Indian Renewable Energy Development Agency (IREDA) 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 and 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 virtually, Pradip Kumar Das, 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.”
He also said that it will facilitate knowledge and technology transfer and provide consultancy and research services, which will contribute to driving the sustainable development of the country. The MoU with NHPC is the second one signed by IREDA within the last one month. IREDA has signed an 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 the renewable energy sector.”