Director (Projects)

Indian Renewable Energy Development Agency Limited; New Delhi; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Indian Renewable Energy Development Agency Limited (IREDA) invites applications for the role of Director (Projects). The incumbent will oversee wind, solar, hydro projects, appraisal, monitoring and coordination of lending operations, reporting to the Chairman.

The candidate should be an engineering graduate, with MBA an advantage, and at least five years in technical/ techno-economic/financial project appraisal; experience in power/renewable sectors is desirable.

Qualifications

• The applicant should be an Engineering graduate or equivalent with good academic record.
• Applicants holding MBA/Post Graduate Diploma in Management will have an added advantage.

Responsibilities

• Develop and enforce strategy for marketing of lending products and grow project finance operations.
• Identify new business opportunities and conduct techno-commercial appraisal of projects.
• Oversee appraisal, monitoring and coordination for financed projects.

Education

Engineering graduate or equivalent

Job description

I. COMPANY PROFILE

Indian Renewable Energy Development Agency Limited (IREDA) was incorporated under the Indian Companies Act, 1956 with the objective to promote, develop and extend financial assistance for setting up projects involving Renewable Sources of Energy. IREDA is a Schedule 'A' CPSE in Financial Services sector with the administrative jurisdiction of the Ministry of New and Renewable Energy. IREDA is also registered with RBI as Non-Banking Financial Company (NBFC). IREDA has been conferred the status of Nav Ratna by the Government of India in May 2024. The company has a wholly owned subsidiary company, namely IREDA Global Green Energy Finance IFSC Limited.

The company employed 167 regular employees (Executives: 151 & Non-executives: 16) as on 31.01.2025.

The authorized and paid-up share capital of the IREDA is Rs. 6000 crores and Rs. 2687.76 crores respectively as on 31.01.2025.

It is Registered and Corporate offices are at New Delhi.

The shareholding of Government of India in IREDA is 75% and public is 25% as on 31.01.2025.

II. JOB DESCRIPTION AND RESPONSIBILITIES

Director (Projects) is a member of the Board of Directors and reports to Chairman and Managing Director. He looks after projects consisting of Wind, Solar, Biomass, Cogeneration, Hydro, Energy Efficiency & Conservation and Development, E-Mobility, New Resources for Energy Generation, Appraisal, Monitoring, Co-ordination and Consultancy Services.

He is responsible for developing and enforcing sound strategy for effective marketing of products to carry out the lending operations, identification of new business operations, encompassing techno-commercial appraisal of projects identified, ensuring sound and effective follow-up mechanism for timely implementation of the financed projects.

III. ELIGIBILITY

1. AGE: On the date of occurrence of vacancy (DOV) Age of superannuation 60 years
2. Internal Others
3. 45 2 years residual service as on the date of vacancy w.r.t. the date of superannuation.
4. 45 3 years residual service as on the date of vacancy w.r.t. the date of superannuation.

2. EMPLOYMENT STATUS

The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-

• (a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
• (b) Central Government Group 'A' Officers including the Armed Forces of the Union and All India Services and officers from Public Sector Banks/ Financial Institutions/ Autonomous
• (c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs.5,000 crore or more;
• (d) Private Sector in company where the annual turnover is *Rs.5,000 crore or more.

Preference would be given to candidates from listed Companies.

(* The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)

3. QUALIFICATION

The applicant should be an Engineering graduate or equivalent with good academic record from a recognized University/Institution.

Applicants holding MBA/Post Graduate Diploma in Management will have an added advantage.

4. EXPERIENCE

The applicant should have at least five years of cumulative experience/exposure during the last ten years in areas of Technical/ Techno-Economic / Financial/ Environmental appraisal of Projects including Project Monitoring.

Applicants having experience in Power / Renewable Energy Sector will have added advantage.

5. PAY SCALE

Central Public Sector Enterprises - Eligible Scale of Pay

• Rs. 7,250-8,250 (IDA) Pre 01/01/1992
• Rs. 9,500-11,500 (IDA) Post 01/01/1992
• Rs. 20,500-26,500 (IDA) Post 01/01/1997
• Rs. 51,300-73,000 (IDA) Post 01/01/2007
• Rs. 120,000-280,000 (IDA) Post 01.01.2017
• Rs. 18,400-22,400 (CDA) Pre-revised Post 01.01.1996
• Rs. 37,400-67,000 + GP 10,000 (CDA) Post 01/01/2006
• Rs. 144,200-218,200 (Level 14) (CDA) Post 01/01/2016

Note: For internal candidates of IREDA, the eligible scale is Rs. 100,000-260,000 (IDA) 01/01/2017 or equivalent.

