HomeNewsAgreements MoUIREDA and MAHAPREIT sign an MoU to provide loans for green energy...

IREDA and MAHAPREIT sign an MoU to provide loans for green energy projects

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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