IREDA Recruitment

Indian Renewable Energy Development Agency Limited (IREDA)

About Indian Renewable Energy Development Agency Limited (IREDA) – इंडियन रिन्यूएबल एनर्जी डेवलपमेंट एजेंसी लिमिटेड:

Energy is a basic requirement for economic development. Every sector of the national economy – agriculture, industry, transport, commercial and domestic – needs inputs of energy. The economic development plans implemented since independence have necessarily required increasing amounts of energy. As a result, consumption of energy in all forms has been steadily rising all over the country. The growing consumption of energy has also resulted in the country becoming increasingly dependent on fossil fuels such as coal and oil and gas. Rising prices of oil and gas and potential shortages in future lead to concerns about the security of energy supply, which is needed to sustain our economic growth. Increased use of fossil fuels also causes environmental problems both on local and global scales. In this background, there is urgent need for the country to develop a sustainable path of energy development. Promotion of energy conservation and increased use of renewable energy sources are the twin planks of sustainable energy. The Ministry of New and Renewable Energy(MNRE) has been implementing comprehensive programmes for the development and utilisation of various renewable energy sources in the country. As a result of efforts made during the past quarter century, a number of technologies and devices have been developed and have become commercially available. As against the estimated 80000 MW renewable energy based grid connected power generation potential in the country, so far only about 6000 MW installed capacity has been realized, giving vast opportunity for exploitation of renewable energy sources for power generation. The renewable energy based power generation capacity presently constitutes 5% of the total installed capacity in the country for power generation from all sources. The country is aiming to achieve upto 10% of additional installed capacity to be set up till 2012 to come from renewable energy sources. Indian Renewable Energy Development Agency Ltd IREDA has been awarded “Mini Ratna” (Category -I) status in 2015 by Ministry of New and Renewable Energy (MNRE).Indian Renewable Energy Development Agency Limited (IREDA) was established on 11th March, 1987 as a Public limited Government Company under the Companies Act, 1956 and it promotes, develops and extends financial assistance for Renewable Energy and Energy Efficiency/Conservation Projects. IREDA has been notified as a “Public Financial Institution” under section 4 ‘A’ of the Companies Act, 1956 and registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India (RBI). IREDA’s mission is “Be a pioneering, participant friendly and competitive institution for financing and promoting self-sustaining investment in energy generation from Renewable Sources, Energy Efficiency and Environmental Technologies for sustainable development.” IREDA’s Motto is “Energy for Ever.” The main objectives of IREDA are : To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency. To maintain its position as a leading organization to provide efficient and effective financing in renewable energy and energy efficiency / conservation projects.
Website Address:http://www.ireda.gov.in/
Postal Address:Core-4a, 1st Floor,India Habitat Centre, East Court, Lodhi Road, New Delhi, Delhi 110003
Tel:+91 11 26717400 – 26717412
Fax:+91 11 26717416
E-mail:cmd@ireda.gov.in

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