IREDA Inks MoU with NHPC to Support in Green Energy Projects for 5 Yrs

As per the MoU signed, IREDA will undertake techno-financial due diligence of renewable energy and energy efficiency & conservation projects for the power producer. It will also assist NHPC in developing an action plan to create and acquire renewable energy projects for the next 5 years.

January 11, 2021. By Manu Tayal

State-owned power sector major lender Indian Renewable Energy Development Agency Ltd. (IREDA) have signed a Memorandum of Understanding (MoU) with state-owned hydropower generation company NHPC Ltd for providing its technical expertise in developing renewable energy projects.

As per the MoU signed, IREDA will undertake techno-financial due diligence of renewable energy and energy efficiency & conservation projects for the power producer.

It will also assist NHPC in developing an action plan to create and acquire renewable energy projects for the next 5 years.

Commenting on signing the MoU, Pradip Kumar Das, CMD, IREDA said that, “the MoU highlights IREDA’s continuous efforts for the development of renewable energy sector in line with Prime Minister’s vision of Aatmanirbhar Bharat. This is a transformational opportunity for IREDA and NHPC to achieve a perfect synergy between the two organisations. It will facilitate knowledge and technology transfer and provide consultancy & research services, which will contribute to driving sustainable development of the country.”

Das further added “the MoU with NHPC is the second one signed by IREDA within last one month. IREDA has signed a MoU with SJVN Ltd in December, 2020. We look forward to extending our consultancy services to other PSUs as well as private organisations for the development of renewable energy sector.”

Meanwhile, the MoU was signed by Pradip Kumar Das, CMD, IREDA and Abhay Kumar Singh, CMD, NHPC Ltd in the presence of Chintan Shah, Director (Technical), IREDA, Y. K. Choubey, Director (Technical), R P Goyal,  Director (Finance) and Biswajit Basu, Director (Projects), V K Maini, Executive Director (Business Development), NHPC and other senior officials.

Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
 
Next events

 

Last interview
 
 
Privacy Policy (PDF) / Terms and conditions (PDF)
 Energetica India is a publication from Editorial Omnimedia. No reproduction in whole or part of content posted on this website.