Agreement for availing the LoC of Euro 100 million from AFD, was signed by Shri K S Popli, Chairman and Managing Director, IREDA and Mrs Aude Flogny - Director of AFD’s Regional Office in New Delhi in the presence of Senior officials of MNRE & IREDA.
Developing renewable energy sources helps address environmental concerns and also improves energy security and spurs regional economic development. The agreement signed today will help in supporting the Government of India’s focus on a low carbon growth strategy for power generation in India.
IREDA is a dedicated financing institution for financing RE projects under the aegis of Ministry of New and Renewable Energy (MNRE). It has till date disbursed more than Rs 14,550 crores for RE projects and has total loan portfolio of over Rs. 8200 crores. IREDA has been raising resources from various bilateral / multilateral agencies as also from domestic sources through both taxable and tax-free bonds for providing long term finance on competitive terms and conditions.
