Indian Renewable Energy Development Agency Ltd. (IREDA) has published a revised refinance scheme under the support of The National Clean Energy Fund (NCEF) elaborating about the revival of the operations of existing biomass power & small hydro power projects affected due to unforeseen circumstances.
Overview of IREDA NCEF Refinance Scheme
|Name||IREDA NCEF Refinance Scheme|
|Revised version of||National Clean Energy Fund (NCEF)|
|Published by||Indian Renewable Energy Development Agency Ltd. (IREDA)|
|Launched by||Government of India|
|Objective||providing low cost refinancing to scheduled commercial banks and financial institutions who are in the business of financing existing biomass power & small hydro power projects.|
|Sector||Central sector scheme|
Objective and Benefits of IREDA NCEF Refinance Scheme
The scheme aims to revive the operations of the existing biomass power & small hydro power projects by bringing down the cost of funds for these projects by providing refinance at concessional rates of interest, with funds sourced from the National Clean Energy Fund (NCEF).