Name of organization: Indian Renewable Energy Development Agency Ltd.
The IREDA is primarily a source of loan assistance either from the funds allocated by the Indian government or external financial sources. The main current source of funds for small hydel development is the US$ 70 million made available to the IREDA through a World Bank loan for disbursement for setting up of irrigation canal/dam-based small hydro projects of up to 15 MW capacity. A separate project to prepare a master plan for development of small hydro power in the hilly regions has been launched with a funding of US$ 7.5 million from UNDP/GEF.
Business type: Govt. of India Enterprise
Focus: To accelerate the momentum of development and large scale utilization of renewable energy sources and primarily for promoting, developing and financing renewable energy development projects
Capital Cost (Rs. Crores / MW) – 3.5 -6.0
Generation Cost (Rs. / KWH) – 1.50 -3.50
Benefits:
- Generation cost is low once deployment.
- Continuous source of energy.
- Amount of power generated at one time is too high.
Achievements: http://solstice.crest.org/renewables/ireda/smallhydro.html
List of manufacturers: http://mnes.nic.in/frame.htm?majorprog.htm
Address:
The Managing Director Indian Renewable Energy Development Agency
Core 4-A, East Court, 2nd Floor India Habitat Centre Lodhi Road
New Delhi – 110003
Telephone: +91-11-4682208/4682211
FAX: +91-11-4682202
Web Site: http://ireda.nic.in/
Contact: vbakthavatsalam@hotmail.com
Keywords: IREDA, renewable, hydro, power, rural , area, loan assistance, finance.
