November 5, 2011 2:20 PM

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Uttarakhand, IREDA ink pact to build clean-energy projects

Uttarakhand has become the first state to have signed an agreement with the Indian Renewable Energy Development Agency Ltd (IREDA) to provide financial aid to the state at lower interest rates for the development of alternative and clean-energy projects.Managing Director of Uttarakhand Jal Vidyut Nigam Limited (UJVNL), GP Patel, told our Dehradun Correspondent that the department had chalked out a long-term plan to bring about new small, medium and big energy projects and renovate the old projects as well in the next 10 years, for which it would require 23,000 crore rupees.He said that they would work out the arrangement of finance from the state, Centre and IREDA.Mr. Patel claimed that the UJVNL would be in a position to sell power to other states in coming years and would have no debt or loan to pay anymore by then.

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