IREDA has entered into an agreement with IOB for co-finance and loan syndication for renewable energy projects in the country. The MoU (Memorandum of Understanding) was signed by Dr. RC Sharma, General Manager, IREDA and Ajay Kumar Srivastava, General Manager and CEO, IOB, at IREDA’s Business Center on January 16, 2024 in New Delhi.
Benefits from the agreement:
The agreement between Indian Renewable Energy Development Agency Limited (IREDA) and Indian Overseas Bank (IOB) has created a platform for joint lending (co-lending) for renewable energy projects. The agreement between the two will also strengthen collaborative efforts in loan syndication.
The strategic partnership between…
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Source: https://utkarsh.com/current-affairs/ireda-and-iob-ink-mou-to-co-finance-renewable-energy-projects