IREDA urged to develop a strategy for project financing.
POWER & RENEWABLE ENERGY

IREDA urged to develop a strategy for project financing.

The secretary of the Ministry of New and Renewable Energy (MNRE), Bhupinder Singh Bhalla, has urged the Indian Renewable Energy Development Agency (IREDA) to develop a strategy for financing projects utilising renewable energy.

By 2030, the central government intends to have 500 GW of capacity for non-fossil fuel.

The ministry said in a release that the secretary had promised MNRE's full support and guidance regarding the difficulties the company is having in meeting the enormous demand for funding for the RE sector.

"The Secretary of MNRE commended IREDA for lowering the net NPA (non-performing assets) from 5.61 per cent to 2.72 per cent in just one and a half years. According to the press release, "He advised IREDA to devise a suitable mechanism for funding Rooftop Solar, PM-KUSUM, and other renewable energy technologies."

India's commitment to reducing greenhouse gas emissions and eventually reaching net zero

The secretary of the Ministry of New and Renewable Energy (MNRE), Bhupinder Singh Bhalla, has urged the Indian Renewable Energy Development Agency (IREDA) to develop a strategy for financing projects utilising renewable energy. By 2030, the central government intends to have 500 GW of capacity for non-fossil fuel. The ministry said in a release that the secretary had promised MNRE's full support and guidance regarding the difficulties the company is having in meeting the enormous demand for funding for the RE sector. The Secretary of MNRE commended IREDA for lowering the net NPA (non-performing assets) from 5.61 per cent to 2.72 per cent in just one and a half years. According to the press release, He advised IREDA to devise a suitable mechanism for funding Rooftop Solar, PM-KUSUM, and other renewable energy technologies. India's commitment to reducing greenhouse gas emissions and eventually reaching net zero

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back