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Which of the following company has signed an Memorandum of Understanding (MOU) with Indian Renewable Energy Development Agency Ltd. (IREDA) to set-up a rooftop solar power project?

Which of the following company has signed an Memorandum of Understanding (MOU) with Indian Renewable Energy Development Agency Ltd. (IREDA) to set-up a rooftop solar power project? Correct Answer Goa Shipyard Limited

The correct answer is Goa Shipyard Limited.

Key Points

  • Indian Renewable Energy Development Agency Ltd. (IREDA) signed the MoU, in Jan 2022, to provide its techno-financial expertise to set up a rooftop solar power project.
  • The 2 companies are PSUs under the Ministry of New and Renewable Energy and the Ministry of Defence, respectively.
  • IREDA will help GSL to set up a rooftop solar power project at its headquarter situated in Vasco da Gama, Goa.

Additional Information​ 

  • The Union Cabinet has approved the infusion of ₹1,500 crores in the Indian Renewable Energy Development Agency Limited (IREDA).
  • The Indian Renewable Energy Development Agency Ltd. (IREDA) has launched a ‘Whistle-blower Portal’ as a part of the celebration of ‘Vigilance Awareness Week 2021’.
  • The Indian Renewable Energy Development Agency Ltd (IREDA) has entered into a pact with THDC India Ltd (THDCIL).
  • The Ministry of New and Renewable Energy (MNRE) is headed by Union Cabinet Minister Raj Kumar Singh.
  • The Indian Renewable Energy Development Agency Ltd (IREDA)​ is a Public Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing, and extending financial assistance for setting up projects.
  • 'ENERGY FOR EVER' is the motto of IREDA.
    • IREDA CMD: Shri Pradip Kumar Das (As of Jan 2022).
    • IREDA Headquarters: New Delhi;
    • IREDA Founded: 11 March 1987.

Related Questions

Consider the following statements regarding the promotion of solar energy in India.
1. The Ministry of New and Renewable Energy (MNRE) have initiated schemes and incentives like subsidy, easy loan, concessional duty on raw material imports, excise duty exemption on certain devices/systems, etc. to encourage and use of solar energy systems.
2. The Indian Renewable Energy Development Agency (IREDA) provides financial help for the purchases of PV (Photo Voltaic) systems.
3. Government is planning to setup 10 million square meter solar collector area by 2022.
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