Tata Cleantech Capital, IREDA tie up

Tata Cleantech Capital (TCCL) has signed an MoU with Indian Renewable Energy Development Agency (IREDA) to promote the cause of renewable energy in India. TCCL is a joint venture of Tata Capital and IFC Washington.The MoU was signed by Praveen P Kadle, Managing Director and CEO, Tata Capital, and KS Popli, CMD, IREDA. The scope of the MoU includes direct co-financing and co-underwriting besides consortium financing. Both the institutions aim to participate in consortium led by each other.