In order to curtail the ongoing energy crisis, the State Bank of Pakistan on Wednesday announced that it will enhance the scope of financing facility for setting up of new power projects using renewable energy with a view to promoting the use of renewable energy and meeting the growing electricity demand of the country.
It has now been decided that banks/DFIs can also consider financing requests of the sponsors for setting up power projects up to a maximum capacity of 20 MW in cases where only biomass/biogas is used as renewable energy source, keeping in view the terms and conditions of the scheme for financing power plants using renewable energy, according to an IH&SMEFD Circular Letter No.01 of January 18, 2012. Earlier, under the scheme, which was announced by SBP vide its SMEFD Circular No. 19 of December 1, 2009, the financing facility was allowed for setting up of new power projects using renewable energy with a capacity of upto 10 MW.
Comments
Comments are closed.