+
 IREDA conferred with “Green Urja Award”
ECONOMY & POLICY

IREDA conferred with “Green Urja Award”

Indian Renewable Energy Development Agency Ltd (IREDA) has bagged the "Green Urja Award" for being the 'Leading Public Institution in Financing Institution' for renewable energy this year by the Indian Chamber of Commerce (ICC).

Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA, received the award from Dr Ajay Mathur, Director General, International Solar Alliance, in the presence of Shri Anil Razdan, Chairman, ICC National Expert Committee on Energy, in a virtual ceremony held recently.

IREDA bagged the award for the pivotal and developmental role it plays in Green Energy Financing. Despite the Covid-19 pandemic, IREDA has ended the year 2020-21 on a strong note and disbursed the second-highest (from the date of inception) amount of loan amounting to Rs 8,827 crore, which indicates that IREDA has the ability to translate this problem into an opportunity.

On this occasion, IREDA also highlighted unique initiatives taken by it to contain the first and second waves of Covid-19. IREDA ensured a safe and healthy environment for its employees by adopting a proactive and timely Covid-19 management approach.

IREDA, under the administrative control of the Ministry of New and Renewable Energy (MNRE), is the only dedicated institution for financing renewable energy (RE) and Energy Efficiency (EE) projects in India.

Since its inception, IREDA has played a catalytic role in developing the market for financing RE and EE projects. Over the years, the company has sanctioned loans aggregating to Rs 96,601 crore, disbursed Rs 63,492 core and supported more than 17,586 MW of renewable energy capacity in the country to date.

Image Source


Also read: Mercom India announces Solar 2021 Award winners

Indian Renewable Energy Development Agency Ltd (IREDA) has bagged the Green Urja Award for being the 'Leading Public Institution in Financing Institution' for renewable energy this year by the Indian Chamber of Commerce (ICC). Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA, received the award from Dr Ajay Mathur, Director General, International Solar Alliance, in the presence of Shri Anil Razdan, Chairman, ICC National Expert Committee on Energy, in a virtual ceremony held recently. IREDA bagged the award for the pivotal and developmental role it plays in Green Energy Financing. Despite the Covid-19 pandemic, IREDA has ended the year 2020-21 on a strong note and disbursed the second-highest (from the date of inception) amount of loan amounting to Rs 8,827 crore, which indicates that IREDA has the ability to translate this problem into an opportunity. On this occasion, IREDA also highlighted unique initiatives taken by it to contain the first and second waves of Covid-19. IREDA ensured a safe and healthy environment for its employees by adopting a proactive and timely Covid-19 management approach. IREDA, under the administrative control of the Ministry of New and Renewable Energy (MNRE), is the only dedicated institution for financing renewable energy (RE) and Energy Efficiency (EE) projects in India. Since its inception, IREDA has played a catalytic role in developing the market for financing RE and EE projects. Over the years, the company has sanctioned loans aggregating to Rs 96,601 crore, disbursed Rs 63,492 core and supported more than 17,586 MW of renewable energy capacity in the country to date. Image SourceAlso read: Mercom India announces Solar 2021 Award winners

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Annette Gregg Named WTCA’s First Female CEO

World Trade Centers Association (WTCA) has appointed Annette Gregg as Chief Executive Officer, making her the first woman to lead the organisation in its 57-year history.Gregg assumed the role from October 5 and will lead WTCA from its recently established global headquarters at One World Trade Center in New York City. The association connects more than 300 World Trade Center locations across nearly 100 countries and territories.As CEO, Gregg will provide strategic leadership to WTCA and its global staff, working with the Board of Directors and members to advance business priorities, strengthe..

Next Story
Resources

Isprava Appoints Sanjay Sethi as Strategic Advisor

Isprava Group has appointed Dr Sanjay Sethi as Strategic Advisor to the business, with a focus on Lohono Stays and Isprava Hospitality.Sethi brings more than 37 years of experience across hospitality operations, development, ownership, strategic growth and capital markets. He will work closely with the Group on strategy, growth and the development of its hospitality business.The appointment comes as Isprava Group expands its integrated ecosystem spanning luxury homes, hospitality, private membership and end-to-end homeowner services.Nibhrant Shah, Managing Director & Co-CEO, Isprava Group, sai..

Next Story
Infrastructure Energy

SunBridge BioEnergy Starts Ethanol Production in Seoni

SunBridge BioEnergy, the bioenergy arm of SunBridge Group, has commenced commercial production at its grain-based fuel-grade ethanol manufacturing facility in Seoni, Madhya Pradesh. The Seoni plant has a production capacity of 300 kilolitres per day and a storage capacity of 11,000 kilolitres. Spread across approximately 117,560 sq m, the facility marks SunBridge BioEnergy’s entry into commercial ethanol production. The company is also expanding its ethanol portfolio with a 400 KLD facility in Raipur, Chhattisgarh, which is expected to become operational soon. Once commissioned, SunBridge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code