Iran considers establishing energy bank

Nov 01, 2009 01:00 AM

Energy Ministry is in talks with Central Bank and Ministry of Finance and Economic Affairs to establish a specialized energy bank, the managing director of Iran Power Generation, Transmission, and Management Company (Tavanir) announced. Mohammad Behzad was quoted as saying that the bank would finance the country's energy projects, particularly those of the power sector.
"The ministries of Finance and Economic Affairs and Energy have filed their request to the Central Bank and the negotiations are underway," he explained.

Iranian Oil Minister Masoud Mirkazemi has said the bank would place the priority on offering facilities to the private sector.

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