KARGIL RENEWABLE ENERGY DEVELOPMENT AGENCY (KREDA)
KREDA is a registered agency (Reg. No 5909-S-2010) under the Govt. of Jammu and Kashmir Society Registration Act 1999 and works with the objectives of promoting and accelerating the pace of utilization of hydro, solar and wind energy and meeting the power requirements in Kargil-Ladakh. In the year 2010 the Ministry of New and Renewable Energy Govt of India (MNRE) vide its sanctioned order No: even dated 1.6.2010 has assigned various renewable energy based schemes like Micro/Mini/Small Hydel Project, Solar Photo-voltaic (SPV) System and other Solar Thermal Systems etc., as part of its Ladakh Renewable Energy Initiative (approximately Rs.260 crore project), to KREDA.
"BE A PIONEERING, PARTICIPANT FRIENDLY AND COMPETITIVE INSTITUTION FOR FINANCING AND PROMOTING SELF-SUSTAINING INVESTMENT IN ENERGY GENERATION FROM RENEWABLE SOURCES, ENERGY EFFICIENCY AND ENVIRONMENTAL TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT".