Approval of the executive instructions of Note 15 of the single article of the budget law of 1400

Approval of the executive instructions of Note 15 of the single article of the budget law of 1400
Iran Government Cabinet, chaired by Ayatollah Dr. Seyyed Ibrahim Ra'isi, approved an executive order to deliver the saved fuel or transfer it to renewable power plants for sale or supply on the energy exchange.

Accordingly, the government is obliged to deliver the saved fuel or its transfer to renewable power plants with the approval of SATBA up to a ceiling of twenty-five thousand billion (25,000,000,000,000,000) Rials to investors for sale or offering on the energy exchang market.
Confirming this news, the Director General of the Budget Office of SATBA said: "With the efforts of SATBA and in order to implement the legal provisions, it has been decided that the report on the amount of electricity generation of renewable power plants in kilowatt hours each 3 months will be approved by SATBA and will be sent to the Ministry of Petroleum and the Program and Budget Organization.”
The Ministry of Petroleum must also deliver the equivalent of the amount of fuel saved for each producer to them no later than fifteen days after the issuance of the license by the Program and Budget Organization and with a maximum value equal to the amount of investor claims from the government.
He further stated that it is expected that with the realization of the above and the cooperation of other relevant bodies, a major part of the demands of respected investors will be paid and settled.

Feb 12, 2022 09:32
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