IREDA Emphasizes Financial Viability in Emerging Renewable Energy

27 Dec 2023 CW Team

The Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency (IREDA) has emphasised the crucial role of financial viability in propelling the expansion of emerging renewable energy initiatives. Underlining the need for sustainable financial models, the CMD highlighted the potential for driving growth and adoption of renewable energy technologies.

IREDA plays a pivotal role in facilitating and financing renewable energy projects in India. The CMD's focus on financial viability underscores the agency's commitment to ensuring the economic feasibility of projects, which is essential for attracting investments and fostering the sustainable development of the renewable energy sector.

The statement comes at a time when the renewable energy landscape is evolving rapidly, with emerging technologies gaining prominence. By stressing the importance of financial viability, IREDA aims to encourage a robust and sustainable ecosystem for renewable energy, contributing to India's broader goals of achieving a greener and more sustainable energy mix.

In the context of the evolving energy transition, the emphasis on financial viability by IREDA's CMD signals a strategic approach to aligning economic considerations with environmental objectives, ensuring the long-term success and scalability of emerging renewable energy technologies in the Indian market.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..