IREDA Chairman Pradip Kumar Das spoke about Eastern India's importance in achieving India's clean energy targets. He shared this at a CEO's Roundtable during the 18th CII Banking Colloquium in Kolkata today.
Kolkata, 10 Sep 2025
IREDA Chairman Pradip Kumar Das spoke about Eastern India's importance in achieving India's clean energy targets. He shared this at a CEO's Roundtable during the 18th CII Banking Colloquium in Kolkata today.
Eastern India's Renewable Energy Potential
Eastern India has only 20% of its power from renewable sources. This is less than half of India's average of 48%. Das said the region has many chances to grow in solar, pumped storage, battery storage, and green hydrogen. He stressed that good management is key for growth. IREDA has given out over 1.63 lakh crore rupees in its 38 years. It has lost only about 135 crore rupees, showing it is good at getting money back.
Investment Needs and Future Plans
India wants to have 500 GW of clean energy by 2030. This will need about 30 lakh crore rupees of investment. Eastern India will play a big role in making green products, selling them to other countries, and creating jobs for young people. Das also said India needs clear rules about what counts as green investment. He added that big companies will use more green power and need to show how they are helping the environment.
Recovery is key – growth must come with governance. Our strength lies in qualitative project appraisal, where we take prudent calls even in sectors where risk is not fully known, such as green hydrogen, battery storage, and solar manufacturing.
IREDA will continue to support India's journey to become a developed nation by 2047. Follow The Rising News for more verified updates.
Updated 10 Sep 2025, 22:46 IST; source: link
