- Both organizations will also strive to fix interest rates for IREDA borrowings for a period of three to four years. Further, IIFCL may invest in the bonds issued by IREDA as per the terms and conditions of the issue.
- The MoU was signed by Shri Pradip Kumar Das, Chairman & Managing Director, IREDA and Shri P R Jaishankar, Managing Director, IIFCL. The MoU will enable a synergy of green financing expertise of IREDA and infra financing expertise of IIFCL.
- The CMD of IREDA said that the partnership with IIFCL will support the Govt. of India’s target of achieving 50% share of energy from non-fossil fuels by 2030 and serve the vision of Aatmanirbhar Bharat and a clean and green India.
Question:
Q.1 Which PSU under the Ministry of New & Renewable Energy (MNRE) signed a MoU with IIFCL to co-finance renewable energy projects?a. NTPC
b. NHPC
c. IREDA
d. SECI
