News ID: 1530
Date: Monday 22 July 2024 - 20:10

As a result of the suppression of the private sector, there will be severe disharmony in electricity from 2020

As a result of the suppression of the private sector, there will be severe disharmony in electricity from 2020
A member of the board of directors of the Syndicate of Electricity Producers said: The stoppage of private sector investment in power plant construction caused that during the sixth development plan, even the construction of a power plant was not started by the non-governmental sector.

According to Energy Press, Mohammad Ali Vahdati, a member of the board of directors of the syndicate of electricity producing companies, told reporters: No bank in the country has the ability to finance 250 million euros for the construction of a 500 megawatt power plant, and the only place that can provide these financial resources. National Development Fund. He added: About 10 years ago, the National Development Fund did not provide facilities with the argument that the power plants have rial income and may not be able to repay the foreign currency facilities, until it was approved by the government board in April 2014 that the Central Bank at the time To receive the installments of Rials from the power plants and provide them with currency at the official exchange rate to pay the installments of the National Development Fund after the National Development Fund paid the facilities of the approved power plants. Stating that this process continued until 2017, Vahdati said: In 2017, we faced a jump in the exchange rate, and the Central Bank stopped the legal process it was doing, and the power plants had problems in repaying the facilities received from the National Development Fund.

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