Mini-grid investment surges as govt strives to meet energy target

Husk Power Systems, which operates mini-grids in India and Tanzania, has raised $20 million from an arm of Royal Dutch Shell, Swedfund International and French utility Engie's impact investment fund. The investment is the largest in a mini-grid company in India, according to Husk, which builds and operates small-scale power plant and distribution networks. In the wake of Prime Minister Narendra Modi’s vow to supply power to every citizen by 2019, the move gains significance.