Question

The indian renewable energy development agency limited was set up in the year ____ ?
a. 1980
b. 1982
c. 1985
d. 1987

Answer 1

Hint: Indian renewable energy development agency is a Government company established as a non-banking financial institution in 1987, providing financial assistance for the promotion, development and establishment of new and renewable sources of energy and energy efficiency / conservation projects with the motto engaged in doing: "ever for energy".

Complete answer:
The Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category - I) Government of India Enterprise, under the administrative control of the Ministry of New and Renewable Energy (MNRE).

The main objectives of IREDA are:
- To provide financial assistance to specific projects and schemes for generating electricity and / or energy through new and renewable sources and to conserve energy through energy efficiency.
- To maintain its position as a leading organization for providing efficient and effective financing in renewable energy and energy efficiency / conservation projects.
- To increase IREDA's stake in the renewable energy sector through innovative financing.
- Improving the efficiency of services provided to customers through continuous improvement of systems, processes and resources.

Hence, the correct answer is option (D).

Note:
To maintain its position as a leading organization for providing efficient and effective financing in renewable energy and energy efficiency/conservation projects. Improving the efficiency of services provided to customers through continuous improvement of systems, processes and resources. Objective To provide financial assistance to specific projects and schemes for generating electricity energy through new and renewable sources and for conservation of energy through energy efficiency.