IPP
, India

TP Renewable, SIDBI partner to set up 1,000 green energy enterprises in India 

This is meant to promote sustainable rural entrepreneurship.

TP Renewable Microgrid Limited (TPRMG) and Small Industries Development Bank of India (SIDBI) have partnered to set up 1,000 green energy enterprises across India.

This is in line with the government’s initiative to encourager sustainable entrepreneurship models. 

"Our partnership with SIDBI is a step toward providing rural enterprises with access to a sustainable energy ecosystem and include them in India's commitment to the widespread use of renewable energy,” 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.”

Read more: Tata Power unit commissions 225MW hybrid power project in Rajasthan

Under the partnership, SIDBI is expected to provide an incentive to entrepreneurs that undergo TPRMG’s capacity building activity.

The bank will also be tasked to assist in credit linkages to facilitate loan financing for the expansion of businesses of rural entrepreneurs. 

TPRMG will seek suitable entrepreneurs within its microgrid network and other geographies to provide them with affordable and reliable clean energy, such as solar, wind, and bio-gas. 

 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Could coal-based power still get funding
Asian markets have increased coal output to meet energy demand.
Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.