FCC

IREDA, MAHAPREIT sign MoU for renewable energy projects

2022-08-24

An MoU was signed between the Indian Renewable Energy Development Agency (IREDA) and Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT). In accordance with the MoU, IREDA will offer financing facilities to MAHAPREIT for the renewable energy projects to be implemented for state utilities, local bodies and the infrastructure of renewable energy parks.

MoU was signed by Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA and Bipin Shrimali, CMD, MAHAPREIT. Under this collaboration, IREDA will also undertake Techno-Financial due diligence of renewable energy and energy efficiency and conservation projects for MAHAPREIT.

Speaking on the occasion, CMD, IREDA said: "We are pleased to partner with MAHAPREIT and offer our techno-financial expertise to MAHAPREIT for the sustainable development of Maharashtra. Through this kind of collaboration, we will be able to support Govt. of India achieve its targets of 50% share of energy from non-fossil fuels by 2030. Also, these initiatives could encourage green investment and generate thousands of jobs.