Indian Renewable Energy Development Agency (IREDA) will provide its techno-financial expertise in the field of renewable energy projects to Central PSU THDC India Ltd. An MoU to this effect was recently signed between the two entities.
Scope
Under the MoU, IREDA will undertake techno-financial due diligence of renewable energy and energy efficiency and energy conservation projects for THDCIL. IREDA will assist THDCIL in developing an action plan to create and acquire renewable energy projects for the next five years. IREDA will also extend its techno-commercial expertise to THDCIL for Environmental & Social (E&S) due diligence of renewable projects as per the internationally accepted E&S standards.
Speaking on the occasion the IREDA CMD said that the MoU will help THDCIL to accelerate its footprint in the renewable energy space. THDCIL is already present in solar and wind energy generation, apart form thermal power and hydropower. “The MoU will facilitate knowledge transfer, which will contribute to driving sustainable development of the country through green energy,” the IREDA CMD said.
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Sixth MoU
This is the sixth MoU signed by IREDA within one year, for providing its consultancy services for developers of renewable energy and towards energy transition. IREDA this year has already signed signed MoUs with SJVN, NHPC, TANGEDCO, NEEPCO and Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) to extend its techno-financial expertise for green energy projects.
Featured photograph shows exchanging of the MoU documents between Pradip Kumar Das, CMD, IREDA (in brown jacket) and Rajeev Kumar Vishnoi, CMD, THDC India.
