IREDA inks MoU with TANGEDCO for renewable energy projects
POWER & RENEWABLE ENERGY

IREDA inks MoU with TANGEDCO for renewable energy projects

On Monday, IREDA told the media that it has entered into a pact with TANGEDCO for rendering technical expertise in renewable energy projects development and fundraising.

Pradip Kumar Das, IREDA Chairman and Managing Director (CMD) and Rajesh Lakhoni, TANGEDCO CMD, signed the MoU in the presence of Tamil Nadu Chief Minister M K Stalin.

The Indian Renewable Energy Development Agency Ltd (IREDA), in a statement, said that it entered into a pact with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) for rendering its technical expertise in growing Renewable Energy projects and raising funds.

Under the MoU, IREDA will render its technical expertise to TANGEDCO for bid process management, renewable energy project development, and implementation support.

Additionally, IREDA will help TANGEDCO in debt raising via underwriting services for the offered debt requirement, developing financial models and carrying out roadshows and pre-market surveys to create interest amongst prospective investors.

IREDA CMD told the media that the MoU highlights their constant efforts in renewable energy sector development in line with the Prime Minister's vision of Aatmanirbhar Bharat.

It will promote knowledge sharing and render consultancy services, which will add to driving sustainable development of the nation. They look forward to providing their consultancy services to other state governments and developing the renewable energy sector. There are immense opportunities for the development of the renewable energy sector in Tamil Nadu.

TANGEDCO is aiming for 20,000 MW of solar power projects, with sufficient battery storage, 3,000 MW of pumped storage hydroelectric projects, and 2,000 MW of gas-based power plants for effective renewable integration.

Image Source

Also read: India's solar capacity rose to 251% with 4,578 MW installations in 1H

On Monday, IREDA told the media that it has entered into a pact with TANGEDCO for rendering technical expertise in renewable energy projects development and fundraising.Pradip Kumar Das, IREDA Chairman and Managing Director (CMD) and Rajesh Lakhoni, TANGEDCO CMD, signed the MoU in the presence of Tamil Nadu Chief Minister M K Stalin.The Indian Renewable Energy Development Agency Ltd (IREDA), in a statement, said that it entered into a pact with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) for rendering its technical expertise in growing Renewable Energy projects and raising funds.Under the MoU, IREDA will render its technical expertise to TANGEDCO for bid process management, renewable energy project development, and implementation support.Additionally, IREDA will help TANGEDCO in debt raising via underwriting services for the offered debt requirement, developing financial models and carrying out roadshows and pre-market surveys to create interest amongst prospective investors.IREDA CMD told the media that the MoU highlights their constant efforts in renewable energy sector development in line with the Prime Minister's vision of Aatmanirbhar Bharat.It will promote knowledge sharing and render consultancy services, which will add to driving sustainable development of the nation. They look forward to providing their consultancy services to other state governments and developing the renewable energy sector. There are immense opportunities for the development of the renewable energy sector in Tamil Nadu.TANGEDCO is aiming for 20,000 MW of solar power projects, with sufficient battery storage, 3,000 MW of pumped storage hydroelectric projects, and 2,000 MW of gas-based power plants for effective renewable integration.Image SourceAlso read: India's solar capacity rose to 251% with 4,578 MW installations in 1H

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code