Business Daily from THE HINDU group of publications
Wednesday, Mar 26, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Mar 26, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Alliances & Joint Ventures Industry & Economy - Power Power Finance, IREDA sign pact Our Bureau New Delhi, March 25 Power Finance Corporation Ltd (PFC) and Indian Renewable Energy Development Agency Ltd (IREDA) on Tuesday signed a memorandum of understanding (MoU) for undertaking joint financing of renewable energy, energy efficiency and conservation, and medium and large hydro projects. The pact was signed by Mr Shyam Wadhera, Director-Projects, PFC, and Mr Debashish Majumdar, Chairman and Managing Director, IREDA. “PFC and IREDA shall cooperate to leverage their respective strengths and competencies built over the years for facilitating financing of these sectors for mutual benefit,” a PFC statement said. At present, the installed capacity of electric power from renewable energy sources in the country is 10,209 MW. More Stories on : Alliances & Joint Ventures | Power
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