IREDA conferred with “Green Urja Award”

12 May 2021 CW Team

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.

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Also read: Mercom India announces Solar 2021 Award winners

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