One of the most popular and well-received shows on Zee Business, The Big Idea airs on Zee Business and Zee International/ Europe/America.
The show is a first of its kind in India. It's a show which is driven to motivate, inspire and drive any young, old, girl or boy, man or woman who dares to dream. Thus delving into the entrepreneurial space or a sector which is out of one’s comfort zone.
‘Our offerings are not just safer than kerosene lamps but involve no running cost’
The Centre announced earlier this year that it will install around 10,000 mini-grids in poorly electrified areas across the country. The grids, which will run on renewable energy sources, are likely to be ready in about five years.
According to Nidhi Modi, executive director, RAL Consumer Products Ltd, which has so far sold 2.5 million solar lanterns in villages, a customer can recover the cost of a lantern in about four months from the savings made on the use of kerosene. A solar lantern providing 6-8 hours of uninterrupted lighting costs Rs.695, while kerosene costs a family Rs.150 a month.
Most consumers in rural areas can and will pay, says Modi. Her company designs solar-powered products based on expected hours of use, energy consumption and consumers’ ability to pay. “Then we arrange for loans for buyers from microfinance institutions without any collateral,” says Modi.
Encouraged by the response, RAL Consumer Products is preparing to sell these lanterns designed in India, but made in China, in similar markets in Asia, Africa and Latin America.
"Over 300 million people in India don’t have access to the electricity grid and are living in complete darkness," PM said.
The slow pace of capacity addition in the solar sector has created room for a variety of off-grid solar solutions to grow and provide electricity to those as yet not connected to the power grid, according to a private sector industry leader.
“In solar, there are two parts – one is the government utility projects, and they are going super slow,” Nidhi Modi, executive director, RAL Consumer Products, the largest off-grid solar company in India, said in an interview. “They are targeting 12 GW a year of capacity addition and they are getting 6 GW a year. So they are heavily dependent on the off-grid solar industry.”
The Residential Off-grid Solar Market
Over five lakh families are already drawing power from off-grid networks and this number is only set to grow.
Electricity generated through coal is getting costlier by the year. Power shutdowns and rising reliance on diesel generators cause contamination and harm the environment. The demand-supply gap for power is quickly expanding, which makes it imperative for everyone to begin considering elective methods for supplementing our power needs.