Financing of renewable energy projects by Indian Renewable Energy Development Agency Limited: Committee on Public Undertakings (2017-18)
The Committee on Public Undertakings (2017-18), present this Twentysecond Report on "Financing of Renewable Energy Projects by Indian Renewable Energy Development Agency Limited (Based on Performance Audit Report No. 12 of 2015)". Indian Renewable Energy Development Agency Limited (IREDA), which operates under the administrative control of the MNRE, was established in March 1987 under the Companies Act, 1956. Subsequently, IREDA was notified as a Public Financial Institution by the GOI in 1995. In 1998, IREDA was registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India. IREDA is a fully Government owned company with authorised share capital of Rs 6,000 crore and paid up capital of Rs 784.60 crore as on 31 March 2017.