Indian Renewable Energy Development Agency Limited (IREDA)
What’s the NEWS
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, approved the equity infusion of Rs.1500 crore in Indian Renewable Energy Development Agency Limited (IREDA).
This equity infusion will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2/year.Know! about IREDA
IREDA, a mini ratna (Category-1) company under the administrative control of Ministry of New and Renewable Energy (MNRE) was set up in 1987 to work as a specialised non-banking finance agency for the Renewable Energy (RE) sector.
IREDA with more than 34 years of techno-commercial expertise, plays a catalytic role in the RE project financing which gives confidence to the FIs/banks to lend in the sector.
It is 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: “ENERGY FOR EVER”