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Pradeep Kumar

12/05/21 09:30 AM IST

Green Urja Award

In news

Indian Renewable Energy Development Agency Ltd. IREDA has been conferred with “Green Urja Award” for being the Leading Public Institution in Financing Institution for Renewable Energy this year.

Highlights
  • IREDA gets the award for the pivotal and developmental role it plays in Green Energy Financing.
  • The award recognises our immense contribution in development of Renewable Energy Sector in line with the Hon’ble Prime Minister’s vision of Atma Nirbhar Bharat.
  • IREDA under the administrative control of MNRE is the only dedicated institution for financing Renewable Energy (RE) & Energy Efficiency (EE) projects in India.
  • IREDA has over the years sanctioned loans aggregating to Rs. 96,601 crores, disbursed Rs. 63,492 cores and supported more than 17,586 MW of RE capacity in the country till date.
IREDA 
  • Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
  • IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: 'ENERGYFOR EVER'
Objective
  • To give financial support to specific projects and schemes for generating electricity and/or energy through new and renewable sources and conserving energy through energy efficiency.
  • To strive to be competitive institution through customer satisfaction.
  • To maintain its position as a leading organization to provide efficient and effective financing in renewable energy and energy efficiency/conservation projects.
  • Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.
Source: PIB

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