The Indian Renewable Energy Development Agency, an enterprise under the New and Renewable Energy Ministry, has presented a dividend cheque for Rs.14.54 crore to the Union Government for financial year 2009-0.

According to a press release, IREDA's dividend payment to Government had increased by 29.24 per cent compared to the last financial year. Loan sanctions and disbursements also increased over the last fiscal, said the release.

IREDA funds wind, small hydro, co-generation, biomass and solar thermal sectors.