Indian Renewable Energy Development Agency (IREDA)
On 19th January, 2021, the Cabinet Committee on Economic Affairs (CCEA) cleared a proposal for an equity infusion of Rs 1,500 crores in the state-owned Indian Renewable Energy Development Agency (IREDA).
Objective
- To improve its net worth which will help it in additional Renewable Energy (RE) financing, thereby contributing better to the Indian government targets for Renewable Energy.
- To improve the CRAR (capital-to-risk weighted assets ratio) in order to facilitate its lending as well as borrowing operations.
Impact
- Job Generation and CO2 Reduction: The fresh equity infusion will help in employment generation of approximately 10,200 jobs and CO2 equivalent emission reduction ....
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