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In September 2021, which of the following signed an MoU with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) to provide its technical expertise in developing renewable energy projects and fundraising?

In September 2021, which of the following signed an MoU with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) to provide its technical expertise in developing renewable energy projects and fundraising? Correct Answer Indian Renewable Energy Development Agency Ltd.

The correct answer is Indian Renewable Energy Development Agency Ltd.

Key Points

  • Indian Renewable Energy Development Agency Ltd. (IREDA) signed an MoU with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) on 6 September 2021.
  • It has been signed for providing IREDA's technical expertise in developing renewable energy projects and fundraising.
  • TANGEDCO is planning for 20,000 MW of solar power project, with adequate battery storage.

Important Points

  • ​IREDA will also assist TANGEDCO in debt raising through developing financial models, underwriting services for the proposed debt requirement, and conducting pre-market surveys.
  • It will facilitate knowledge sharing and provide consultancy services, which will contribute to driving sustainable development of the country.

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