In this episode of the Power for All podcast, Divya Kottadiel speaks with Dhurba Purkayastha, who leads the team at CPI in developing innovative finance and policy solutions in support of the government's renewable energy and green growth plans. He is also the director of US India Clean Energy Finance. The conversation centres around CPI’s recent report on the future of distributed renewable energy in India, which outlines the benefits and market potential of India's DRE sector, examines the current policy and institutional landscape and provides tailored recommendations for various stakeholders.
A new report by the Initiative for Sustainable Energy Policy (ISEP) highlights the unreliability of power supply in India's rural Jharkhand state. A senior official speaking at the report launch event stated that inefficiencies in the management of power utilities are one of the biggest challenges in ensuring 24x7 power supply.
Despite being a US$ 50 billion market and an opportunity to increase incomes for rural communities in India, solar-powered productive-use appliances -- for tailoring, food processing, carpentry and others -- are still unable to access end-user finance and therefore unable to scale, according to a new report.
In 2019, India announced the completion of the Saubhagya Initiative, its program to provide electricity connections to every village and every home in the country. However, even though millions more are now connected, problems remain (and new ones have emerged), including unreliable supply of power, a lack of workforce capacity for utilities (DISCOMs) to serve an expanded customer base and additional stress of fiscal health.
For two decades, Bangladesh has been the testing ground for using distributed solar to achieve energy access at scale. The main vehicle for this remarkable experiment has been the unremarkable-sounding Infrastructure Development Company Ltd. (IDCOL), which—in 2004—started to finance a Bangladesh solar home system (SHS) program using the innovative financial and technology packages I designed and implemented as the Founding Managing Director of Grameen Shakti in 1996. Today, this public-private partnership, backed initially by the World Bank and involving more than 60 NGOs and social enterprises, is anything but ordinary, having lifted up an entire generation.
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