Indian Renewable Energy Development Agency

Indian Renewable Energy Development Agency Limited (IREDA) is formed in 1987 as a Mini Ratna (Category – I) Government of India Enterprise under Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE). The organisation is formed for promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.

Indian Renewable Energy Development Agency Limited
AbbreviationIREDA
HeadquartersIndia Habitat Centre, East Court, Core-4A, 1st Floor, Lodhi Road, New Delhi - 11 00 03
Websitehttps://www.ireda.in/

History and objectives

Indian Renewable Energy Development Agency Limited is a Public Limited Government Company and a Non-Banking Financial Institution[1] formed for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: “ENERGY FOR EVER”.[2] It is a Mini Ratna (Category – I) Government of India Enterprise with the objective of promoting, developing and extending financial assistance and under the administrative control of Ministry of New and Renewable Energy (MNRE).[3]

Aims and Policies
  • Financing Renewable energy projects.[4]
  • Supporting green power capacity.
  • Financing the setting up of solar manufacturing units.[5]

Composition

Indian Renewable Energy Development Agency Limited Chairman and Managing director is Pradip Kumar Das.[6]

References
  1. "IREDA signs MOU with TANGEDCO in Green Energy projects". NewsOnAIR. 8 September 2021. Retrieved 17 April 2022.
  2. "IREDA Registers All-Time High Half-Yearly PAT". Odisha News | Odisha Breaking News | Latest Odisha News. 13 November 2021. Retrieved 9 April 2022.
  3. "Cabinet approves Rs 1,500 crore infusion in IREDA to boost renewable energy financing". The Indian Express. 19 January 2022. Retrieved 9 April 2022.
  4. "IREDA eyes Rs 2,749 cr revenue in 2021-22". The Economic Times. 15 February 2022. Retrieved 17 April 2022.
  5. "IREDA calls solar module manufacturing bids under PLI scheme". mint. 11 June 2021. Retrieved 17 April 2022.
  6. "Ireda sanctions highest-ever loan of Rs 24,000 cr in 2021-22 - ET EnergyWorld". ETEnergyworld.com. 5 April 2022. Retrieved 9 April 2022.
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