In recent years, IREDA has been actively involved in partnerships with various central and state agencies as well as financial institutions to leverage its techno-financial expertise for the development of the renewable energy sector
Indian Renewable Energy Development Agency Ltd. (IREDA) signed Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB). These agreements will aid IREDA in collaborating with UBI and BoB, in co-lending and loan syndication for a wide range of renewable energy projects, including both established and emerging RE technologies.
CMD of IREDA, Pradip Kumar Das said, "Both Union Bank of India and Bank of Baroda have an extensive nationwide presence with a vast network of branches. This collaboration aims to extend our reach, particularly in tier-2 & tier-3 cities and rural areas, enabling us to provide unique and innovative financial support to existing and new customers."
He added, "We are confident that by combining our strengths and resources, we will continue to serve our customers in alignment with the vision of the prime minister for Atmanirbhar Bharat and sustainable growth."
In recent years, IREDA has been actively involved in partnerships with various central and state agencies as well as financial institutions to leverage its techno-financial expertise for the development of the renewable energy sector.
The MoU with Union Bank of India was formally inked by general manager (technical services), IREDA, Bharat Singh Rajput and general manager (large corporate vertical), UBI, Dhirendra Jain. Chairman and managing director of IREDA, Pradip Kumar Das; managing director and ceo of UBI, A. Manimekhalai and other senior officials were also present.