IREDA Current Affairs, GK & News
Ministry of New and Renewable Energy has made amendments in the implementation guidelines of Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) Scheme on November 13, 2020. It is a scheme for farmers which aim to install solar pumps, grid-connected solar and other renewable power plants across the country. About PM KUSUM Scheme The ..
Category: Government Schemes Current Affairs
On November 2, 2020, the Indian Renewable Energy Development Agency Limited and the Ministry of New and Renewable Energy signed a Memorandum of Understanding to set key targets for the year 2020-21. Key Highlights According to the agreement, the Government of India has set a new revenue target of Rs 2,406 crore from the renewable ..
Category: Economy & Banking Current Affairs
The Government of India is planning to integrate largest lenders to the power sector in order to help clean energy firms clear their dues. It includes Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency (IREDA). The integration will help resolve growing crisis in the clean energy sector and also ..
Topics: Foreign Direct Investment (FDI) • IREDA • KUSUM Scheme • Power Finance Corporation • Renewable energy • Rural Electrification Corporation • Solar Power Projects • Solar Rooftop System • Wind Energy
Indian Renewable Energy Development Agency (IREDA) and European Investment Bank (EIB) have signed loan agreement for second line of credit (LoC) of Euro 150 million on non-sovereign basis for renewable energy financing in India. The LoC has tenure of 15 years including grace period of 3 years. It will be used for financing Renewable Energy ..