IREDAIndian Renewable Energy Development Agency
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IREDA is instrumental for GoI's core policy of fostering the renewable energy sector.
The public issue of equity will enable IREDA to increase its equity base which will help them raise more debt resources for funding renewable energy projects," the government said.
IREDA is a dedicated financing institution for financing RE projects under the aegis of Ministry of New and Renewable Energy (MNRE).
IREDA is therefore classified as a credit-linked entity under Fitch's public-sector entity (PSE) criteria.
He said, 'With IREDA conversion into Green Bank, it would be entitled to avail benefits the agency is currently deprived of and the proposal is being well supported by the power ministry.
With Gupta taking over as the secretary of the ministry of new and renewable energy ( MNRE) it appears the way was cleared for Agarwal to join the IREDA on deputation.
I welcome the continued cooperation between IREDA and the European Investment Bank that builds the clear success of new renewable energy and energy efficiency investment over the last four years, said R.
The CMD of IREDA was speaking on the panel discussion organized by Ministry of New and Renewable Energy (MNRE), Government of India, at Bonn, Germany.
Global Banking News-February 16, 2016--Yes Bank and IREDA to work together to promote green power
Other leaders confirmed to speak at the event include Debashish Majumdar, CMD, IREDA, S K Shukla, Director & Head-Solar, CREDA, Ravi Raina, President, Astonfield India, Edwin Koot, CEO, SOLARPLAZA NV, Gautham Nalamada, CEO, Photon Energy, Ramana Reddy of KpW Bank, Pashupathy Gopalan, CEO, SunEdison India, Srinivas Nagabhirava, MD- Asia/Middle East, AES Solar Energy, Jan Van der Henst, CEO, Invictus & TEC Services Group, Mario Zen, VP- Business Development, LDK Solar, Vijayvargiya, Technical Director, RREC, V H Buch, Director, GEDA, Vijay Bagavatula of Moser Baer and Vishal Shah, Industry and Market Analyst, Barclays Capital among others.
This report also has detailed profiling of eighteen solar Photovoltaic module and solar thermal equipment manufacturers approved by MNRE and IREDA apart from the turnkey projects.
The awards will be presented in Specialized Fields to SAIL, ONGC, IOCL, ECIL, Neyveli Lignite Corpn, IREDA, NSTFDC, WAPCOS, CONCOR, EIL and ALIMCO.