Indian Renewable Energy Development Agency Ltd. (IREDA)

GS PAPER II: Conservation, environmental pollution and degradation, environmental impact assessment.

Context: India 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 by Indian Chamber of Commerce (ICC).

• IREDA gets the award for the pivotal and developmental role it plays in Green Energy Financing.
• IREDA under the administrative control of Ministry of New & Renewable Energy (MNRE).
• It is the only dedicated institution for financing Renewable Energy (RE) & Energy Efficiency (EE) projects in India.
• Since, its inception the company has played a catalytic role in developing market for financing RE & EE projects.
• 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.

https://pib.gov.in/PressReleasePage.aspx?PRID=1717739