Indian Renewable Energy Development Agency Limited (IREDA) – Objectives & Functions
Year of establishment: 1987
Ministry: Ministry of New and Renewable Energy (MNRE), Government of India.
Type of body: Mini Ratna Category – I Public Sector Enterprise (PSE), statutory & autonomous.
Purpose: The organisation is formed for promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.
Functions:
- IREDA is a Non-Banking Financial Company (NBFC) that provides financial assistance and other services for the promotion and development of renewable energy and energy efficiency/conservation projects in India.
- It offers loans for renewable energy projects, energy efficiency projects, and other energy-related projects.
- It also provides technical assistance, consultancy, and advisory services for renewable energy and energy efficiency projects.
