Energy
0

Renewable Power Plants' Dues Settled in Full

Renewable Power Plants' Dues Settled in FullRenewable Power Plants' Dues Settled in Full

The state-run Renewable Energy Organization of Iran, aka SUNA, settled roughly $23.6 million of unpaid dues for purchasing electricity from renewable power stations, the head of the organization said.
"As soon as the Cabinet approved the budget bill, SUNA—an affiliate of the Energy Ministry—cleared its total debt that had exceeded $23 million," Seyyed Mohammad Sadeqzadeh was also quoted as saying by ISNA. 
According to the official, the cost of purchasing power from renewable plants is mostly covered through the sale of electricity and the Cabinet allocates a budget to meet the other expenses.
"SUNA has guaranteed the purchase of electricity from renewable power producers," he said, adding that such incentives will encourage domestic and foreign investments in expanding renewable sources of energy.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com