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State Bank of Pakistan enhances scope of financing facility for establishment of renewable energy power projects

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Karachi: The State Bank of Pakistan has enhanced the scope of financing facility for establishment of new power projects using renewable energy with a view to promoting the use of renewable energy and meeting the growing electricity demand of the country.

It has now been decided that banks /DFIs can also consider financing requests of the sponsors for setting up Power Projects up-to a maximum capacity of 20 MW in cases where only Biomass/Biogas is used as renewable energy source, keeping in view the terms and conditions of the Scheme for Financing Power Plants Using Renewable Energy, according to an IH and SMEFD Circular Letter No.01 of January 18, 2012.

It may be recalled that earlier under the Scheme, which was announced by SBP vide its SMEFD Circular No. 19 of December 01, 2009, the financing facility was allowed for establishment of new Power Projects Using Renewable Energy with a capacity of up-to 10 MW.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563


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