The Australian Department of Foreign Affairs and Trade has partnered with private sector through the Business Partnership Platforms to provide electricity in rural areas of Andhra Pradesh.
The DFAT has collaborated with Village Energy, a renewable energy technology company and an Andhra based NGO the Rural Development Trust which is now providing electricity to 600 households so far at a very affordable rate.
The Australian government has been providing the development expertise, catalytic funding, and networks while Village Energy brings the technology platform. The Rural Development Trust shares the community mobilization experience.
It aims to provide reliable, clean and affordable energy to the consumers.
Sharing her experience Yvonne Power, COO and Co-founder of Village Energy says “I think working in partnership is critical because when you are a relatively new business that’s entering a new market you can really utilize partnerships to help you get a foothold in those markets and also when you are working and partnering with organizations that are focused on social outcomes it really helps to think about how your business can improve social impact objectives.”
Engaging the private sector is at the cornerstone of Australia’s modernised development program, supporting economic growth, incomes and jobs.
The Business Partnerships Platform (BPP) is DFAT’s principal program contributing directly to accelerating Australia’s collaboration with business to address development challenges.
The BPP enables businesses to invest in projects in developing countries that deliver both a social and commercial return by enabling them to benefit from DFAT’s ability to convene, broker and influence in partner countries. Besides, it as deep knowledge of the business, political and regulatory environment in the developing countries where Australia’s aid program operates. Additionally it supports in creating a more attractive business operating environment through broader policy reform and governance programs.
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