Iran requires finances to develop its energy sector

Oil&Gas Materials 1 October 2022 11:51 (UTC +04:00)

TEHRAN, Iran, October 1. Iran’s renewable energy sector needs financial resources to develop, said Managing Director at Renewable Energy and Energy Efficiency Organization of Iran (SATBA) Jafar Mohammadnejad Sigaroudi, Trend reports citing IRNA.

The country’s renewable energy power plants have been developed in recent years, thanks to partnership with the private sector, but there are still concerns regarding necessary financing, he said.

He also said there are existing problems with lack of specialists and startup companies, as far as renewable energy sector is concerned.

He pointed out that Iran's Ministry of Oil should support development of renewable energy sector in the country.