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
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.