Smt. Nidhi Khare, Secretary, Ministry of New & Renewable Energy (MNRE) and Department of Consumer Affairs, visited the Registered Office of the Indian Renewable Energy Development Agency Limited (IREDA) in New Delhi to conduct a detailed review of its performance and strategic direction. The session focused on IREDA’s achievements, growth trajectory, and its role in realizing India’s renewable energy aspirations.
Shri Pradip Kumar Das, Chairman & Managing Director of IREDA, extended a warm welcome to Smt. Khare and presented an overview of the organization’s key milestones over the past five years. He reaffirmed IREDA’s commitment to supporting the Government of India’s goal of generating 500 GW of non-fossil-based electricity by 2030 under the vision of ‘Viksit Bharat’.
During the review, IREDA officials detailed their focus areas, including sectoral financing, diversification strategies, and growth plans. They also discussed fundraising efforts, digitalization initiatives, and automation measures aimed at streamlining operations. A significant achievement highlighted was the establishment of a wholly owned subsidiary at the International Financial Services Centre (IFSC) in GIFT City, Gujarat, enhancing IREDA’s global presence.
One of the key highlights of the session was IREDA’s record-breaking publication of its Q3 Audited Financial Results within just nine days, setting a new standard for corporate governance and financial transparency. The Secretary, MNRE, lauded IREDA’s proactive approach in strengthening asset quality through consistent engagement with borrowers and reaffirmed its crucial role in driving India’s renewable energy sector forward.
Smt. Khare appreciated IREDA’s contributions and assured MNRE’s continued support to accelerate the growth of the renewable energy industry. She emphasized the importance of innovation and efficiency in clean energy financing to fast-track India’s transition toward a sustainable and decarbonized economy.
