Tata Power creates new arm to set up 10,000 microgrids

New Delhi: Tata Power on Monday said it will create an arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five millions homes across the country.

The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation, which will provide technical support to the offshoot for achieving its objective. Rockefeller Foundation will have equity stake in the venture, the company said.

The TP Renewable Microgrid represents important scaling up of efforts to provide access to affordable, reliable and clean electricity in India, and will serve as a model for expanding access to more than 800 million people who are without power worldwide, a Tata Power statement said.