Lok Sabha Question No. 4022 (UNSTARRED), answered on 2015-08-13
Subject: IREDA Loans
Ministry: NEW AND RENEWABLE ENERGY
Asked by: J.C. DIVAKAR REDDY

## LOK SABHA UNSTARRED QUESTION NO. 4022 TO BE ANSWERED ON 13-08-2015

## IREDA Loans

| QUESTION                                                                                                                                                                                                                                                                                                                                                 | ANSWER                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| SHRI J. C. DIVAKAR REDDY                                                                                                                                                                                                                                                                                                                                 | SHRI PIYUSH GOYAL, MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE)                                                                                                                                                                                                                                                                                                                                                                    |
| Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (a) : whether the Indian Renewable Energy Development Agency (IREDA) has determined that ten years period is required to clear the loans taken by the developers after power purchase prices guidelines were adopted, if so, the details thereof; and (b) : the extent to which this decision affects the developers in paying the loan amount to IREDA? | (a) & (b) : Indian Renewable Energy Development Agency (IREDA), for its term loan provides repayment period upto 15 year, besides grace period of 6 months to 01 year from the date of Commercial Operation Date (COD) of the project. However, the repayment period varies from project to project and it is based on the expected cash flows of the project. The increased repayment period improves the overall viability of the project and serviceability of loan. |

## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA UNSTARRED QUESTION NO. 4022

TO BE ANSWERED ON 13.08.2015

## IREDA LOANS

## 4022.  SHRI J. C. DIVAKAR REDDY:

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:

(a) whether the Indian Renewable Energy Development Agency (IREDA) has determined that ten years period is required to clear the loans taken by the developers after power purchase prices guidelines were adopted, if so, the details thereof; and

(b) the  extent  to  which  this  decision  affects  the  developers  in  paying  the  loan  amount  to IREDA?

## ANSWER

THE MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE) (SHRI PIYUSH GOYAL)

(a)&(b): Indian  Renewable  Energy  Development  Agency  (IREDA),  for  its  term  loan provides repayment period upto 15 year, besides grace period of 6 months to 01 year from the date of Commercial Operation Date (COD) of the project. However, the repayment period varies from project  to  project  and  it  is  based  on  the  expected  cash  flows  of  the  project.  The  increased repayment period improves the overall viability of the project and serviceability of loan.

****