Good News for Solar Power Plant Loan Applicants: Will the 400-Million-Toman Facility Be Increased?

The deputy minister of energy announced consultations to raise the cap on the 400-million-toman facilities for building home solar power plants.

Ambassador Arjan: The Deputy Minister of Energy announced a consultation to increase the facility ceiling of 400 million tomans for the construction of domestic solar power plants.

Mohsen Tarzataleb, Deputy Minister of Energy, said about the increase in the facility ceiling due to the increase in prices: Yes, due to the increase in prices, the amount of the current facility does not meet the needs of the applicants and the request of the applicants is correct in this regard. We are also negotiating to increase the amount of the facility.

He added: "Recently, we re-injected funds to the bank to be allocated for use in platforms related to domestic power plants." Our effort is to increase the facility by 400 million tomans.

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Tarztaleb continued: "At the moment, I don't know exactly how much the colleagues have negotiated with the relevant parties in this regard, but due to the increase in prices, the amount of the facility will definitely increase so that the applicant's contribution does not exceed 20%."