SBP relaxes conditions for renewable energy solution providers

In a bid to promote investment in renewable energy solutions by companies, the State Bank of Pakistan (SBP) has relaxed the conditions for renewable energy solution providers.
A statement was released that stated that the All Renewable Energy Investment Entities (RE-IEs) interested in installing renewable energy projects were given a green signal to avail refinance under category III of the scheme.
“The requirement of AEDB certification has been relaxed for Renewable Energy Investment Entities that do not undertake installations on their own, but hire the services of installers/vendors for installation of RE projects/solutions.”

For more news and blogs, read AH Group