+
 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

Next Story
Infrastructure Energy

UERC Rejects Pleas Over Cancelled 200 MW Solar Awards

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected review petitions filed by 12 solar developers against the cancellation of Letters of Award (LoAs) issued under the state’s 200 MW Solar Programme.The scheme, launched by the Uttarakhand Renewable Energy Development Agency (UREDA) under the 2013 solar policy, aimed to help Uttarakhand Power Corporation Ltd (UPCL) meet its renewable purchase obligations through tariff-based competitive bidding.The projects—classified under the Type I category—had original commissioning deadlines in 2019–2020, later extended multiple ti..

Next Story
Infrastructure Energy

Solarium Wins Rs 266 Million Rooftop Solar Orders

Solarium Green Energy has secured two significant work orders valued at a combined Rs 266 million for rooftop solar projects across various locations in the Northeastern States, under the Ministry of Home Affairs.The first order, worth approximately Rs 129.8 million, was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 3,319 kW rooftop solar photovoltaic (PV) project. This was tendered under the NVVN’s “Selection and Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India”. The project is scheduled ..

Next Story
Real Estate

Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?