Prime Minister Narendra Modi visited the Indian Renewable Energy Development Agency (IREDA) pavilion at the “Utkarsh Odisha: Make in Odisha Conclave 2025” in Bhubaneswar today. Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, welcomed the Prime Minister and provided an overview of the organization’s 37-year legacy as India’s leading green energy financing institution.
During the interaction, Shri Das highlighted IREDA’s critical role in driving renewable energy projects to support India’s target of achieving 500 GW non-fossil fuel installed capacity by 2030. This aligns with the nation’s Panchamrit strategy and its vision for Viksit Bharat 2047.
The Prime Minister was accompanied by Odisha Chief Minister Shri Mohan Charan Majhi, Governor Dr. Hari Babu Kambhampati, and other dignitaries. The IREDA pavilion, themed “Responsible for Renewables,” showcased the organization’s innovative contributions to sustainable development and its efforts in financing clean energy projects across the country.
CMD Shri Pradip Kumar Das expressed gratitude for the Prime Minister’s visit and reaffirmed IREDA’s commitment to supporting India’s transition to green energy. He emphasized the organization’s dedication to achieving net-zero emissions by 2070 and fostering a self-reliant, sustainable future through robust financial backing for renewable energy initiatives.
The event was also attended by Dr. Bijay Kumar Mohanty, Director (Finance), along with other senior officials from IREDA. The Indian Renewable Energy Development Agency (IREDA), a public sector undertaking under the Ministry of New and Renewable Energy (MNRE), is a pivotal institution in promoting clean energy initiatives in India. Established in 1987, IREDA specializes in financing renewable energy and energy efficiency projects, contributing significantly to India’s transition toward a sustainable energy future.
Its diverse portfolio spans solar, wind, hydro, biomass, and energy efficiency projects, supporting both large-scale infrastructure and innovative technologies. By providing financial solutions, including loans and grants, IREDA empowers stakeholders to implement green energy projects, fostering economic growth while addressing climate change. Recognized for its role in driving India’s renewable energy ambitions, IREDA remains instrumental in achieving the nation’s target of 500 GW of renewable energy capacity by 2030.
