IGGEFIL Sanctions First International Loan for Zambia Solar Project

IREDA Global Green Energy Finance IFSC (IGGEFIL), a subsidiary of the Indian Renewable Energy Development Agency (IREDA), approved its first international loan of USD 22.5 million to Swarna Solar Limited for a 100 MW photovoltaic solar power plant in Zambia's Serenje District. This milestone marks IGGEFIL's expansion into global green energy financing, supporting renewable energy development beyond India. IREDA operates under the Ministry of New and Renewable Energy to promote clean energy projects and efficiency.