Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, conducted its 14th Stakeholders’ Interaction Meet today, 16th September, 2023, facilitating constructive discussions for development of Renewable Energy sector and seeking valuable feedback from esteemed business partners. The meeting was chaired by Chairman and Managing Director (CMD) of IREDA, Shri Pradip Kumar Das and took place through a virtual platform, ensuring broad participation and engagement.
The session commenced with a comprehensive presentation highlighting recent business initiatives undertaken by IREDA, coupled with notable achievements. The presentation also included recent amendments made by IREDA to its existing loan products and provided an Action Taken Report on the major suggestions received from stakeholders during the previous meeting.
In his address, the CMD expressed his gratitude to IREDA’s business partners, emphasizing their crucial role in the company’s historic growth and achievements. He acknowledged that the stakeholders’ interaction meets have been instrumental in boosting IREDA’s rapid growth.
Shri Das underlined IREDA’s commitment to supporting emerging renewable technologies, even in projects with sizable financing requirements and extended construction timelines, such as Green Hydrogen and Offshore Wind. He highlighted IREDA’s readiness to finance these ventures and its position as a leading joint lender. This commitment is further reinforced by the signing of Memorandum of Understanding (MoUs) between IREDA and various Public Sector Banks and Financial Institutions.
During the discussion, the business partners conveyed their gratitude for the prompt response and support provided by the IREDA team during project development. They also lauded IREDA for innovative financial products designed to cater to the unique requirements of the renewable energy sector.
The 14th Stakeholders’ Interaction Meet provided a valuable platform for IREDA and its esteemed partners to engage in fruitful dialogues, foster collaboration, and exchange valuable insights.