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IREDA Sanctions Rs 11.34bn Loan to Insolation Green Energy

The government-backed Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned a loan of Rs 11.34 million to Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd, for financing the new manufacturing facility of 4.5 GW solar cell manufacturing being set up at Plot No-P-4, Manufacturing Zone for Power and Renewable, Mohasa Babai, Makhan Nagar, Narmadapuram - 461661, Madhya Pradesh.

The total project cost is approximately Rs 15.12 million, out of which Rs 11.34 million are sanctioned by Indian Renewable Energy Development Agency Limited (IREDA), and the remaining Rs 3.78 million will be funded by internal accruals of the company.

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