Brainchild of Balkrishna, the idea was generated after research of over one and a half years. The aim is to ensure that the animals don't get sent to slaughter.
The experiment involves a leading Indian multinational automobile manufacturer and a Turkish partner.
A prototype has been designed and is being tweaked to generate more electricity.
"At a time when more and more male bovines are being slaughtered, we want to change the perception that they (bulls) are not very valuable. While in the morning they can be used in the farms, in the evening they can be utilised for generation of electricity," Balkrishna told ET.
He added: "We need to go back to the basics. In ancient times, bulls were used to ferry massive artillery. If their power is put to optimum use with the help of technology, they can be of tremendous use."
So far the design, involving a turbine, has managed to yield nearly 2.5 kilowatts of power, ET quoted sources as saying.
"The idea is to produce a design which can be provided to farmers, who already have bulls, for generation of electricity," he told ET, adding that the power thus generated can be easily stored. The population of bulls is on the decline, said another official, accounting for less than 30% of the cattle population.