Daily Current Affairs 2020 IREDA signs MoU with MNRE, setting key targets for year 2020-21 | Daily Current Affairs 2020

IREDA signs MoU with MNRE, setting key targets for year 2020-21

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Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), for setting key targets for the year 2020-21. The MOU was signed by MNRE Secretary, Indu Shekhar Chaturvedi and IREDA CMD, Pradip Kumar Das yesterday.
 
The government has set a revenue target of 2,406 crore rupees under ‘Excellent’ rating along with various performance-related parameters such as Operating Profit as percentage of Revenue from Operation, PAT (profit after tax) as a percentage of Average Net worth, Loan disbursement, Overdue loan etc.
 
IREDA as on today, has financed more than 2700 renewable energy projects in India with cumulative loan disbursements to the tune of 57,000 crore rupees, and has supported green power capacity addition of 17,259 MW in the country.

Source: News On Air

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