IREDA Functions and Duties

IREDA Functions and Duties

  • Main Objectives
  • Quality Policy
  • Quality Objective
Indian Renewable Energy Development Agency Ltd
  • IREDA has been awarded “Navratna”  status in 2024 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 :
  1. 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.
  2. To maintain its position as a leading organization to provide efficient and effective financing in renewable energy and energy efficiency / conservation projects.
  3. To increase IREDA`s share in the renewable energy sector by way of innovative financing.
  4. Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.
  5. To strive to be competitive institution through customer satisfaction.
Quality Policy

IREDA is committed to maintain its position as a leading organization to provide innovative financing in Renewable Energy & Energy Efficiency/Conservation and Environmental Technologies through efficient system & 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.

Quality Objectives
  1. Drive towards total customer satisfaction.
  2. Continual upgradation of capability and improvement in the professional skills of employees.
  3. Improvement in efficiency of services provided to customers.
  4. Continual improvement of systems, process and services.

All concerned shall implement the Quality Policy & Quality Objectives with full devotion & dedication to achieve IREDA’s Mission.

Last Updated on 29/04/2024