Ireda Ltd.
 
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                      Frequently Asked Questions
Q1

Q1.

What is the sectoral eligibility for availing loan?

Ans.

Biomass Power:

The direct combustion power projects having capacity of 1 to 10 MW with minimum steam generation pressure of 63 Kg. / Cm2  are eligible. However the IREDA loan will be restricted to 7.5  MW Capacity.

 

Biomass Cogeneration:

- Small scale Cogeneration Projects (except sugar industries ) up to 7.5 MW installed  capacity with steam generation pressure of 63 Kg. / Cm2  are eligible.

- The projects having above 7.5 MW installed capacity (both for sugar and non-sugar industry) with steam generation pressure of 63 Kg. / Cm2  are eligible.

 -  IREDA also has additional / bridge loan scheme for SDF supported Bagasse based Cogeneration projects in addition to its normal scheme for term loan.

Q2.

Is DPR required to be prepared by a reputed consultant?

Ans.

Yes, Consultants, who are involving in the power sector, are preferred.

Q3.

What are the appraisal requirements?

Ans.

Project should have been registered with IREDA. Detailed project report along with cost estimates and other relevant information & clarifications as requested by IREDA should have been submitted / clarified.

Q4.

What are the eligibility requirements for availing loan?

Ans.

For Eligibility Requirements please refer to the General Eligibility Conditions of IREDA’s Financial Guidelines.

Q5.

What is the Security that is required to be furnished?

Ans.

For Security Requirements please refer to Security (Project Financing Scheme) of IREDA’s Financial Guidelines.

Q6.

How much time does it take for the loan to get sanctioned?

Ans.

Normally, IREDA sanctions a project within 90 days of registration of the same, provided complete details / papers are submitted by the applicant and the project is found viable from technical, financial and legal point of view.

Q7.

Who are the Suppliers / Consultants?

Ans.

Click Here for the List…

Q8.

What is the capacity limitation?

Ans.

Biomass Power:

1 to 10 MW (However, IREDA loan will be restricted to 7.5 MW Capacity.

 

Biomass Cogeneration:

-          For Sugar Industry: above 7.5 MW