According to the subject, Dr. Maryam Javan shahraki, UNIDO-Iran representative, emphasized the capability of the mentioned Fund and said We are hopeful to encourage industries to implement more energy efficiency projects, with allocating low interest loans to them.
The coordinator of this program in Iranian Fuel Conservation Organization (IFCO), Houri Jafari explained that according to the agreement, one third to half of primary capital is supplied by UNIDO and the rest is provided by the Pasargad bank. Those projects benefitted from this facility will be selected and ranked after evaluation in a technical committee constituted of representatives from UNIDO and IFCO. It should be mentioned that the financial evaluation would be through Pasargad Bank.
In call for proposals for revolving fund, which is published on IEEIRAN.IR, it is explained that those projects are only capable which are recognizable with a maximum of 600,000 US Doller investments. This fund allocation may be differed by each projects form and characteristic. It should be restated that share of the loan would be between 75 -90 percent of the total investment cost, While the execution time for receiving the loan should be less than one year and the payback should be less than 3 years as a result.
Nasim Shekari, the National Coordinator of the project Industrial Energy Efficiency in 5 key Sectors in Iran with a brief explanations and guidance, brought the subject into conclusion and said Those industries which meet the initial conditions of receiving facilities and are willing to receive loans can participate in the evaluation process by completing the project evaluation form and sending it to the electronic addressn.shekari@unido.organdazadmehr@ifco.irUp to April 30, 2019.
She also restated; In this project, the Pasargad Bank will be responsible for financial management of the Fund at all stages, including contracting with the beneficiaries and repayment of the facilities
