The director general of the budget, investment facilitation and financial resource mobilization office said: By granting low-interest facilities to medium-scale power plants up to 3 megawatts, the comprehensive financing of renewable power plants was implemented, which can increase the speed of growth and development of renewable power plants in the country.
According to Satba Public Relations, Seyyed Mehdi Hosseini stated that the signing of the memorandum of understanding for granting Riyal facilities to renewable power plants is suitable for granting low-interest facilities to medium-scale power plants up to 3 megawatts in accordance with clause (3) of article (5) of the executive regulations of the article (16) The knowledge-based production leap law has been provided, he added: The said facility with a maximum rate of nineteen percent, the breathing period and repayment period is a total of 60 months; The facility ceiling for each applicant will be up to 70% of the initial investment, with priority for green electricity supply contracts, self-supplying power plants for industries and renewable power plants located in industrial towns as well as specialized solar towns.
According to the announcement of the general manager of the budget office, facilitating investment and equipping Satba’s financial resources, granting facilities to the applicants will be introduced to the operating banks through Satba after reviewing the technical, financial, economic and environmental reports of the projects.
Hosseini added: After the exchange of a memorandum of cooperation between SATBA and the National Development Fund for the purpose of financing projects for the construction of renewable power plants from Article 12 of the Law on Removing Obstacles to Competitive Production and Self-Supplying Industries, with the exchange of this memorandum, the comprehensive financing of renewable power plants is implemented This trend can increase the speed of growth and development of these power plants in the country.
He continued: Accordingly, all applicants and investors in this area can refer to the Satba website at https://www.satba.gov.ir/u/16d to receive additional information on how to submit an application and documents required to receive facilities. do
It should be noted that the memorandum of understanding on granting Riyal facilities to renewable power plants was signed and exchanged with the aim of financing at least thirty thousand billion Tomans within 5 years.
A memorandum of understanding for granting Riyal facilities to renewable power plants was exchanged and signed between Dr. Mahmoud Kamani, head of the Renewable Energy and Electricity Efficiency Organization (SATBA) and Dr. Mohammad Sadeq Khayatian, CEO of the Innovation and Prosperity Fund, at the SATBA location on December 5.
