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IREDA Signs Loan Agreement with SGEL

Published on December 17, 2022
Current Context: The Indian Renewable Energy Development Agency (IREDA) Ltd signed a loan agreement with SJVN Green Energy Ltd (SGEL) for a 1000 MW Solar Power Project at Bikaner, Rajasthan.
IREDA Signs Loan Agreement with SGEL
  • 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
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