- The loan agreement between IREDA and SGEL for a 1000 MW Solar Power Project is worth INR 4,444.71 Cr.
- It was signed by the CEO of SGEL, SL Sharma, and the DGM of IREDA, Pradipta Kumar Roy.
- The project will be funded by the IREDA and will connect to the 400/220 kV substation Bikaner-II (near Bikaner).
- A tender, under the CPSU Phase-II (Tranche III) Scheme, was floated by the IREDA for the development of Grid connected Solar PV Power Project through a Competitive Bidding Process based on VGF support.
- SGEL was established in April 2022 with its headquarters in Shimla, Himachal Pradesh. The current CEO of the company is SL Sharma.
- IREDA was established in 1987 with its headquarters in New Delhi. The current CMD of the company is Pradip Kumar Das.
Question:
Q.1 IREDA Ltd recently signed a loan agreement with SGEL for a _____ MW Solar Power Project at Bikaner, Rajasthan.a. 1000
b. 1500
c. 2000
d. 2500
