Page 30 - IACC Newsletter March-April 2014 Issue 03

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Nowwe are moving into the next phase where we are going into a lot more detail about the deployment and the project
plan,"Malkani said.The four cities include Dholera Special Investment Region in Gujarat, Shendra Bidkin Mega Industrial
Park in Maharashtra, Manesar Bawal Investment Region in Haryana and Khushkhera Bhiwadi Neemrana Investment
Region in Rajasthan.
Copyright © 2014, Bennett, Coleman & Co. Ltd. All Rights Reserved.
New York City based Rockefeller Foundation to set up 1,000 mini power grids
across rural India
In its efforts to provide electricity for rural population of the country, the Rockefeller Foundation i s working on a USD 100
million (Rs.614 crore) initiative to establish 1,000mini power grids in the next three years, a PTI report stated.
The first 30 mini grids are expected to be set up, mostly in Bihar and Uttar Pradesh, by the end of this year, accord ing to a
senior official of the foundation.
The foundation, which works for betterment of human lives in different parts of the world, would be putting in USD 65
million (nearly Rs.400crore) for the mini grids initiative. "Our contributionwill be USD 65 million but the total cost will be
higher. Total cost would be around USD 100million for 1,000mini grids," the foundation's Associate Vice President and
Managing Director (Asia Program Team) Ashvin Dayal told the media.
The projects would have equity participation from companies.
Generally, amini power gridwould help cater to 150-250 households with about 1,000 people. The amount of electricity
such grids can carry would be in the range of 65-75 kilowatt hours. Setting up of mini grids would help in increasing
electrification in India where about 53million households are without access to power.
"We are not going to provide grant funding completely... We will be providing concessional debt, grant financing for
additional support that is needed. Companies will put in their own finance," Dayal said.
While the first set of 30 mini grids would be ready by the end of this year, the foundation has set a target of setting up 200
such grids by 2015 end. "By end of 2017, we expect to have 1,000 mini grids," Dayal said. For these mini grids, the
foundation would focus on districts in Bihar, Eastern Uttar Pradesh, Jharkhand and Odisha, among other states.
The foundation has been experimenting with two to three pilot projects in India for the past two years.
"We are working with a set of companies which will actually establish and operate mini grids either as generators or
generators and distributors or just as distributors. We are working with NGOs for community engagement...," Dayal said.
The foundation also had initial discussions with the ministries of power as well as new and renewable energy. The
government -- which is working on a multi -pronged strategy to boost fuel supplies, ramp up power generation and
increase transmission networks -- aims to provide electricity for everyone by 2019.
Copyright © Press Trust of India 2014, All Rights Reserved
Bill Gates Backs Impact Investor Unitus Seed
Microsoft co-founder, Bill Gates has backed impact investment firm, Unitus Seed, along with a clutch of 15 other HNI's
enabling the Indian rupee fund to raise a total of $4Million to invest in startups targeting the BoP space.
The investment of Bill Gates came fromthe personal fund (not from the Gates Foundation) with a corpu s of $1 Bn, set up
by the world’s second richestman to provide equity, loans and loan guarantees to for-profit companies. The other HNI’s
who have helped Unitus raise funds include Desh Deshpande (formerly Sycamore Networks), Romesh Wadhwani
(Symphony TG), Vinod Khosla (KhoslaVentures), Steve Singh (Cleartrip, Concur) Soma Somasegar (Microsoft), Dilip Wagle