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IREDA to Support NHPC in Green Energy projects for 5 years; MoU Signed

Jan 9th, 2021 3:38 pm | By | Category: LATEST NEWS

Indian Renewable Energy Development Agency Ltd. (IREDA), under administrative control of Ministry of New & Renewable Energy (MNRE), today signed a Memorandum of Understanding (MoU) with NHPC Ltd., the PSU under Ministry of Power, for providing its technical expertise in developing renewable energy projects.

Under the (MoU), IREDA will undertake Techno-Financial due diligence of Renewable energy and Energy Efficiency & conservation projects for NHPC. IREDA will assist NHPC in developing an action plan to create and acquire Renewable Energy projects for the next 5 years.

The MoU was signed through virtual mode by Pradip Kumar Das, CMD, IREDA and Abhay Kumar Singh, CMD, NHPC Ltd. 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 were also present

Signing the MoU, CMD, IREDA said: “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. 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.”

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