Jan 31, 2016, 8:44 PM
News Code: 81943505
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120 million euro loan cashed from Islamic Development Bank

Isfahan, Jan 31, IRNA – Managing Director of Isfahan Regional Electricity Company Rasoul Mussa Rezaei announced that 120 million euro has been received from Islamic Development Bank (IDB) as loan to execute electricity projects in Isfahan and Charmahal and Bakhtiari provinces.

He told IRNA on Sunday that there are five approved projects by Tavanir, but lack of budget prevented its execution.
Rezaei also said that repayment of the loan will start five years after operation of projects for a duration of nine years.
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