<p>The Indian Renewable Energy Development Agency Ltd (IREDA) has sanctioned loans worth Rs 12,696 crore and has disbursed Rs 8,785 crore, supporting capacity addition of 5,673 MW during 2019-20, a Ministry of New & Renewable energy statement said.</p>.<p>At the 33rd Annual General Meeting (AGM) of IREDA, the PSU under the Ministry of New & Renewable Energy held on November 11, the annual accounts for the financial year 2019-20 were adopted.</p>.<p>Addressing the directors and shareholders, Pradip Kumar Das, CMD, IREDA, highlighted the performance of FY 2019-20 and informed that gross income of the company increased to Rs 2,372.38 crore, registering a growth of 17.32 per cent.</p>.<p>IREDA has sanctioned loans of Rs 12,696 crore and disbursed Rs 8,785 crore. Loan sanctioned during the (financial) year including co-financed projects/takeover loans would support capacity addition of 5,673 MW (in 2019-20) as against 3,266 MW in 2018-19.</p>.<p>The CMD emphasized that green energy portfolio of the country is consistently growing in terms of both quantity and quality; and is expected to get a further boost with various policy initiatives of the government, such as Pradhan Mantri Kisan Urja Suraksha even Utthan Mahabhiyan (PM-KUSUM) scheme, Solar & Wind hybrid technologies, Biofuels such as Ethanol and Compressed Bio Gas (CBG), E-mobility and associated infrastructure, Off-shore Wind energy, Solar Roof-top programme etc.</p>.<p>He further added that IREDA will continue its efforts with various international and multilateral lenders for new lines of credit to meet the resource needs of the Renewable Energy sector.</p>.<p>The IREDA would also continue its efforts in raising funds from other sources and work towards creation of various alternative financial instruments.</p>
<p>The Indian Renewable Energy Development Agency Ltd (IREDA) has sanctioned loans worth Rs 12,696 crore and has disbursed Rs 8,785 crore, supporting capacity addition of 5,673 MW during 2019-20, a Ministry of New & Renewable energy statement said.</p>.<p>At the 33rd Annual General Meeting (AGM) of IREDA, the PSU under the Ministry of New & Renewable Energy held on November 11, the annual accounts for the financial year 2019-20 were adopted.</p>.<p>Addressing the directors and shareholders, Pradip Kumar Das, CMD, IREDA, highlighted the performance of FY 2019-20 and informed that gross income of the company increased to Rs 2,372.38 crore, registering a growth of 17.32 per cent.</p>.<p>IREDA has sanctioned loans of Rs 12,696 crore and disbursed Rs 8,785 crore. Loan sanctioned during the (financial) year including co-financed projects/takeover loans would support capacity addition of 5,673 MW (in 2019-20) as against 3,266 MW in 2018-19.</p>.<p>The CMD emphasized that green energy portfolio of the country is consistently growing in terms of both quantity and quality; and is expected to get a further boost with various policy initiatives of the government, such as Pradhan Mantri Kisan Urja Suraksha even Utthan Mahabhiyan (PM-KUSUM) scheme, Solar & Wind hybrid technologies, Biofuels such as Ethanol and Compressed Bio Gas (CBG), E-mobility and associated infrastructure, Off-shore Wind energy, Solar Roof-top programme etc.</p>.<p>He further added that IREDA will continue its efforts with various international and multilateral lenders for new lines of credit to meet the resource needs of the Renewable Energy sector.</p>.<p>The IREDA would also continue its efforts in raising funds from other sources and work towards creation of various alternative financial instruments.</p>