IREDA Bags ICC Green Urja Award for Green Energy Financing

Power sector major lender Indian Renewable Energy Development Agency Ltd (IREDA) has been conferred with Green Urja Award for being the leading public financing institution for renewable energy this year by the Indian Chamber of Commerce (ICC).

May 12, 2021. By Manu Tayal

Power sector major lender Indian Renewable Energy Development Agency Ltd (IREDA) has been conferred with Green Urja Award for being the leading public financing institution for renewable energy this year by the Indian Chamber of Commerce (ICC).

The award was received by Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA from Dr. Ajay Mathur, Director General, International Solar Alliance (ISA) in the presence of Anil Razdan, Chairman, ICC National Expert Committee on Energy in a virtual ceremony.

IREDA gets the award for the pivotal and developmental role it plays in Green Energy Financing. Appreciating the members of the jury for selecting IREDA, Pradip Kumar Das said that he is “honoured to receive this award on behalf of IREDA. The award recognises our immense contribution in development of Renewable Energy Sector in line with the Prime Minister’s vision of Atma Nirbhar Bharat.”

Das, further, expressed his gratitude to Union Minister of Power, New and Renewable Energy, RK Singh who has been instrumental in guiding and facilitating IREDA with his fast decision making approach for overall growth of Power and RE sector.

He dedicated the award to all the IREDANs for constant hard work and making their best efforts to give outstanding performance in last one year despite numerous challenges including COVID-19.

Despite of pandemic time, IREDA has ended the year 2020-21 ended on a strong note and disbursed the second highest (from the date of inception) amount of loan amounting to Rs 8,827 crore.

On this occasion, CMD, IREDA also highlighted unique initiatives taken by IREDA to contain the first and second waves of COVID-19.

He said, IREDA has constituted an exemplary ‘COVID Care Response Team’ that is continuously taking care of COVID-19 positive employees and their family members starting from June 2020 resulting into ‘Zero’ employees who are COVID infected/under treatment as on May 11, 2021. At this point when the whole world is struggling to cope up with the pandemic, IREDA could successfully ensure a safe and healthy environment for its employees by adopting a proactive and timely COVID management approach.

IREDA under the administrative control of MNRE is the only dedicated institution for financing renewable energy & energy efficiency projects in India. Over the years, IREDA has sanctioned loans aggregating to Rs 96,601 crore, disbursed Rs 63,492 core and supported over 17,586 MW of renewable energy capacity in the country till date.

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