Indian Renewable Energy Development Agency Limited Annual Report

As india looks to meet its energy demand on its own which is expected to reach 15 820 twh by 2040 renewable energy is set to play an important role.

Indian renewable energy development agency limited annual report. Its authorized share capital is rs. Ireda indian renewable energy development agency ltd pfc power finance corporation and rec are the three non banking financial institutions under mnre ministry of power. As a part of its paris agreement commitments the government has set an ambitious target of achieving 175 gigawatt gw of renewable energy capacity by 2022.

India is running one of the largest and most ambitious renewable capacity expansion programs in the world. Get the complete financial report quarterly statements and other important stock market reports of indian. It is classified as union govt company and is registered at registrar of companies delhi. Bidders can furnish letter of undertaking instead of bank guarantees for renewable power projects.

Newer renewable electricity sources are projected to grow massively by nearer term 2022 targets including a more. Details related to objectives of the company financial status projects and schemes for generating electricity or energy through new or renewable sources are given. The case was responsible for the formulation of policies and their implementation creation of programmes for development of new and renewable energy and coordinating and intensifying r d in the sector. The approval was for 13 90 crore equity shares this will be around worth rs 750 crore.

Indian renewable energy development agency limited is a public incorporated on 11 march 1987. 774ireda31 quarterly report. Get information about the indian renewable energy development agency limited. 1970s energy crisis led to the establishment of the commission for additional sources of energy case in the department of science technology india in march 1981.

In 2019 at un climate summit india announced that it will be more than doubling its renewable energy target from 175gw by 2022 to 450gw of renewable energy by the same year. Indian renewable energy development agency ltd. The initial public offer of state owned indian renewable energy development agency will be launched before september 2019 a top official said on thursday we can raise up to 15 per cent of our equity.