As part of his Hollywood company Appian Way, U.S. actor Leonardo DiCaprio is set to produce a new environmental reality TV series entitled "E-topia."

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Along with Madison Road Entertainment and Pilgrim Films, DiCaprio's company will head the production which will transform a desolate U.S. town into an eco-friendly community, Daily Variety reported.

"Survivor" alum Craig Piligian, head of Pilgrim Films, said that while the town has yet to be selected and the series is still seeking a network home, the project is "incredibly ambitious."

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"Take an American town that has been destroyed and bring it back to its former glory and then some," he said of the series concept. "This time it'll be stronger, better, cleaner. This town will be reborn as the prototype for the future."

The paper said that DiCaprio, who has history with TV environmental specials, will expand on his role as co-creator on the series by taking on executive producer duties as well.