IREDA and NEEPCO sign MoU to develop RE projects

Indian Renewable Energy Development Agency (IREDA) has entered into a memorandum of understanding (MoU) with North Eastern Electric Power Corporation (NEEPCO) to assist in developing renewable energy (RE) projects and raising funds.

IREDA will support North Eastern Electric Power Corporation (NEEPCO) to develop an action plan to acquire and set upRE projects for the next fiveyears.IREDA will also undertake techno-financial due diligence of RE and energy efficiency and conservation projects for NEEPCO. The MoU is expected to contribute in achieving the government’s target of reducing carbon emission to 33 per cent, by 2030.

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