Nidhi Khare, Secretary of the Ministry of New & Renewable Energy (MNRE) and the Department of Consumer Affairs, conducted a visit to the Registered Office of the Indian Renewable Energy Development Agency Limited (IREDA) in New Delhi. The visit focused on a thorough review of IREDA’s performance and its strategic roadmap, complemented by an interactive session with senior officials.
During the meeting, Pradip Kumar Das, Chairman & Managing Director of IREDA, welcomed Khare and highlighted the agency’s significant achievements over the past five years. He highlighted IREDA’s commitment to aiding the Government of India’s ambitious renewable energy targets, particularly its goal of generating 500 GW of non-fossil-based electricity by 2030, in line with the vision of ‘Viksit Bharat’.
IREDA’s presentation showcased critical elements such as sectoral financing, diversification strategies, growth plans, and fundraising initiatives. CMD Das briefed Khare on the organisation’s major accomplishments, emphasising improvements in Ease of Doing Business, digitalisation, automation, and the establishment of a wholly owned subsidiary at the International Financial Services Centre (IFSC) in GIFT City, Gujarat. He noted that IREDA has improved its asset quality through consistent engagement with borrowers.
Notably, IREDA was the first company to publish its Q3 Audited Financial Results within just nine days, setting a new benchmark for corporate governance in India. Secretary Khare praised IREDA’s remarkable progress and recognised its vital role in advancing India’s renewable energy objectives. She assured IREDA of swift support to enhance the growth of the renewable energy sector and facilitate the decarbonisation of the economy.
