On January 8, 2021, Indian Renewable Energy Development Agency Ltd (IREDA)virtually signed a Memorandum of Understanding (MoU) with NHPC Limited (formerly known as National Hydroelectric Power Corporation), to provide its technical expertise for developing renewable energy projects for the next 5 years.
i.The agreement was signed virtually by Pradip Kumar Das, Chairman cum Managing Director (CMD), IREDA & Abhay Kumar Singh, CMD of NHPC Ltd.
ii.As part of the Agreement, IREDA will undertake Techno-Financial due diligence (identification of suitable technology for particular project sites) of Renewable energy and Energy Efficiency & conservation projects for NHPC.
iii.The MoU will facilitate knowledge & technology transfer between the two organizations.
iv.It will also provide consultancy & research services which will contribute to the sustainable development of the country.
v.In December, 2020, IREDA had signed a MoU with SJVN for developing its renewable energy sector.
IREDA & NHPC Ltd:
i.IREDA is also a Mini Ratna (Category- I) Government of India Enterprise under the administrative control of the Ministry of New & Renewable Energy (MNRE).
ii.NHPC Ltd is a Mini Ratna (Category-I) Enterprise of Government of India Enterprise under the Ministry of Power.
Recent Related News:
i.On December 7, 2020, SJVN Limited signed a Memorandum of Understanding (MoU) with Indian Renewable Energy Development Agency Limited (IREDA) for Green Energy Projects through virtual mode.
About Indian Renewable Energy Development Agency Limited (IREDA):
Chairman & Managing Director (CMD) – Pradip Kumar Das
Headquarters – New Delhi
About NHPC Ltd:
CMD – Abhay Kumar Singh
Headquarters – Faridabad, Haryana