Its first project began generating electricity in 2007 and Husk Power Systems (HPS) has continued its success by installing 60 mini power plants that power over 25,000 homes in more than 250 villages in India. The company plans to help over 6,500 villages by 2014, creating 7,000 local jobs while saving $50 million by replacing kerosene and diesel with its renewable energy technology.

The company installs the decentralized generation and distribution systems at the cheapest rate in the world, costing less than thermal power plants. In order to get this technology out to the areas that need it the most, Husk Power plans to raise about $15 million in the next six months to expand its work in India and to start exporting to Bangladesh, Tanzania, or Uganda by the end of the year.

<i>By AE-Africa.com

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