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TP Renewable Microgrid and SIDBI collaborate to setup 1K green energy enterprises

TP Renewable Microgrid

TP Renewable Microgrid collaborates with SIDBI

In order to build 1,000 green energy businesses around the country, Tata Power, TP Renewable Microgrid Limited (TPRMG), a wholly owned subsidiary of Tata Power, and Small Industries Development Bank of India (SIDBI) have teamed up to launch an innovative programme. This project will promote the government of India’s vision of Atmanirbhar Bharat by encouraging sustainable entrepreneurship models all around the country, which will empower rural entrepreneurs. 
A “Go REsponsive, ENterprise incentive (GREENi)” will be given to entrepreneurs as part of the collaboration once they finish a capacity building activity planned by TPRMG. SIDBI would also support credit connections through its PRAYAAS scheme or partner banks to facilitate financing (loans) for starting or growing rural entrepreneurs’ firms. TPRMG will identify eligible entrepreneurs both inside its current Microgrid network and in new geographies to supply these rural enterprises with high-quality, economical, dependable, and green energy (Solar, Wind, and Bio-Gas). 
“Our collaboration with SIDBI is a step toward include rural businesses in India’s commitment to the broad usage of renewable energy and giving them access to a sustainable energy ecosystem. According to Dr. Praveer Sinha, CEO & MD, Tata Power, “This unique programme aims to create skills to enable low-carbon futures for rural businesses and economies and to assist in Ease of Doing Business in rural sections of the country.”

TP Renewable Microgrid and SIDBI

SIDBI has integrated its promotional efforts into a national programme that encompasses four buckets: innovation, education for entrepreneurship, Swavalamban link Kendras, and village/ rural/ sustainable enterprise development. It is planned to work with TPRMG, a division of Tata Power, to spark rural green businesses. As part of its thrust agenda, SIDBI has made green business a priority. This is in line with the country’s commitment to becoming a carbon-neutral nation. We are optimistic that this will inspire Indian youth who are drawn to roles as job creators to start living sustainably right away. the CMD SIDBI, Mr. Sivasubramanian Ramann. 
One of the largest Microgrid programmes in the world is administered by Tata Power through TPRMG, which also manages a solar-powered off-grid producing facility with an energy storage system that provides power to rural portions of the nation. In the near future, the business intends to deploy 10,000 Microgrids. More than 200 Microgrids have been installed, majority of which are found in Uttar Pradesh and Bihar. Additionally, a pilot Microgrid programme is being tested in Odisha. 
Electricity distribution systems known as microgrids contain loads and distributed energy sources like distributed generators, storage systems, or controlled loads that can be operated in a controlled, coordinated manner while either islanded or connected to the main power network. Many people in rural India can afford it because the cost of power from a microgrid is about one-fifth that of diesel. In addition to homes, TPRMG’s customers in a village also include stores, clinics, schools, banks, telecom towers, oil refineries, rice hullers, bulk milk chillers, RO cold water facilities, and other commercial establishments.