Deepak Kochhar is also one of the elite Independent Power Producers (IPP) in renewable energy. He is the
CEO and founder of NuPower Renewables and has 20 years of experience in the renewal
energy sector and financial sector. He also happens to be the husband of ICICI Bank CEO Chanda Kochhar.
His education and hobby:
Deepak Kochhar completed graduation from the Harvard Business School
in Advancement Management Program (AMP). He also completed Masters from Jamnalan Bajaj Institution of Management Studies, Mumbai (then Bombay) University in
Finance.
His key loves playing squash and is
a 3 time National Champion. Regarding his lingual skills, he can converse
in English and Hindi with complete proficiency.
His contribution to the nation:
This humble man with NuPower
Renewables had a dream to eradicate the problems of electrification taking
place in the rural areas of India. From 2008, he has constantly been trying to achieve that goal. His hard work has also
paid off, and the total energy generation
capacity has experienced an increase from 1%-12% in the last 12 years.
Deepak Kochhar with NuPower has taken numerous steps for the
betterment of the renewable energy sector. He introduced wind turbines 2.05WV
of German technology capable of transforming wind
into energy GmbH. Plus renewable energy assets of around 700MW functioning have
been initiated in pipeline regions of Maharashtra, Andhra Pradesh, Tamil Nadu
and Madhya Pradesh. NuPower has also sold off power grids vide to different power grids vide on a purchase contract for 13-20 years.
Plus it also sells power to corporate clients on
the basis of long of buying contracts.
In words of the man- “India due to the rapid urbanization will
have more number of centers in the urban
regions. This will lead to an increase in
the more energy generation capacity.” The man also stated that considering
the costs of electricity in the urban areas;
renewable energy will prove to the best possible solution.
Developments in the renewable
energy sector production have also improved from 0.4% in 2002 to 6% in 2005. Also, there have been some improvements in
drive train technology and tower structure through the usage of state of the
art power electronics. This has added to
the cost-effectiveness on an over-all scale.
All this could not have been
possible without personalities like Deepak
Kochhar and NuPower, undoubtedly the country’s leading IPPs.
Deepak Kochhar stated this is an exciting time in the renewable energy sector. It is contributing to
the nation’s security and worldwide climactic changes. Plus this is also preserving
the country’s forex in regards to the substitution of coal. He further added
that this rapid urbanization would also
add more number of urban energy renewable
centers making way for more volume of energy generation.
With the passage of time, more
transformation is expected as the next
target for 2022 is 175GW of solar and wind energy. Deepak Kochhar with NuPower plans to
play a pivotal role in bringing about that transformation.
Deepak Kochhar has done quite a lot for the country, but according to him, his work is not done yet. His words embody the famous line from Robert
Frost’s poem- “The woods are lovely dark
and deep, but I have promises to keep and
miles to go before I sleep…”
