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IREDA and others sign agreements to finance access to clean energy

By IndianMandarins- 23 Dec 2022
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New Delhi (23.12.2022): Indian Renewable Energy Development Agency Ltd (IREDA) has signed a loan agreement with KFW namely, KFW VI line of credit for financing ‘Access to Clean Energy Projects’ meant for decentralized solar applications. The total sanctioned amount of the agreement is EUR 20 million. The entire amount has been utilized as of March 30, 2022.
Energy Efficiency Services Ltd (EESL) has signed loan agreements from the multilateral agency – ADB and bilateral agency – KfW, for Decentralized Solar and Electric Mobility. The total sanctioned amount of ADB’s loan for ‘Decentralized Solar, Electric Mobility and Smart Meters’ is $296 million. As of November 30, 2022, $73 million has been utilized for the programme. The total sanctioned amount for KfW’s loan of ‘Decentralized Solar and lighting’ is Euro 200 million. As of November 30, 2022, Euro 9 million has been utilized for the programme.

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