CBI discusses with banks the controls of the renewable energy initiative

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CBI discusses with banks the controls of the renewable energy initiative

 

Under the patronage of His Excellency, the Governor of the Central Bank of Iraq, Mr. Mustafa Ghalib Mukheef, the Central Bank of Iraq, organized a discussion seminar on financing electricity generation systems from renewable energy.

The Deputy Governor of the Central Bank said: This initiative opened the door to developing the future of renewable energy in Iraq after coordination with the Ministries of Environment and Electricity.

The Central Bank of Iraq invited representatives of the concerned authorities in the two ministries, governmental and private banks, the Iraqi Private Banks League, and the beneficiaries of its initiative to attend the symposium and discuss the controls for expanding the use of electricity generation systems from renewable energy at the levels of domestic, commercial and industrial use, and financing it in installments for those wishing to benefit from it through an initiative approved by the Bank’s Board of Directors amounted to About a trillion dinars.

It is noteworthy that this initiative was sponsored by the Central Bank of Iraq to alleviate the burdens of energy shortage on the citizen, reduce carbon emissions into the air and maintain a clean environment in Iraq.

 

 

Central Bank of Iraq

Media Office

23 Dec 2021