Markets regulator Sebi has sought clarification from as many as five companies, including Bandhan Bank and Indian Renewable Energy Development Agency (IREDA), regarding their proposed initial public offerings.
The Indian Renewable Energy Development Agency (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) on Wednesday signed a sub-loan agreement for financing the shared infrastructure of two solar power projects in Madhya Pradesh.
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).
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.