Indian Renewable Energy Development Agency Limited (IREDA) is a 'Navratna' Government of India Enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987, engaged in promoting, developing and extending financial assistance for projects relating to new and renewable sources of energy and energy efficiency / conservation with the motto: "ENERGY FOR EVER".
IREDA has been notified as a "Public Financial Institution" under Section 4 'A' of the Companies Act, 1956 and registered as a Non-Banking Financial Company (NBFC) with the 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.”
Quality Policy
IREDA is committed to maintain its position as a leading organisation to provide innovative financing in Renewable Energy & Energy Efficiency/Conservation and Environmental Technologies through efficient systems & processes for providing total satisfaction and transparency to its customers.
IREDA shall strive for continual improvement in the quality of services to its customers through effective quality management system.
Main Objectives
Strategic goals of IREDA
- 1To 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.
- 2To maintain its position as a leading organisation to provide efficient and effective financing in renewable energy and energy efficiency / conservation projects.
- 3To increase IREDA`s share in the renewable energy sector by way of innovative financing.
- 4Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.
- 5To strive to be competitive institution through customer satisfaction.
The Main Quality Objectives
Commitment to excellence
- 1Drive towards total customer satisfaction.
- 2Continual upgradation of capability and improvement in the professional skills of employees.
- 3Improvement in efficiency of services provided to customers.
- 4Continual improvement of systems, process and services.