IREDA and MAHAPREIT sign an MoU to provide loans for green energy projects: The Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT) and the Indian Renewable Energy Development Agency Ltd. (IREDA) signed a memorandum of understanding. MAHAPREIT is a fully owned subsidiary of MPBCDC (49% owned by the Government of India and 51% owned by the Government of Maharashtra).
- IREDA will offer financing options for the renewable energy projects that will be developed for public utilities, local governments, and the infrastructure of renewable energy parks.
- The MoU was signed by The Chairman & Managing Director (CMD) of IREDA, Shri Pradip Kumar Das, and the CMD of MAHAPREIT, Shri Bipin Shrimali.
- IREDA and MAHAPREIT MOU will assist the Indian govt in achieving its goal of obtaining 50% of its energy from non-fossil fuels by 2030.
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