𝐈𝐑𝐄𝐃𝐀’𝐬 𝟐𝟎𝐭𝐡 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬’ 𝐌𝐞𝐞𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐍𝐞𝐰 𝐄𝐧𝐭𝐢𝐭𝐲 𝐀𝐩𝐩𝐫𝐚𝐢𝐬𝐚𝐥 𝐃𝐢𝐯𝐢𝐬𝐢𝐨𝐧

The Indian Renewable Energy Development Agency Limited (Ireda) organized its 20th Stakeholders Interaction Meet at the India Habitat Center in New Delhi today. The meeting was chaired by Chairman and Managing Director Mr. Pradeep Kumar Das, in which various borrowers of the renewable energy field participated.

The meeting began with a two -minute silence to pay tribute to those killed in the recent terrorist attack in Pahalgam.

Making an important announcement at the meeting, Mr. Das shared a plan to set up a dedicated entity appraisal division in Ireda. This will monitor the timeliness of division projects, equity contribution capacity of promoters, transparency in operation and moral conduct – this step is essential for effective monitoring and evaluation of rapidly growing renewable renewable energy projects in the country.

Shri Das highlighted the commitment to promote “Ease of Doing Business” and reduce interest rates for borrowers, highlighting the trade performance of Ireda. He also stated that Ireda has signed an agreement for External Commercial Borrowing (ECB) of 26 billion Japanese Yen (JPY) from the Tokyo branch of State Bank of India, which is available at a lower interest than domestic rates.

The meeting also presented a report of financial performance, recent initiatives of fund raising and action taken on the previous stakeholders meeting.

The borrowers present in the program actively shared suggestions and feedback, which would help further strengthening the strategies of Ireda. In the concluding speech, Director (Finance) Dr. Bijay Kumar Mohanty appealed to all borrowers to ensure compliance, timely reporting and priority of dues, so that IRDA’s credit rating and asset quality could be maintained.