2012 TiE50 Company Profile

  
Company: Husk Power Systems Pvt., Ltd.
Year Founded: 2007
Employee Count: n/a
Location: Opp. Shiv Mandir, Near National Seed Corporation, Shastri Nagar Market, Sheikhpura, Patna, Bihar, India - 800014
Website: http://www.huskpowersystems.com/
 

Overview:

Husk Power Systems Pvt. Ltd., (HPS) is the world leaders in decentralized generation and distribution of electric power. HPS lighted the first village from its first 100% biomass based power plant that uses discarded rice husks to generate electricity in August 2007 and today the company installed 60 mini-power plants that power 25,000 households in more than 250 villages and hamlets and impact lives of approximately 150,000 people in rural India. On an average, each power plant serves about 400 households and replaces 42,000 litres of kerosene and 18,000 litres of diesel per year. HPS employed and trained more than 300 local people in rural India for running and managing power plants and saved a total $1.25M in cash for all households HPS serves. By 2014, HPS plans to serve 6,500 villages, save 750,000 tons of CO2, create 7,000 local jobs and save $50M in cash for over 5 million people by replacing kerosene and diesel with its proprietary renewable energy technology. HPS installs decentralized generation and distribution systems at the cheapest capital cost in the world. At $1/W of generation, distribution and installation cost, HPS plants are cheaper than the mega-size Thermal Power Plants. HPS targets setting up of a new paradigm in social entrepreneurship where it pays the community in cash twice the amount it receives from them. Through its mother organization and CSR arm, Samta Samriddhi Foundation, HPS supports and bears the cost of education of over 250 kids. The company provides reliable renewable and affordable electricity that wows the world – customers by its exemplary service and operational excellence, employees by personal growth and empowerment, and its shareholders through profitability, social impact, and environmental sustainability.

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