Everything You Need To Know About IREDA To Support TANGEDCO In Green Energy Projects-MoU Signed

Ministry of New and Renewable Energy

Everything You Need To Know About IREDA To Support TANGEDCO In Green Energy Projects-MoU Signed

Indian Renewable Energy Development Agency Ltd. (IREDA) today marked a Memorandum of Understanding (MoU) with the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), for giving its specialized mastery in creating Renewable Energy undertakings and gathering pledges. 

The MoU was endorsed by Shri Pradip Kumar Das, Chairman and Managing Director (CMD), IREDA and Shri Rajesh Lakhoni, CMD, TANGEDCO within the sight of Shri M K Stalin, the Chief Minister of Tamil Nadu, Shri and different dignitaries. 

Under the MoU, IREDA will stretch out its specialized aptitude to TANGEDCO for Renewable energy project improvement, bid measure the board, and execution support. IREDA will likewise help TANGEDCO owing debtors raising through creating monetary models, help with the arrangement market instrument, guaranteeing administrations for the proposed obligation prerequisite, and leading pre-market reviews, street shows to produce revenue among imminent financial backers. 

TANGEDCO is getting ready for 20,000 MW of Solar Power Project, with satisfactory Battery Storage, 3,000 MW of Pumped Storage Hydro Electric Project, and 2,000 MW of Gas Based Power Plant for effective Renewable coordination. The assessed credit needed for the above projects is about Rs.1,32,500 Crores around. IREDA, as the biggest moneylender of the Renewable Energy area is resolved to assume a significant part in the satisfaction of the monetary prerequisites for RE activities.