Indian Renewable Energy Development Agency Ltd. doesn't expect much impact on its performance following the Reserve Bank of India's move to ease provision requirements for lenders linked to construction projects.The public sector financing company for renewable energy projects is hopeful of an improvement in asset quality after the RBI's new project financing norms.Welcoming the move, Ireda Chairperson Pradip Das told NDTV Profit on Monday that the company already maintains a low provisioning of 0.4% for its commissioned assets."When they initially brought out that rough 5% guideline, there was panic... Earlier, I mentioned that there would certainly be thorough stakeholder consultations. I must say, there was a very thoughtful incorporation of these suggestions in the final guideline," the managing director explained.He was referring to the RBI’s move to ease provision requirements for lenders during the construction phase of infrastructure projects. Instead of the initially proposed 5% asset provisioning, the RBI has now set it at 1%. For under-construction commercial real estate, the provision is set at 1.25% and for CRE-residential housing, it remains 1%. These final norms on project finance will take effect from Oct. 1, 2025. This change reduces the amount of money banks have to hold back during construction, making it easier for banks to lend to such projects.VA Tech Wabag Targets 15-20% Revenue Growth Over Next Five YearsOn the revised guidelines, Das appreciated the RBI's move to distinguish between construction and commissioned projects in the new guidelines. This differentiation helps in managing risk better, as previously all projects were treated the same, regardless of their stage."The perception around project management, project financing and risk management in project lending is going to improve. There will be a disciplined approach, where during the conception phase, you have to maintain a certain percentage and post-commissioning, another clearly defined percentage. This clarity was missing earlier," he said.The PSU financier for renewable projects is set to benefit from these changes because it will help the company in improving its asset quality, according to Das."Rating agencies, auditors, and others who review our financials often compare us with larger organisations that may have 10% or 20% renewable assets in their portfolios. In contrast, our organisation has at least 75% of lending in project finance and 100% in green financing," the CMD said."Therefore, our asset quality is going to improve further through this process. The perception of our project development will also become much clearer," he added.WatchCeigall India Targets 10-15% Revenue Growth In FY26 Led By Strong Orderbook. Read more on Business by NDTV Profit.