Tata Power: TPRMG Partners with SIDBI to Accelerate Green Energy Adoption in Rural India

TP Renewable Microgrid Limited (TPRMG ), a wholly owned subsidiary of Tata Power & Small Industries Development Bank of India (SIDBI) have come together for setting-up & upscaling 1,000 Green Rural Enterprises. The MoU signing ceremony was held at SIDBI’s Head office in Lucknow . This alliance aims to expedite penetration of Green Energy from TPRMG’s Microgrid, to remote villages of India, while SIDBI’s financial enablement initiative will empower Rural enterprises to grow sustainably. This collaboration is a step towards the commitment demonstrated by both the organisations in creating a sustainable future – Tata Power’s “Sustainable Is Attainable” initiative and SIDBI’s “Go Responsive, Enterprise Incentive (GREENi)” initiative.

The MoU was signed by Mr. Manoj Gupta, Chief Executive Officer (TPRMG) and Mr. V Satya Venkata Rao, Deputy Managing Director (SIDBI). The event was graced by Mr. Anoop Pant, GM-SIDBI, Mr. Praveen Kumar, DGM-SIDBI , Mr. Dinesh Prasad, AGM–SIDBI, Mr. Shivendram Maurya, Manager-SIDBI along with Mr. Subodh Dixit, State Head from TPRMG.

This initiative will encourage rural enterprises to go green while will using affordable clean power and utilization of credit linkages for their businesses. The Initiative will also be significant in making the rural India go green and help the nation in achieving in sustainable goals.