New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA) today held its 23rd Stakeholders’ Interaction Meet in New Delhi, chaired by Pradip Kumar Das, Chairman & Managing Director, with active participation from 110 borrowers and business partners across the renewable energy value chain.
Addressing the gathering, CMD Pradip Kumar Das said that improving asset quality, which has helped bring down NPAs, mattered more than headline growth numbers. He called for a collaborative approach among lenders and developers to scale up emerging segments like battery storage and green hydrogen and its derivatives and assured continued efforts to provide loans to renewable energy developers at competitive rates and improve loan turnaround time.
Several Small Hydro Power developers discussed issues about high insurance premiums and the challenges posed by natural calamities in Himachal Pradesh and other states over the past year. Reaffirming its continued commitment to the sector’s development, IREDA’s leadership reiterated that IREDA would continue to provide suggestions to the Ministry of New and Renewable Energy (MNRE) and other government institutions from time to time.
The meet also reviewed stakeholder feedback and reiterated the need for borrowers to maintain high corporate governance standards. The interaction meet concluded with the CMD and senior officials responding to stakeholders’ queries.
