23 February 2016. With a commitment of $75 million, The Rockefeller Foundation will launch Smart Power for Rural Development to promote sustainable business models that deliver renewable electricity and spur economic development among poor, underserved rural
populations.
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The initiative will focus on India, where the Foundation is establishing a new organization that will partner with energy service companies (ESCOs), telecom tower operators, investors, non-governmental organizations (NGOs), and government agencies to electrify 1,000 villages in the next three years (2014-2017).
The Foundation will use the experience and insights from India to explore how to support greater economic development by scaling up a viable model for rural electrification in other geographies in Africa and Asia, and to contribute to a more dynamic global dialogue on addressing energy poverty.
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