FINANCING FACILITY FOR SMEs FOR SMALL POWER PROJECTS UPTO 10 MW
http://pakimportexport.com.pk/articles/15157/1/FINANCING-FACILITY-FOR-SMEs-FOR-SMALL-POWER-PROJECTS-UPTO-10-MW/Page1.html
By Of Pakistan
Published on 12/14/2009
The State Bank of Pakistan has introduced financing facility for
establishment of new power projects using renewable energy with a
capacity of up to 10 MW with a view to meeting the growing electricity
demand of the country.
According to a circular (SMEFD Circular No. 19) issued Tuesday, sponsors of power projects can avail financing facility through banks/DFIs for new imported and locally manufactured plant, machinery and equipment. Preference shall be given to projects being established in the less developed areas, it said.
As per eligibility criteria laid down in the circular, financing will be available to the prospective sponsors desirous of setting up of power projects with a capacity of up-to 10 MW, who have completed prescribed requirements of AEDB, the concerned regulatory authority and other relevant govt dept/authority, in compliance with the prevalent Renewable Energy Policy of the GoP.
According to a circular (SMEFD Circular No. 19) issued Tuesday, sponsors of power projects can avail financing facility through banks/DFIs for new imported and locally manufactured plant, machinery and equipment. Preference shall be given to projects being established in the less developed areas, it said.
As per eligibility criteria laid down in the circular, financing will be available to the prospective sponsors desirous of setting up of power projects with a capacity of up-to 10 MW, who have completed prescribed requirements of AEDB, the concerned regulatory authority and other relevant govt dept/authority, in compliance with the prevalent Renewable Energy Policy of the GoP.