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.
AI will move from being a good-to-have technology to a must-have technology
We Need to Create Employment Opportunities that would Inspire Women to Join Clean Energy Space
There Must be a Penal Mechanism on Discoms for Delay in Signing PPAs, Payments Release
India’s Power Sector Must be Financially, Physically Resilient to Secure Investments it Needs