Cabinet approves plan for IREDA to go public

Cabinet approves plan for IREDA to go public

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.

India, one of the world’s largest greenhouse gas emitters, targets to raise its renewable energy generating capacity to 175 GW by 2022, and has reinforced its commitment to fight climate change even after President Donald Trump pulled the United States out of the Paris accord.

“Public issue of equity will enable IREDA to increase its equity base which will help them raise more debt resources for funding RE (renewable energy) projects,” the government said in a statement. Read More…

 

 

 

Credit By: Reuters

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