According to reports, the Rockefeller Foundation, Confederation of Indian Industry (CII) and GP Energy on Monday announced an initiative to provide clean energy and reduce dependence on fossil fuels by exploring the possibility of creating a sustainable private power generated grid.
The initiative called SPEED (smart power for environmentally sound economic development) will set up these decentralised mini power plants in various rural areas of the country. It will use a large variety of biomass like forest waste, agricultural residues and even municipal solid waste to generate electricity locally.
In addition to providing uninterrupted power to the cell towers, irrigation, market and home lighting, additional capacity will be earmarked for creation of small and micro industrial units at highly affordable rates.
The joint initiative is currently scouting for locations across West Bengal.
The Rockefeller Foundation supports initiatives in the areas of social, economic, health and environment and operates both within the US and around the world. The Foundation will be the funding agency for the initiative.
GP Energy is a green energy company which has developed a technology to generate energy from biomass, under the GP Gasification Plant brand name.