The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of vacancy.

(b)

• (i) Group 'A' officers of the Central Government including All India Services (AIS) and Autonomous Bodies etc. should be holding a post of the level of Joint Secretary in Govt. of India or carrying equivalent scale of pay on substantive basis on the date of application.
• (ii) Applicants from Public Sector Bank/ Financial Institutions should be holding at Board level or at least a post of the level immediately below the Board level for one year on the date of application.
• (iii) Applicants from the Armed forces of the Union should be holding a post of the level of Major General in the Army or equivalent rank in Navy/Air Force on the date of application.
• (c) Applicants from State Public Sector Enterprises/ Private Sector should be working at Board level position or at least a post of the level immediately below the Board level on the date of application.

6. CONDITION OF IMMEDIATE ABSORPTION FOR CENTRAL GOVERNMENT OFFICERS

Central Government Officers, including those of the Armed Forces of the Union and the All India Services and officers from Public Sector Banks/ Financial Institutions/ Autonomous Bodies etc., will be eligible for consideration only on immediate absorption basis.

IV. DURATION OF APPOINTMENT

The appointment shall be for a period of five years from the date of joining or upto the date of superannuation or until further orders, whichever is earlier.

V. SUBMISSION OF APPLICATIONS

Applicants should submit their applications online only as per the format.

1. The applicants should submit their applications through proper channel as follows:
2. Group 'A' Central Government Officers, including those of the Armed Forces of the Union and All India Services; through Cadre Controlling authority.
3. Officers from Public Sector Banks/ Financial Institutions/ Autonomous Bodies, etc: through their Administrative Ministry/ Department of the Govt. of India.
4. CMDs/MDs/Functional Directors in CPSE: through the concerned Administrative Ministry;
5. Below Board level in CPSE: through the concerned CPSE;
6. CMDs/MDs/Functional Directors in State PSE: through the concerned Administrative Secretary and Cadre Controlling Authority, if any, of the State Government;
7. Below Board level in SPSE: through the concerned SPSE.
8. Private Sector: directly to the PESB.

Applicants from Private Sector must submit the following documents along with the application form:

• (a) Annual Reports of the Company in which currently working for the 3 financial years preceding the calendar year in which the post is advertised (please provide URL or attach/enclose copies);
• (b) Whether the company is listed or not; if yes, the documentary proof (please provide URL or
• (c) Evidence of working at Board level or at least a post of the level immediately below the Board level;
• (d) Self-attested copies of documents in support of age and qualifications.
• (e) Relevant Jobs handled in the past with details.

VI. UNDERTAKING BY THE APPLICANT

An applicant has to give an undertaking as a part of the application that he/she will join the post, if selected. If an applicant does not give such undertaking, the application would be rejected.

VII. THE APPLICANTS CAN EITHER

1. fill up the Application Form online only against this Job Description on the website of PESB - https://pesb.gov.in/ and thereafter forward it online, as specified in para V(1);
2. fill up the Application Form online only against this Job Description on the website of PESB - https://pesb.gov.in/, take a printout and send it offline, as specified in para V(1).

Total timeline for receipt of applications in PESB is 30 days from the date of publication of advertisement in leading National Dailies. Last date for submission of applications by the applicants is by 03:00 PM on 08.09.2025. Last date for nodal officers to forward applications to PESB is by 05:00 PM on 17.09.2025 . No application shall be entertained under any circumstances after the stipulated date. Incomplete applications and applications received after the stipulated date shall be REJECTED.

VIII. Board reserves the right to shortlist applicants for interview, keeping in view the extant guidelines issued from time to time.

IX. Applications are to be addressed to

Secretary,

Public Enterprises Selection Board, Public Enterprises Bhawan,

ALL CORRESPONDENCE WITH THE PUBLIC ENTERPRISES SELECTION BOARD SHOULD BE ADDRESSED TO SECRETARY, PUBLIC ENTERPRISES SELECTION BOARD ONLY.