Acceptance of guaranteed renewable energy power purchase contracts as a loan repayment guarantee for banks
With the cooperation of Central Bank of the Islamic Republic of Iran (CBI) and Renewable Energy and Electricity Efficiency Organization (SATBA), banks were obliged to accept the guaranteed electricity purchase contracts of private sector as a loan repayment guarantee for Payment of bank facilities for the construction of renewable power plants.
According to the Public Relations office of SATBA; With the pursuance of SATBA and the with the approval of the CBI, it will be possible to present guaranteed electricity purchase contracts as a loan repayment guarantee for banks across the country in order to receive facilities. Considering the importance of financing for investors, this issue can accelerate the development of renewable power plants in the country and attracting investors in this area.