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Home Environment

Green urja award

May 13, 2021
in Environment
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Green urja award
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In news: Indian Renewable Energy Development Agency Ltd (IREDA) has been conferred with “Green Urja Award”.

About IREDA-

  • It is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE).
  • It is the only dedicated institution for financing Renewable Energy (RE) & Energy Efficiency (EE) projects in India. 
  • It was established in 1987.
  • Motto is: “ENERGY FOR EVER”.
  • It has been notified as a “Public Financial Institution” under section 4 ‘A’ of the Companies Act, 1956 and registered as Non-Banking Financial Company (NBFC) with RBI.
  • The main objectives of IREDA are :
  • To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency.
  • To maintain its position as a leading organisation to provide efficient and effective financing in renewable energy and energy efficiency / conservation projects.
  • To increase IREDA`s share in the renewable energy sector by way of innovative financing.
  • Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.
  • To strive to be a competitive institution through customer satisfaction.
  • It is awarded for being the Leading Public Institution in Financing Institution (FI) for Renewable Energy in 2021 by Indian Chamber of Commerce (ICC). 
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Source: PIB
Tags: PIBPrelims

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