Sign In
Learn bits
Awards
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

More Related Current Affairs View All

09 Aug

Cabinet approves continuation of Targeted Subsidy for Pradhan Mantri Ujjwala Yojana Consumers

'The government has approved the continuation of targeted subsidies for Pradhan Mantri Ujjwala Yojana consumers for the year 2025-26 with the estimated cost of over 12 thousand cro

Read More

09 Aug

Cabinet approves Budgetary Support for Multidisciplinary Education and Research improvement in Technical Education (MERITE) Scheme

'The Union Cabinet has approved a proposal to implement the Multidisciplinary Education and Research Improvement in Technical Education (MERITE) scheme in 275 institutions across t

Read More

09 Aug

Aircraft Accident Investigation Bureau (AAIB)

' A month after the deadly Air India flight crash in Ahmedabad, where 241 of the 242 people onboard flight AI 171 died, the Aircraft Accident Investigation Bureau (AAIB) released a

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps