Indian Renewable Energy Development Agency (IREDA) has signed an agreement with North Eastern Electric Power Corporation (NEEPCO) to assist in developing renewable projects and raising funds. Under the memorandum of understanding (MoU), IREDA will undertake techno-financial due diligence of renewable energy and energy efficiency and conservation projects for NEEPCO. In addition, IREDA will assist NEEPCO in developing an action plan to create and acquire renewable energy projects for the next five years.
“By signing the MoU, IREDA will continue to enhance the cooperation and coordination with NEEPCO, working together to promote further progress on renewable energy development and addressing climate change,” said IREDA Chair and Managing Director Pradip Kumar Das.
Headquartered in Shillong, India, NEEPCO plans, investigates, designs, constructs, generates, operates, and maintains power stations in the North Eastern Region of India. NEEPCO operates seven hydro power stations, three thermal power stations, and one solar power station with a combined installed capacity of 2057 MW.