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Who has signed an agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) to provide loans for green energy projects?
A)
REC
B)
IREDA
C)
EESL
D)
IIFCL

Correct Answer : Option (B) - IREDA


Indian Renewable Energy Development Agency Ltd (IREDA) has signed an agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) to provide loans for green energy projects.
 
MAHAPREIT is a wholly owned subsidiary of Mahatma Phule Backward Classes Development Corporation (MPBCDC), which is 49 per cent owned by the Government of India and 51 per cent owned by the Government of Maharashtra.
 
An MoU between the two organisations was signed in this regard on Sunday(21st Aug 2022).
 
In accordance with the MoU, IREDA will offer financing facilities to MAHAPREIT for the Renewable Energy projects to be implemented for state utilities, local bodies and the infrastructure of Renewable Energy Parks, according to an official statement released by the Ministry of New and Renewable Energy.
 
The MoU was signed by Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA and Bipin Shrimali, CMD, MAHAPREIT. Under this collaboration, IREDA will also undertake Techno-Financial due diligence of Renewable Energy and Energy Efficiency & Conservation projects for MAHAPREIT..

Source : The Print

Published On : August 23, 2022
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