Pradipta Kumar Roy, DGM (IREDA), and S L Sharma, CEO (SGEL), signed the loan agreement in the presence of Pradip Kumar Das, CMD, IREDA, and Nand Lal Sharma, CMD, SJVN, at the corporate office of IREDA.
Pradipta Kumar Roy, DGM (IREDA), and S L Sharma, CEO (SGEL), signed the loan agreement in the presence of Pradip Kumar Das, CMD, IREDA, and Nand Lal Sharma, CMD, SJVN, at the corporate office of IREDA.
Das said in the statement, “We are pleased to sanction IREDA’s highest loan amount to SGEL for development of 1,000 MW solar project. We will be able to support government of India to achieve its targets of 50 per cent share of energy from non-fossil fuels by 2030 through this kind of cooperation. Also, this partnership will encourage green investment and generate both direct and indirect employment opportunities.”
The IREDA funded project will connect to 400/220 KV substation Bikaner-II (near Bikaner). SJVN has bagged the project through the tender floated by IREDA under the CPSU Phase-II (Tranche III) Scheme for development of grid-connected solar PV power project through competitive bidding process based onVGF(viability gap funding) support.