+
IREDA and SJVN Green Energy sign a loan agreement for Rs 44.45 billion
POWER & RENEWABLE ENERGY

IREDA and SJVN Green Energy sign a loan agreement for Rs 44.45 billion

Indian Renewable Energy Development Agency (IREDA) and SJVN Green Energy inked a record financing agreement for Rs. 44.44 billion for a 1,000 MW solar power plant in Bikaner, Rajasthan.

The IREDA-funded project will link to Bikaner-400/220 II's KV substation (near Bikaner). Through a competitive bidding process based on VGF support, SJVN won the project through the CPSU Phase-II (Tranche III) Scheme tender published by IREDA for the development of Grid Connected Solar PV Power Project.

Through this kind of collaboration, IREDA will be able to assist the Indian government in reaching its goal of obtaining 50 per cent of its energy from non-fossil sources by the year 2030. Additionally, this collaboration will promote green investment and provide both direct and indirect job possibilities.

At the IREDA corporate headquarters, Pradipta Kumar Roy, DGM (IREDA), and S L Sharma, CEO (SGEL), signed the loan agreement with Pradip Kumar Das, CMD, IREDA, and Nand Lal Sharma, CMD, SJVN. Senior government officials including Dr R C Sharma, CFO, Debjani Bhatia, GM (TS), and Chintan Shah, Director (Technical), IREDA, also attended the event.

Also read:
India plans to commission 20 N-power plants by 2031
L&T wins orders from Vedanta for its hydrocarbon business


Indian Renewable Energy Development Agency (IREDA) and SJVN Green Energy inked a record financing agreement for Rs. 44.44 billion for a 1,000 MW solar power plant in Bikaner, Rajasthan. The IREDA-funded project will link to Bikaner-400/220 II's KV substation (near Bikaner). Through a competitive bidding process based on VGF support, SJVN won the project through the CPSU Phase-II (Tranche III) Scheme tender published by IREDA for the development of Grid Connected Solar PV Power Project. Through this kind of collaboration, IREDA will be able to assist the Indian government in reaching its goal of obtaining 50 per cent of its energy from non-fossil sources by the year 2030. Additionally, this collaboration will promote green investment and provide both direct and indirect job possibilities. At the IREDA corporate headquarters, Pradipta Kumar Roy, DGM (IREDA), and S L Sharma, CEO (SGEL), signed the loan agreement with Pradip Kumar Das, CMD, IREDA, and Nand Lal Sharma, CMD, SJVN. Senior government officials including Dr R C Sharma, CFO, Debjani Bhatia, GM (TS), and Chintan Shah, Director (Technical), IREDA, also attended the event. Also read: India plans to commission 20 N-power plants by 2031L&T wins orders from Vedanta for its hydrocarbon business

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?