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Union Cabinet okays Rs 1,500 cr infusion in IREDA

Wednesday, 19 Jan 2022
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The Central government has decided to infuse Rs 1,500 crore in the Indian Renewable Energy Development Agency (IREDA), raising its lending capacity to Rs 12,000 crore.

A proposal in this regard was approved by the Cabinet Committee on Economic Affairs (CCEA).

The infusion of Rs 1,500 crore will enable IREDA to lend Rs 12,000 crore to the renewable sector.

The Cabinet decision will help IREDA to create renewable energy capacity of 3,500 to 4,000 MWa.

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