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IREDA signs MoU with NHPC Ltd to develop Renewable Energy Projects

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ireda to support nhpc in green energy projects for 5 yearsOn 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