run properly, and adding massive energy sources with intermittent energy supply may only make the problem worse.

Residential solar is growing like crazy in the U.S. Why can’t it grow in India too?       Image source: SunPower.

The better solution for supplying energy to India’s remote, underserved population would be through distributed energy sources like rooftop or small solar projects. Last year, Prime Minister Narendra Modi said 2 GW of 20 GW built by 2022 should be distributed solar, but those projects have been slow to develop. One deal signed this week may finally show that distributed solar is getting its day in India.

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