Industrial Energy Efficiency Program in Iran
Revolving Fund for Energy Efficiency Projects
Revolving Fund for Energy Efficiency Projects

Revolving Fund for Energy Efficiency Projects


The United Nations Industrial Development (UNIDO) in cooperation with Iranian Fuel Conservation Organization (IFCO) as a governmental counterpart of UNIDIO in Iran and with the financial support of Global Environment Facility (GEF) are in effort to implement one of the main components of Industrial Energy Efficiency (IEE) project in Iran and provide a financial facility named “Revolving Fund”.

The United Nations Industrial Development (UNIDO) and an Iranian bank provide a Revolving Fund in interest of energy efficiency projects in Iran which the agreements with the bank will be finalized soon.

The national coordinator of IEE project in UNIDO, Nasim Shekari said that industries of Iran are encouraged to implement the energy efficiency projects and benefited from these low-interest loans.

Elsewhere in her remarks, Shekari added that the payback time for the loans are considered around three years in order to guarantee the sustainability and continuity of this facility for the new energy efficiency projects in Iran.

The coordinator of this program in Iranian Fuel Conservation Organization (IFCO), Houri Jafari explained that according to agreements, one third to half of primary capital is supplied by UNIDO and the rest is provided by the bank and then added the financial managing of the Revolving Fund such as selecting appropriate projects, agreements with applicants and payback facilities are all in the bank responsibility. Also, according to Shekari, those projects benefitted from this facility will be chosen and ranked after evaluation in a technical committee constituted of representatives from UNIDO and IFCO.

“The recall for receiving energy efficiency projects and using the facility will be announced on the website of Iranian Fuel Conservation Organization (IFCO) (http//ifco.ir) as well as the IEE project website (ieeiran.ir) in a month”, Shekari noted.