Saturday, March 13, 2010

Ankit Kumar (2011 batch) starts Green Leaf Energy Private Limited

I have started my company, "Green Leaf Energy Private Limited", working in the renewable energy space. The company objectives are to provide employment opportunities, arrest migration, alleviation of poverty, improve the living standard in rural Bihar and produce renewable energy.

The company has been provided support and guidance by the XLRI Entrepreneurship Development Centre. I am presently working on Bio-diesel and have set up a nursery of Pongamia (Bio-diesel yielding plants), growing 1.2 lakh plants in Kothwara village of Gaya, Bihar.

The company has conducted awareness programs in rural areas of Bihar for utilization of wastelands by doing Pongamia plantation.The company has also formed a contract with 200 farmers over 500 acres of area in Gaya, Bihar. We are looking to scale up the plantation area to 1 lakh acres of wasteland in Bihar.

The company will set up its Bio-diesel extraction unit to produce Bio-diesel, as per the National Biofuel Policy. The company will also set up Bio-gasifier power plant unit generating power from the shells of Pongamia plants for rural electrification.

The project has already been appraised by NABARD, Indian Oil and PNB for technical and financial support.

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