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With Government’ Support Ireda to Boost Clean Energy in India
June 15, 2017
The Indian Renewable Energy Development Agency’s (Ireda) has received approval from the Cabinet Committee on Economic Affairs to float an IPO of its shares which will allow it to release fresh equity shares worth Rs. 13.9 crore at the price of Rs. 10 each. This will help the agency to raise more debt resources and use the capital for building its renewable energy projects.
KS Popli, Ireda managing director, and chairman, said in March that the agency plans to approve credit worth Rs 13,000 crore for clean energy projects in the financial year 2017-18, which would make for about 20% of the renewable energy financing market.
