IREDA is financing RE manufacturing at competitive interest rates
Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned Rs.14,445 crore for 422 Renewable Energy (RE) projects in Maharashtra out of Rs.120,946 crore loan for implementing such projects across all states, its CMD Pradip Kumar Das said at a Pune workshop on 20 May 2022.
Elaborating, he said the company has disbursed Rs.10,018 crores in Maharashtra out of a total loan disbursement of Rs.79,446 crores.
In Maharashtra, IREDA sanctioned loan of Rs.2,564 crores for 12 RE project accounts and disbursed Rs.1,362 crores during FY 2021-22, Das said at the workshop on “Greening India Through Renewables”.
The Government has set an ambitious target of 500 GW of non-fossil energy capacity by 2030, and Maharashtra can contribute significantly to this goal by utilising its green energy potential, Das told participants at the workshop conducted by IREDA in association with the Mahratta Chamber of Commerce Industries and Agriculture (MCCAI).
IREDA Director (Technical) Chintan Shah highlighted that India can transform the landscape of RE sector by creating an ecosystem for RE manufacturing and storage manufacturing.
Apart from other RE sectors, IREDA is also financing RE manufacturing at competitive interest rates. This will boost the domestic manufacturing sector, he added.
MCCAI Director General Prashant Girbane underlined that greening India through Renewables is very important for energy cost reduction as well as the creation of job opportunities. fiinews.com
