CMD IREDA's new financing for renewable tech

29 Apr 2024 CW Team

At the 26th World Energy Congress in Rotterdam, Netherlands, the Chairman and Managing Director of the Indian Renewable Energy Development Agency (IREDA), Pradip Kumar Das, proposed innovative financing solutions to bolster the adoption of new and emerging renewable energy technologies. He emphasized the need for strategic investment to accelerate India?s energy transition towards renewable sources.

Das highlighted IREDA?s pivotal role in the renewable sector, detailing how the agency is leveraging advanced financial instruments to mitigate risks and attract private sector investment in renewable energy projects. He stated, ?We are committed to shaping a sustainable future through robust financial frameworks that support the development of cutting-edge renewable technologies.?

Furthermore, CMD IREDA suggested that domestic pension and insurance funds allocate 4-5% of their assets under management to renewable energy bonds. He explained that this move would deepen the bond market and increase funding avenues for renewable energy, furthering India?s commitment to achieving its ambitious target of 500 GW of non-fossil fuel energy capacity by 2030.

Das?s proposals were made at a critical time as nations globally focus on enhancing energy security and sustainability through diversified energy sources and strong infrastructure. His participation at the congress was part of a broader discussion that included global energy leaders who are navigating the complexities of climate resilience and energy transitions.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..