IREDA sanctioned loans of Rs 14,000 crore for renewable energy projects in Maharashtra, Energy News, ET EnergyWorld

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New Delhi: Government renewable energy project finance company IREDA has sanctioned loans worth Rs 14,445 crore and disbursed Rs 10,018 crore for various green energy projects in Maharashtra. IREDA (Indian Renewable Energy Development Agency Limited) in association with Mahratta Chamber of Commerce, Industries and Agriculture (MCCAI) organized a workshop on “Greening India through Renewable Energy” on May 20, 2022 at Pune, Maharashtra, according to an IREDA statement.

In his keynote address, Pradip Kumar Das, CMD, IREDA, urged industry leaders and investors in Maharashtra to pay attention to the renewable energy (RE) sector and invest in RE projects that are not only generate clean energy, but also reduce Co2 emissions and improve quality. of life.

Das highlighted IREDA’s commitment to the development of renewable energy projects in all states including Maharashtra, noting that out of a total loan of Rs 1,20,946 crore sanctioned by IREDA, Rs 14,445 crore were sanctioned for 422 RE project accounts in Maharashtra.

The company disbursed Rs 10,018 crore in Maharashtra alone out of its total loan disbursement of Rs 79,446 crore.

In FY22, IREDA sanctioned loan of Rs 2,564 crore for 12 RE project accounts and disbursed Rs 1,362 crore in Maharashtra.

Hailing the company’s achievements over the past two years despite the COVID-19 outbreak, Das said IREDA’s historic financial results would not have been possible without the collective efforts of all departments.

He also pointed out that IREDA could be the only central public sector company to publish its audited financial results on April 30, 2022, just 30 days after the end of the financial year.

The driving forces behind these outstanding achievements are teamwork, honesty, transparency and commitment to stakeholders, he said.

The presentation of the theme at Friday’s event was given by Chintan Shah, Director (Technical), IREDA.

He said India can transform the landscape of the renewable energy sector by creating an ecosystem for renewable energy manufacturing and storage manufacturing.

IREDA also finances the production of renewable energies at competitive interest rates. This will boost the domestic manufacturing sector.

Prashant Girbane, Managing Director of MCCAI, said greening India through renewable energy is very important to reduce energy costs and create employment opportunities.

Deepak Karandikar, Vice President, MCCAI, and Rajesh Mutha, President, Maharashtra Solar Manufactures Association (MASM), highlighted several challenges for the development of the renewable energy sector.

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