The Central Bank and the Environment confirm the imminent launch of loans for alternative energy

local| 10:13 – 09/24/2021


Baghdad – Mawazine News
The Ministry of Environment announced, on Friday, the completion of the National Committee for the Central Bank initiative, its work to set the latest model specifications regarding granting loans for various activities, including residential, industrial and agricultural, in addition to citizens’ homes for the purpose of purchasing solar energy systems.
And the ministry indicated in a statement that Mawazine News received a copy of it, that “the Deputy Governor of the Central Bank confirmed during his presidency of the meeting, which reviewed all the latest specifications that ensure that the systems are easy to use, sustainable, specifications and high quality for use by citizens and other activities,” pointing out that “Loans are at an interest rate of no more than 1%, and they are considered like zero-interest loans.”
Al-Yasiri revealed, according to the statement, that “the launch of specifications and loans will soon, and 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy, not only at the level of state institutions only, but will include homes but also at the level of housing complexes with soft loans and all industrial and agricultural activities.” And others,” noting that “the Central Bank and the concerned banks will be ready to receive loan applications, and we will inevitably see a great demand for such loans, especially since it will end the suffering of citizens from spending on private generators and the pollution they cause to air and hearing, and to go to solar energy systems that provide sufficient hours and clean energy.” Insured and at a lower cost.
In turn, the head of the Central Organization for Standardization and Quality Control, Hussein Ali Daoud, explained that “the agency has set determinants and governing controls that the techniques and equipment used are of international origin, high durability and long sustainability to ensure the success of this transition towards solar energy, and the installation process will be carried out under the supervision of the engineering cadres of the distribution departments in the Ministry of Electricity.” .
For his part, Director General of the Environmental Awareness and Information Department at the Ministry of Environment, Amir Ali Al-Hassoun, affirmed that “this national effort falls within the national plan of the government and the Ministry of Environment regarding climate changes and Iraq’s commitment to the Paris Climate Expenditure, in addition to achieving sustainable development goals and the ministry’s awareness-raising approach for the purpose of changing behavior towards renewable energy.” He explained that “it is one of the tasks that we are still promoting in all sectors of Iraqi society, and this committee is one of the outputs of the awareness and media effort that targets all government sectors, civil society organizations, unions, private sector institutions and citizens.” Ended 29/A4

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