Renewable Power Plants' Dues Settled in Full
Renewable Power Plants' Dues Settled in Full
Thursday, June 21, 2018

Renewable Power Plants' Dues Settled in Full

Thursday, June 21, 2018

Renewable 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.


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