Rockefeller Foundation To Sign MoU With Three Tower Firms For Alternative Energy

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Smart Power India, a not for profit entity created by Rockefeller Foundation, is all set to provide alternative energy solutions to Indian telecom tower companies. The company is expected to sign agreements with three Indian tower companies wherein the telecom sites would be powered by the electricity produced by Smart Power India.

“We are in advance talks with 2-3 tower companies and will be signing MoUs with them in few weeks,” Smart Power India’s CEO Jaideep Mukherjii told TeleAnalysis.

Smart Power India is setting up power plants in various parts of the country based on alternative energy sources like solar, wind, bio-mass and hybrid. The company is investing $75 million to set up the power plants in the country. Initially, the company would be providing electricity to 1000 villages in UP and Bihar.

However Mukherjii did not disclose who are these three companies.

“We are in talks with all the tower companies including Bharti Infratel, Reliance Infra, Indus as well TAIPA for the same,” Mukherjii added.

TAIPA is the industry association of Indian telecom tower companies.

Besides providing electricity to rural households, the company is looking at telecom tower companies as its anchor tenants.

“Telecom tower companies in India burn around 2 billion liters of diesel every year, and if they switch to alternative energy like solar or wind, then it would be phenomenal,” said Dr Judith Rodin, President of Rockefeller Foundation.

Dr Judith is in India to inaugurate the Smart Power India initiative which aims at rural electrification through alternative energy sources.

Rockefeller Foundation’s rural electrification entity Smart Power India would be setting up 67 power plants of which there are 25 plants currently operational.

 

 

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