Kinetic Plans Power Project for Villages
Monday, July 12, 2010
Kinetic Chairman, Arun Firodia, who saw an opportunity at bottom-of-the-pyramid long before the phrase became a catchword and launched the moped Luna, now plans to launch a project that would bring power to villages. The plan entails starting a pair of micro-electric plants at villages with a population of over 2,000. The mini wer-generation stations, one each for solar and biomass, will have a capacity of around 35-kilowatts each.
“Through our family trust, we will soon be starting a pilot project in the backward Parbhani district, Maharashtra. It is not a philanthropical initiative and I am confident of it recovering costs. We are working on making it commercially viable,” the 67-year-old Chairman of Kinetic told the news agency. The trust will be investing Rs 10-crore in the project.