Indian Renewable Energy Development Agency (IREDA), under administrative control of Ministry of New & Renewable Energy (MNRE) signed a Memorandum of Understanding (MoU) with NHPC for providing its technical expertise in developing renewable energy projects. Under the MoU, IREDA will undertake Techno-Financial due diligence of Renewable energy and Energy Efficiency & conservation projects for NHPC. IREDA will assist NHPC in developing an action plan to create and acquire Renewable Energy projects for the next 5 years.
Signing the MoU, CMD, IREDA said, “The MoU highlights IREDA’s continuous efforts for the development of Renewable Energy sector in line with Prime Minister’s vision of Aatmanirbhar Bharat. This is a transformational opportunity for IREDA and NHPC to achieve a perfect synergy between the two organisations. It will facilitate knowledge and technology transfer and provide consultancy & research services, which will contribute to driving sustainable development of the country. The MoU with NHPC is the second one signed by IREDA within last one month. IREDA has signed a MoU with SJVN Ltd. in December, 2020. We look forward to extending our consultancy services to other PSUs as well as private organisations for the development of Renewable Energy sector.”
