The Government of India and the World Bank signed a US$98 million Loan Agreement and US$2 million Grant Agreement to help India increase its power generation capacity through cleaner, renewable energy sources by setting up solar parks.
IREDA was established in 1987 as a Non-Banking Financial Institution, and is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
Anil Ambani led Reliance Capital arm will get a loan assistance of Rs 300 crore from government body IREDA to utilise funds for on-lending to renewable energy sector.
The Indian Renewable Energy Development Agency (IREDA) has received the Reserve Bank of India (RBI)’s approval for its masala bond issuance, two sources confirmed to FE.
The World Bank loan is proposed to flow to the interested Solar Power Park Developers (SPPDs) through IREDA
World Bank financing of USD 100 Million for development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New & Renewable Energy.
The Indian Renewable Energy Development Agency (IREDA) is waiting for the approval of the Reserve Bank of India to issue green masala bonds having a tenure of five years to raise close to $300 million, a source said.
The cabinet approved a plan on Wednesday to publicly list state-owned Indian Renewable Energy Development Agency (IREDA) to fund its ambitious renewable energy development programmes.
The Indian Renewable Energy Development Agency increased its financing of green energy projects considerably in 2016-17, crossing the milestone of Rs 10,000 crore in a single year for the first time.
The board of the World Bank on Thursday approved USD 100 million (EUR 94m) in financing that will help develop common infrastructure for large-scale solar projects in India.
State-run Indian Renewable Energy Development Agency (IREDA) will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of the loan market share.