: IREDA & SJVN sign pact for Green Energy Projects #FinanceIndia #StockMarketNEWS IREDA & SJVN sign pact for Green Energy Projects New Delhi, Dec 8 (KNN) Indian Renewable Energy Development Agency Ltd.

@StockMarketNEWS Wed 09 Dec, 2020

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IREDA & SJVN sign pact for Green Energy Projects #FinanceIndia #StockMarketNEWS
IREDA & SJVN sign pact for Green Energy Projects New Delhi, Dec 8 (KNN) Indian Renewable Energy Development Agency Ltd. (IREDA) has entered into an MoU with SJVN Limited- a public sector undertaking under Ministry of Power, to provide technical assistance to SJVN for Green Energy projects.

The MoU was signed by Nand Lal Sharma, CMD, SJVN and Pradip Kumar Das, CMD, IREDA in the presence of Akhileshwar Singh, Director (Finance), SJVN, Surinder Pal Bansal, Director (Civil), SJVN, Chintan Shah, Director (Technical), IREDA, and other senior officials on Monday through virtual mode.

On the occasion Nand Lal Sharma, Chairman & Managing Director told that as per MoU, IREDA will undertake Techno-Financial due diligence of Renewable Energy, Energy Efficiency & Conservation Projects for SJVN.

Under the MoU, IREDA will also assist SJVN in developing an action plan to create and acquire Renewable Energy projects for the next 5 years. Sh. Sharma said that, SJVN is committed to contribute in realizing the renewable energy target of 175 GW by 2022 set by Hon’ble Prime Minister.

The steps in this direction has already been taken and presently SJVN is developing 100 MW Dholera Solar Power Project & 100 MW Raghanseda Solar Power Project in Gujarat. He also emphasised that partnership of SJVN & IREDA will be long lasting and fruitful for both.

While signing the MoU, Pradip Kumar Das, CMD, IREDA said: “The MoU highlights IREDA’s continuous efforts for the development of Renewable Energy sector in line Hon’ble Prime Minister’s vision of Aatmanirbhar Bharat.

This is a transformational opportunity for IREDA and SJVN to work together forming a perfect synergy between both the organisation. It will also serve to facilitate knowledge and technology transfer and provide consultancy & research services, which will contribute to driving sustainable development of the country.

We look forward to extending our consultancy services to other PSUs as well as private organisations for the development of Renewable Energy Sector.”