New Delhi: Dr Bijay Kumar Mohanty has assumed the additional charge as Chairman & Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA) on Wednesday. Presently, he is serving as Director (Finance) in the organisation.

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The Ministry of New & Renewable Energy (MNRE) has entrusted him with the additional charge for a period of three months, or until the appointment of a regular incumbent, or until further orders, whichever is earlier.

Dr Mohanty has been serving as Director (Finance) of IREDA since October 12, 2023, and as the company's Chief Financial Officer since October 16, 2023. He is a Fellow Member of the Institute of Cost Accountants of India and holds a bachelor's degree in Commerce, along with master's degrees in Philosophy (Commerce) and Public Administration from Utkal University, Odisha. He also holds a master's degree in Commerce from Delhi University, a Bachelor of Law degree from Utkal University, and a Doctor of Philosophy (PhD) in Commerce from the Kalinga Institute of Industrial Technology, Bhubaneswar.

Before joining IREDA, he headed the Smart Metering Division at REC Power Development and Consultancy Limited (RECPDCL) and served as Senior General Manager (Finance & Accounts) at REC Limited.

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With over 27 years of experience across IREDA, REC, CESCO and GRIDCO, Dr Mohanty brings extensive expertise in project financing, renewable energy, and power sector development.

He succeeds Pradip Kumar Das, who superannuated as CMD of IREDA on June 30.

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