Bank of India (BoI) has signed a Memorandum of Understanding (MoU) with Indian Renewable Energy Development Agency (IREDA) for co-lending, co-origination, and loan syndication for Renewable Energy projects. The MoU will empower IREDA and BoI to co-lend and co-originate for Renewable Energy projects including Small Hydro and Ethanol projects. Both organisations will also strive to fix interest rates for IREDA borrowings for a period of three to four years.
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