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(THE GIST OF PIB) Indian Renewable Energy Development Agency

[December-2022]

Indian Renewable Energy Development Agency Ltd. (IREDA) recently celebrated Constitution Day.

IREDA is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
It is engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy.
IREDA has been notified as a “Public Financial Institution” under the Companies Act, 1956 and registered as Non-Banking Financial Company (NBFC) with Reserve Bank of India (RBI).
IREDA’s Motto is “Energy for Ever.”

To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency.
To maintain its position as a leading organisation to provide efficient and effective financing in renewable energy and energy efficiency / conservation projects.
To increase IREDA`s share in the renewable energy sector by way of innovative financing.
Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.
To strive to be competitive institution through customer satisfaction.