IREDA Board Approves Program for FY 2024-25
POWER & RENEWABLE ENERGY

IREDA Board Approves Program for FY 2024-25

The Indian Renewable Energy Development Agency Limited (IREDA) has announced its ambitious program for the fiscal year 2024-25, aimed at bolstering renewable energy endeavours across the country. The decision was made following the approval of the program by the IREDA board.

IREDA, a premier financial institution dedicated to promoting and financing renewable energy projects, aims to significantly ramp up its activities in the upcoming fiscal year. The approved program encompasses a wide range of initiatives and funding mechanisms designed to accelerate the adoption and deployment of renewable energy technologies.

Under the program, IREDA will focus on extending financial assistance to various renewable energy projects, including solar, wind, biomass, and hydropower. The agency aims to support both utility-scale projects as well as decentralised renewable energy systems to cater to diverse energy needs across different regions of India.

Additionally, IREDA plans to enhance its efforts in promoting energy efficiency measures and sustainable practices within the renewable energy sector. This includes initiatives such as providing financial incentives for energy conservation and implementing energy-efficient technologies in renewable energy projects.

The approved program reflects IREDA's commitment to playing a pivotal role in India's transition towards a cleaner and more sustainable energy future. By facilitating access to finance and promoting innovative renewable energy solutions, IREDA aims to contribute significantly to the country's renewable energy targets and its broader climate goals.

Overall, the approval of the program for the fiscal year 2024-25 signals a renewed focus and determination by IREDA to drive forward India's renewable energy agenda and accelerate the pace of renewable energy adoption in the country.

The Indian Renewable Energy Development Agency Limited (IREDA) has announced its ambitious program for the fiscal year 2024-25, aimed at bolstering renewable energy endeavours across the country. The decision was made following the approval of the program by the IREDA board. IREDA, a premier financial institution dedicated to promoting and financing renewable energy projects, aims to significantly ramp up its activities in the upcoming fiscal year. The approved program encompasses a wide range of initiatives and funding mechanisms designed to accelerate the adoption and deployment of renewable energy technologies. Under the program, IREDA will focus on extending financial assistance to various renewable energy projects, including solar, wind, biomass, and hydropower. The agency aims to support both utility-scale projects as well as decentralised renewable energy systems to cater to diverse energy needs across different regions of India. Additionally, IREDA plans to enhance its efforts in promoting energy efficiency measures and sustainable practices within the renewable energy sector. This includes initiatives such as providing financial incentives for energy conservation and implementing energy-efficient technologies in renewable energy projects. The approved program reflects IREDA's commitment to playing a pivotal role in India's transition towards a cleaner and more sustainable energy future. By facilitating access to finance and promoting innovative renewable energy solutions, IREDA aims to contribute significantly to the country's renewable energy targets and its broader climate goals. Overall, the approval of the program for the fiscal year 2024-25 signals a renewed focus and determination by IREDA to drive forward India's renewable energy agenda and accelerate the pace of renewable energy adoption in the country.

Next Story
Infrastructure Transport

User Traffic Surges on Chennai Airport's Free Wi-Fi Service

The newly introduced free Wi-Fi service at Chennai airport has seen a steady increase in user engagement, with logins rising from 421 on the launch day, June 26, to 636 by the following Saturday. Passengers are allowed up to 500 MB of data or 45 minutes of free internet usage, whichever limit is reached first.Indian travellers can access the service through OTP verification, while foreign nationals are required to scan their passports and tickets at designated kiosks to gain access. With approximately 18,000 international passengers passing through the airport daily, the facility caters to a l..

Next Story
Building Material

Steel Ministry Issues Clarification on Quality Control Order

The Ministry of Steel has issued a clarificatory order dated 13th June 2025 regarding the enforcement of existing Quality Control Orders (QCOs) under the Bureau of Indian Standards (BIS). Although 151 BIS Standards have already been brought under QCOs, with the last such order issued in August 2024, no new QCO has been released since then. The recent order aims to clarify that intermediate materials used in the manufacture of final steel products must also comply with the relevant BIS Standards.This clarification was deemed necessary to ensure parity between domestic and imported steel product..

Next Story
Infrastructure Urban

Santosh Kumar Takhele Appointed Regional ED (West-I) at NTPC

Santosh Kumar Takhele has taken over the additional charge of Regional Executive Director (West-I) at NTPC, effective from 30th June 2025.An alumnus of GB Pant University of Agriculture and Technology with a degree in Mechanical Engineering, Takhele began his career at NTPC in 1988 as an Executive Trainee. With 37 years of experience, he has held leadership positions across various key functions including Contracts & Materials, Mechanical Maintenance, Operations Services, Fuel Management, Environment Management, and Safety.Throughout his career, he has worked at several NTPC locations such..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?