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Home Banking & Finance

IREDA-MNRE set key targets for 2020-21

Fiinews by Fiinews
November 3, 2020
in Banking & Finance, Investment, Projects
Reading Time: 1 min read
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PIB, IREDA

Indu Shekhar Chaturvedi, Secretary, MNRE and Pradip Kumar Das, Chairman & Managing Director, IREDA, signs on MoU along with officials on 2 Nov 2020.

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IREDA has financed more than 2,700 projects

Leading renewable energy lender, the Indian Renewable Energy Development Agency Ltd (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) setting key targets for the year 2020-21.

It has set a revenue target of Rs.2,406 crore, said MNRE on 2 Nov 2020.

As on 2 November 2020, IREDA has financed more than 2,700 renewable energy projects in India with cumulative loan disbursements to the tune of Rs.57,000 crore, supporting green power capacity addition of 17,259 MW in the country.

The MOU was signed by Indu Shekhar Chaturvedi, Secretary, MNRE, and Pradip Kumar Das, Chairman & Managing Director, IREDA, on 2 Nov 2020, in the presence of senior officials from MNRE & IREDA. #banking #projects #investment #renewables #energy #OPEC #IEA #environment /fiinews.com

Tags: Indian Renewable Energy Development AgencyMinistry of New and Renewable Energy
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