Rural Electrification Project
Nearly a quarter of world’s population still doesn’t have access to electricity and a significant majority in this category resides in rural areas. This is perhaps one of the biggest contributors to the increasing urban-rural divide. Access to electricity is extremely critical for growth, economic equality and social cohesion.
The criteria that countries and regions use to demonstrate electrification is not always what we generally understand as electrification. In many instances, electrification meant having a few street light poles in a village, whilst the majority of population, farmers and micro-enterprises went without electricity access.
Target 1000 MW
Oval Observer Foundation, after much consultation and dialogue with the stakeholders, has initiated a most ambitious Rural Electrification Project. The project will focus on many emerging economies around the world and has set itself the goal of installing 1MW in a 1000 villages by 31 December 2017. The programme will bring 1MW of power to each village through a micro-grid network. This will not only provide electricity to each village but also set up micro-enterprises resulting in more jobs, self-reliance and greater economic prosperity.
Renewable Energy Sources
The electricity will be generated by renewable energy sources including a combination of solar, wind, biomass primarily. It will also explore other options such as mini-hydro, storage and other renewable energy forms.
Key Deliverables :
Model rural electrification economic framework
Establish a consortium of private, public and third-sector entities that are keen to develop such projects
Rollout of the project over three years across 1000 villages across multiple emerging economies
Scoping: Identifying and recruiting regions where the project installations where take place
Panel Discussions: Organised every 2 months to get critical feedback from top experts
Key Research: Background research and putting forth detailed papers
Dialogues: With Governments and Regulatory authorities across various markets on implementing the Project
Working Groups: Made up of a small group of experts that will further the initiative
Campaign: Publishing a series of infographics, analytical insights and other short summaries circulated globally through multiple channels
Pilots: The project will identify pilots across emerging economies
Scale Up: To expand and replicate the Project in multiple markets
Agenda for the Economic Framework :
In addition to the actual roll-out the Project will focus on the following 10-point agenda:
- Financial viability of the rural electrification project.
- Development of a professional staff for maintenance of local/regional operations.
- Development of a robust management system for policy planning, construction of infrastructure, operations etc.
- Development of a strong governance and advocacy framework in collaboration with civil society organizations and Panchayats aimed at raising awareness among village households about the scheme and development of an efficient redressal mechanism.
- Framework for transparency in financing of new projects.
- Training of operating personnel.
- Exploring the possibility of investments in the clean energy sector for meeting the demand supply gap.
- Scope for greater Public-Private Partnership initiatives.
- Removal of foreseen political hurdles in the implementation phase.
- Focus on meeting energy requirements of the agricultural sector by development of irrigation pump sets.
Financing and Execution
The financing of the project will be done through a number of collaborations. The Foundation doesn’t intend to establish a direct fund but instead a Special Purpose Vehicle that will act as both the conduit through which the projects will be financed as well as executed. The SPV will operate at an arms length distance and shall conform to a governance charter prepared jointly in consultations with the principal stakeholders.
Who Can Join
1. Project Developers
For those who would like to co-develop and co-finance the projects
2. Capital Providers
For investors, lenders, insurers and guarantors who would like to support the execution of such projects
3. Governments who would like to see the electrification initiative being launched in their jurisdictions
4. Innovative Technology & Solution Providers
Entities who have innovative solutions that can be implemented as part of various installations
5. Equipment Manufacturers and Suppliers
OEMs who would like to provide equipments to various projects.
6. Professional Services
For corporate finance firms, law firms, tax & accountancy or other professional services firms.
How to Join
Interested parties can join through becoming a formal member of the Foundation or by being a partner/collaborator. Those interested can request more details from the named contacts on this page.