IREDA sign pact to finance renewable energy projects

New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA), PTC India Ltd and PTC India Financial Services Ltd have entered into a memorandum of understanding to provide services for both fee-based and fund-based activities involving renewable energy projects.

Through the MoU, which is valid for three years, participants will provide solutions to promoters to help them meet project equity, debt and power off-take and marketing requirements, an official release said.