IREDA inks MoU with Bank of Maharashtra for financing renewable energy projects

Updated: Sep 18 2023 10:12PM

New Delhi, Sep 18 (PTI) State-owned Indian Renewable Energy Development Agency (IREDA) on Monday inked an initial pact with Bank of Maharashtra to finance renewable energy projects.

The collaboration aims to promote and facilitate co-lending and loan syndication for a diverse spectrum of renewable energy projects across the nation, according to a statement.

"IREDA has signed a significant Memorandum of Understanding (MoU) with Bank of Maharashtra (BoM) today, September 18," the statement said.