CMD, IREDA Emphasizes Innovative Financing

Mumbai, seventeenth June 2024; Shri Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), participated in a panel dialogue on “Accelerating Onshore Wind Energy Adoption in India” as part of the Global Wind Day celebrations – Pawan-Urja: Powering the Future of India. The event was hosted by Ministry of New & Renewable Energy proper now on the Lalit, New Delhi.

During the dialogue, Shri Das provided invaluable insights into India’s journey within the route of vitality transition and underscored IREDA’s important perform in advancing renewable vitality adoption contained in the nation by way of progressive financial merchandise like Project Specific Funding for EPC’s, producers, Suppliers, Guarantee Assistance schemes along with Letter of Comfort and Payment on Order Instruments which supply one-stop decision to the enterprise builders reducing the final turnaround time for enterprise developments.

He extra emphasised the contributions of IREDA as the most important pure-play Green Financing NBFC inside the nation providing cost-effective financing to your full price chain of the RE enterprise arrange and enchancment.

Shri Das highlighted IREDA’s all-time efforts within the route of an whole low cost in financing costs by the use of sooner sanctioning of financing companies and effectively timed disbursements, leading to early commissioning of the RE initiatives, and an automatic low cost in financing costs due to low cost in IDC and early revenue flows.

Highlighting IREDA’s most interesting firm governance practices, CMD underlined the exemplary reductions in net NPA’s from 7.18% to as little as 0.99% inside the closing 4 years. He impressed the contributors from RE commerce to verify highest high quality firm governance inside the course of and procedures to verify optimum menace mitigation inside the Renewable Energy enchancment in India.

Shri Das reaffirmed IREDA’s dedication to sustainable firm governance, transparency, and accountability, introducing progressive choices which have already been confirmed to be a benchmark from IREDA inside the financing sector for the final progress of renewable vitality and wind power inside the nation.