IREDA shares surge 5% on green energy financing pact with Indian Overseas Bank
The MoU also includes provisions for co-lending and co-origination support for all renewable energy projects, says the company.
The MoU also includes provisions for co-lending and co-origination support for all renewable energy projects, says the company.
According to the cement major, it is planning to set up a 600 MW solar power project and 150 MW wind power project, respectively, in Gujarat and a 250 MW solar power project in Rajasthan.
The company this week announced its 50th renewable energy project in India - its seventh utility-scale project - a 198-megawatt (MW) wind farm in Osmanabad, Maharashtra.
The IBRD loan is worth $150 million, the CTF loan is worth $28 million, and CTF grant is worth $22 million.