Abstract
In June 2011, Husk Power Systems (HPS), a social enterprise based in Bihar, Eastern India, won the prestigious Ashden Award for Sustainable Energy, considered as the Green Oscar. Jacqueline Novogratz, Chief Executive Officer, Acumen Fund said, Companies like HPS are working to impact positively not only the environment, but to ensure that someday everyone, including the poorest of the poor in rural India, will have access to clean and affordable electricity. HPS had plans to become a global provider of off-grid electrification and to reach out to millions of people in the underdeveloped countries. The objective of HPS was to provide a comparatively cheaper, eco-friendly, reliable power system for the poor living in the rural and remote areas of Bihar, while making sufficient profit to ensure that the business model could function smoothly in the long run.
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