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How much amount of Capital Infusion has been approved by the Cabinet of Indian Renewable Energy Development Agency Limited (IREDA) in 2022?
A)
Rs 1,500 crore
B)
Rs 2,000 crore
C)
Rs 2,500 crore
D)
Rs 2,500 crore

Correct Answer : Option (A) - Rs 1,500 crore


The government on Wednesday(19th Jan 2022) approved the equity infusion of Rs 1,500 crore in Indian Renewable Energy Development Agency (IREDA) to enable it to lend Rs 12,000 crore to green energy projects.
 
IREDA, a mini ratna company under the administrative control of the new and renewable energy ministry was set up in 1987 to work as a specialised non-banking finance agency for the renewable energy sector.
 
The equity infusion, approved by the Cabinet Committee on Economic Affairs, will enable IREDA to facilitate the debt requirement of additional renewable energy generation capacity of about 3,500-4,000 Mw, an official statement said.
 
This will help in employment generation of nearly 10,200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2/year, it said.

Source : Economic Times

Published On : January 20, 2022
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