RENEWABLE ENERGY

IREDA signs pact with BVFCL renewable energy projects

State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday signed a pact with Brahmaputra Valley Fertilizer Corporation (BVFCL) to provide its techno-financial expertise in developing renewable energy projects and fundraising.

Under the memorandum of understanding (MoU), IREDA will undertake techno-financial due diligence of renewable energy, green hydrogen, green ammonia, energy efficiency and conservation projects for BVFCL.

“Indian Renewable Energy Development Agency Ltd today (on Tuesday) signed a memorandum of understanding (MoU) with Brahmaputra Valley Fertilizer Corporation Ltd for providing its techno-financial expertise in developing renewable energy projects and fundraising,” the company said in a statement.

IREDA and BVFCL are public sector undertakings under the Ministry of New & Renewable Energy and the Ministry of Chemicals & Fertilizers, respectively.

The MoU was signed by IREDA Chairman and Managing Director Pradip Kumar Das and BVFCL Chairman and Managing Director Siba Prasad Mohanty.

IREDA will assist BVFCL in developing an action plan to create and acquire renewable energy projects for the next five years.

Source
ET Energy World
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