Profile of
Indian Renewable Energy Development Agency Limited
(IREDA)

Objectives
IREDA's mission is to be a pioneering, participant-friendly and competitive institution for sustainable development, promoting and financing self-sustaining investment in renewable energy and energy efficiency. IREDA's active objectives are to:

• Extend financial support to manufacturers and users;

• Promote renewable energy;

• Act as a financial intermediary; and

• Assist in rapid commercialization.

Activities
By financing new ventures in renewable energy, IREDA helps create performance track records for NRSE technologies, facilitating their transition from novelty to mainstream status. Within its initial nine years of operation (until 31 January 1996) IREDA has sanctioned 647 NRSE projects pledging resources equivalent to Rs. 92088 Lakhs (over US$250 million). 

Sample Projects

Wind energy Solar energy a) Thermal b) Photovoltaic Small hydro power Co-generation Bio energy

Key Persons
Dr. V. Bakthavatsalam, Managing Director

Contact Info
Address: Core 4A, East Court, IHC Complex, Lodi Road
New Delhi, India 110 003
Phone : (91) (11) 460-1344, 460-1366, 460-2744, 464-2377
Fax:  (91) (11) 460-2855
E-mail : gen@ireda1.uunet.in
URL: http://solstice.crest.org/renewables/ireda/wind.html

Number of Staff
58 executives

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