Indian Renewable Energy Dev. Agency Annual Financial Results as on 31.03.2018 (4962P)
29 5월 2018 - 4:06PM
UK Regulatory
TIDM89NA
RNS Number : 4962P
Indian Renewable Energy Dev. Agency
29 May 2018
26(th) May 2018
Publication and Posting of Financial Results as on
31.03.2018
The Board of Directors of Indian Renewable Energy Dev. Agency
has approved the annual results for the Financial Year 2017-18 in
its 306(th) meeting held on 26(th) May 2018 at its registered
office in New Delhi. The annual results are available on the
Company's website through the following link:
http://www.ireda.in/writereaddata/Audited%20Financial%20Results%2017-18.pdf
Chief Financial Officer
Mr. Satish Kumar Bhargava
Tel: +91 (11) 26717430
Fax: +91 (11) 26717416
E-mail: skbhargava@ireda.in
For investor enquiries please contact:
Mr. Surender Suyal, Company Secretary & Deputy General
Manager (Finance)
Tel: +91 (11) 26717430
Email: ssuyal@ireda.in
NOTES TO EDITORS
About Indian Renewable Energy Development Agency (IREDA)
We are a 100% Government of India ("GoI") owned enterprise under
the administrative control of the Ministry of New and Renewable
Energy (the "MNRE) with more than 30 years of experience in the
Indian renewable energy sector. We provide financial assistance to
renewable energy projects, companies and manufacturers in India for
power generation, equipment supply and fuel source projects
including wind power, solar power, hydro power, biomass,
co-generation and waste to energy as well as energy efficiency and
conservation. Our comprehensive suite of financial products and
services includes various fund-based financial products including
long-term and short-term project and manufacturing loans, take out
financing, bridge loans and bill discounting, and non-fund based
assistance like performance guarantees, letters of comfort, letters
of undertaking and refinancing schemes. In addition to our
financial products and services, we have also set up our own 50 MW
Solar Photovoltaic Project in 200 MW Kasaragod Solar Park in the
state of Kerala.
We were established as an integral part of and have played a
strategic role in the GoI's initiatives for the promotion and
development of the renewable energy sector in India and have been
involved in the development and implementation of various policies
and structural and procedural reforms in the renewable energy
sector. Under the IREDA-NCEF Refinancing Scheme we utilize funds
received from the National Clean Energy Fund ("NCEF") to refinance
renewable energy projects for bio-mass (up to 10MW) and small hydro
(up to 5MW). We have also been involved in various GoI programs for
the development of renewable energy sector including the Wind GBI
Scheme, the Solar GBI Scheme and the Solar Water Heating System
Capital Subsidy Scheme.
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END
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