India's 'Green Energy' portfolio shows consistent enhancement

Govt policy initiatives cited as major contributor

Image credit: Unsplash.com

Image credit: Unsplash.com

The 33rd Annual General Meeting (AGM) of Indian Renewable Energy Development Agency Ltd (IREDA) , a PSU under Ministry of New & Renewable Energy, was held on November 11, 2020, at India International Centre, New Delhi. Annual accounts for financial year 2019-20 were adopted at the AGM.

Addressing the Directors and Shareholders, Pradip Kumar Das, CMD, IREDA highlighted the performance of FY2019-20 and informed that gross income of the company increased to Rs. 2,372.38 Crore, registering a growth of 17.32 per cent. IREDA has sanctioned the loans of Rs 12,696 crore and disbursed Rs 8,785 Crore. Loan sanctioned during the year including co-financed projects/ take over loans ,would support capacity addition of 5673 MW as against 3266 MW in last year. 

Speaking about future strategies, Das emphasized that Green Energy portfolio of the country is consistently growing in terms of both quantity and quality; and is expected to get a further boost with various policy initiatives of the Government, such as PM-KUSUM scheme, Solar and Wind hybrid technologies, Biofuels such as Ethanol and Compressed Bio Gas (CBG), E-mobility and associated infrastructure, Off-shore Wind energy, Solar Roof-top programme etc.

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