On June 15th, Mr. Pradip Kuar Das, the Chairman & Managing Director (CMD) of the PSU Indian Renewable Energy Development Agency Limited (IREDA), participated in a panel discussion on “Accelerating Onshore Wind Energy Adoption in India” as part of the Global Wind Day celebrations – Pawan-Urja: Powering the Future of India, held at New Delhi.
During the discussion, Mr. Das offered valuable insights into India’s journey towards energy transition and underscored IREDA’s crucial role in advancing renewable energy adoption within the country via innovative financial products like Project Specific Funding for EPCs, manufacturers, Suppliers, Guarantee Assistance schemes including Letter of Comfort and Payment on Order Instruments which provide a one-stop solution to the project developers reducing the overall turnaround time for project developments.
Highlighting IREDA’s best corporate governance practices, CMD underlined the exemplary reductions in net NPAs from 7.18% to as low as 0.99% over the last four years. He encouraged the participants from the RE industry to ensure the best quality corporate governance in the process and procedures to ensure optimal risk mitigation in the Renewable Energy development in India.
CMD Das reaffirmed IREDA’s steadfast commitment to sustainable corporate governance, transparency, and accountability, introducing innovative solutions that have already been proven to be a benchmark from IREDA in the financing sector for the overall growth of renewable energy and wind power in the country.
