IREDA Sanctions Rs 14,445 Crore Loan For 422 Renewable Energy Projects In Maharashtra

by India Infrahub - May 23, 2022 05:57 PM +05:30 IST
IREDA Sanctions Rs 14,445 Crore Loan For 422 Renewable Energy Projects In MaharashtraA hybrid solar-wind power plant (IRENA)

The Indian Renewable Energy Development Agency Limited (IREDA), out of a total loan of Rs 1,20,946 crore, has sanctioned Rs 14,445 crores for 422 Renewable Energy (RE) projects in Maharashtra.

The company has disbursed Rs 10,018 crores in Maharashtra out of a total loan disbursement of Rs 79,446 crores.

During FY 2021-22, in Maharashtra, IREDA sanctioned a loan of Rs 2,564 crores for 12 RE projects and disbursed Rs 1,362 crores.

Pradip Kumar Das, CMD, IREDA, gave this information in a ‘Greening India Through Renewables’ workshop conducted in Pune.

In his keynote address, Pradip Kumar Das urged Maharashtra’s industry leaders to invest in the RE projects, which are not only generating clean energy but also reducing CO2 emissions and improving quality of life.

He added that Prime Minister Narendra Modi had set an ambitious target of 500 GW of non-fossil energy capacity by 2030, and Maharashtra can contribute significantly to this goal by utilising its green energy potential.

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.

Latest Articles

    Artboard 4Created with Sketch.