IREDA

Subsidiary IGGEFIL Sanctions Its First International Green Energy Loan

IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), a wholly owned subsidiary of Indian Renewable Energy Development Agency Limited (IREDA), has sanctioned its first international green energy loan of USD 22.5 million to Swarna Solar Limited (SSL) for the development of a 100 MW Photovoltaic Solar Power Plant in Serenje District, Central Province, Zambia. This milestone marks IGGEFIL's entry into global green financing, supporting sustainable energy projects beyond India. Shri Pradip Kumar Das, CMD of IREDA and Chairman of IGGEFIL, highlighted this achievement as a significant step towards advancing India’s leadership in global renewable energy development, leveraging international capital through its presence at GIFT City.