The MoU was signed by KS Popli, Chairman & Managing Director IREDA, and Fred P Hochberg, Chairman and President, Export-Import Bank of the United States in the presence of Upendra Tripathi, Secretary, Ministry of New and Renewable Energy (MNRE), and other senior officials from MNRE, IREDA and US-Exim Bank.

IREDA ,a Central Public Sector Undertaking functioning under the administrative control of Ministry of New and Renewable Energy (MNRE), Government of India, is a developmental financial institution in the field of Renewable Energy and provides financial assistance in the form of term loans to the eligible project developers for setting up new and renewable sources of energy and energy efficiency projects.

US-Exim Bank, an agency of the United States of America, was established with the mandate, among other things, to aid in the financing of creditworthy entities to facilitate the export of goods and services of U.S. origin or manufacture.
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