Indian Renewable Energy Development Agency Ltd. (IREDA) has been conferred with ‘Green Urja Award’, for being the leading public institution in financing institutions – for renewable energy development this year, by Indian Chamber of Commerce (ICC). The award was received by Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA from Dr. Ajay Mathur, Director General, International Solar Alliance in presence of Anil Razdan, Chairman, ICC National Expert Committee on Energy in a virtual ceremony held recently.
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,” said Das.
IREDA under the administrative control of Ministry of New & Renewable Energy (MNRE) 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.
Despite pandemic time, IREDA has ended the year 2020-21 on a strong note and disbursed the second highest (since inception) amount of loan amounting to Rs. 8,827 crores. On this occasion, CMD, IREDA also highlighted the unique initiatives taken by it to contain COVID-19.