Husk Power Systems bags $4 mn finance for rural microgrids in India

Smart Power India on Tuesday said its partner Husk Power Systems has bagged the largest-ever debt financing of USD 4 million for rural microgrids in India to construct 140 mini-grids in rural India.

To encourage reliable access to electricity till the last mile, Smart Power India’s partner Husk Power Systems recently secured the largest-ever debt finance to construct 140 mini-grids in rural India.

According to the statement, the amount received is USD 4 million from the IREDA.

The IREDA loan to Smart Power India’s partner Husk represents the biggest debt financing for rural mini-grids in India till date, it stated.