Indian Renewable Energy Development Agency Ltd. (IREDA) And Punjab National Bank (PNB) Sign MoU To Co-Finance Renewable Energy Projects

  • IREDA and PNB have signed a Memorandum of Understanding (MoU) to advance renewable energy initiatives. 
  • The MoU includes joint lending, loan syndication and underwriting, management of Trust and Retention Account (TRA) for IREDA borrowers, and working towards competitive sanction terms. 
  • The collaboration allows IREDA and PNB to invest in bonds issued by either organization. 
  • The MoU strengthens IREDA’s successful partnerships with other financial institutions, including Bank of Baroda, Union Bank of India, Bank of India, India Infrastructure Finance Company Limited, Bank of Maharashtra, and Indian Overseas Bank.
Posted in Current Affairs.