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IRCON, NIIFL and AYANA ink MoU to explore opportunities in solar energy sector

NIIFL and IRCON will evaluate strategic partnerships across infrastructure projects

IRCON International, Ircon, Miniratna (Category-I), Public sector enterprise, National Investment and Infrastructure Fund, NIIFL, Ayana Renewable Power, AYANA, Solar energy sector, Solar energy production, Indian Railways

Ircon International (IRCON), a Miniratna (Category-I) Schedule, a public sector enterprise has entered a memorandum of understanding (MoU) with the National Investment and Infrastructure Fund (NIIFL) and Ayana Renewable Power (AYANA), a NIIF platform company, to explore and collaborate on opportunities in the solar energy sector.

As per the MoU, NIIFL and IRCON will evaluate strategic partnerships across infrastructure projects and have agreed in-principle to identify, bid and execute solar energy projects through joint ventures/consortium arrangements.

The partnership will further consider suitable opportunities for solar energy production for the Indian Railways as they intend to increase the share of renewables in their overall energy mix

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June 2020
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