Latest News | IREDA to Assist NEEPCO in Developing Renewable Energy Projects

New Delhi, Oct 2 (PTI) Indian Renewable Energy Development Agency (IREDA) on Saturday inked an MoU with North Eastern Electric Power Corporation to assist in developing renewable projects and raising funds.

Under the Memorandum of Understanding (MoU), IREDA will undertake techno-financial due diligence of renewable energy and energy efficiency & conservation projects for NEEPCO, IREDA said in a statement.

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IREDA will assist North Eastern Electric Power Corporation (NEEPCO) in developing an action plan to create and acquire renewable energy projects for the next 5 years.

IREDA Chairman & Managing Director Pradip Kumar Das said the MoU will contribute in achieving the government's target of reducing carbon emission to 33 per cent by 2030.

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"By signing the MoU, IREDA will continue to enhance the cooperation and coordination with NEEPCO, working together to promote further progress on renewable energy development and addressing climate change," Das said.

Earlier, IREDA has signed MoUs with SJVN, NHPC and TANGEDCO.

The company is looking forward to extending its consultancy and advisory services to other PSUs as well as private organisations for the development of renewable energy sector.

IREDA and NEEPCO are under Ministry of New & Renewable Energy and Ministry of Power, respectively.

The MoU was signed by Pradip Kumar Das, CMD, IREDA and Vinod Kumar Singh, CMD, NEEPCO.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)