IREDA and THDCIL Sign Memorandum of Understanding (MoU) for Green Energy collaborations

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04 December 2021 Current Affairs:The Indian Renewable Energy Development Agency (IREDA) has signed a deal with THDC India Ltd (THDCIL) to provide technical and financial assistance in the development of renewable energy projects. Both parties have agreed to this in a Memorandum of Understanding (MoU).

Highlights:
♦According to the agreement, IREDA will conduct techno-financial due diligence on renewable energy, energy efficiency, and conservation projects for THDCIL.
♦IREDA will also support THDCIL in drafting a five-year action plan for developing and acquiring renewable energy projects, according to the release.
♦IREDA will also provide THDCIL with its techno-commercial experience for environmental and social (E&S) due diligence on RE projects in accordance with internationally established standards.
♦This MoU will assist THDCIL in expanding its renewable energy footprint, which already includes a portfolio of solar and wind energy projects in addition to hydro and thermal
 

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