India Renewable Energy Development Agency Limited (IREDA)
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Context: Infusion of equity in India Renewable Energy Development Agency Limited (IREDA) approved by Cabinet.
Details:
- Capital infusion of Rs 1,500 crore in India Renewable Energy Development Agency Limited (IREDA) approved by the Union Cabinet.
- The equity infusion aims to:
- Reduce emission by 7.49 million tonnes of CO2 per year.
- Generate 10,200 jobs.
India Renewable Energy Development Agency Limited (IREDA):
- IREDA is an enterprise under the Ministry of New and Renewable Energy.
- It was established in 1987 as a Public limited Government Company under the Companies Act, 1956.
- IREDA provides financial support to the renewable energy sector.
- Vision of IREDA is to expand and promote sustainability and affordability in the renewable energy sector in the country."
- IREDA gets “Mini Ratna” status by Ministry of New and Renewable Energy in 2015
- IREDA’s Motto is “Energy for Ever.”