Pasargad Bank's large deposit in the 10,000-megawatt solar power project

In recent days, the president, in response to the performance of Pasargad Bank, complained to Majid Ghasemi, the bank's CEO, that he had promised to build 10,000 megawatts of solar power but had "failed to deliver." This criticism came at a time when the country is facing an electricity shortage crisis and the need to develop renewable energy more than ever before.

The main question now is how did this grand plan come to a standstill?

Apparently, Pasargad Bank has entrusted the implementation of this project to Pasargad Energy Development Company, one of its subsidiaries; and this company had promised through extensive advertising to build a 10,000 megawatt solar power plant.

They also say that, relying on the National Development Fund's financing resolution for 1,500 megawatts, he received large, low-cost loans from Pasargad Bank and several other banks.

But in practice, the result has been something else. It seems that the only output of these promises to date is a small 5-megawatt power plant, relying on equipment provided by SATBA and making maximum use of government capacities.

The project's performance has stalled as its management team has changed several times in recent months, and this instability has led to the departure of a significant number of elites, technical managers, and energy specialists from the complex. These comings and goings have also cast the future of the project into uncertainty.

When the electricity shortage casts its shadow over industries, production, and even the daily lives of people, it is expected that the responsible organizations provide a clear explanation for the reasons behind the halt of these projects. Continuing the current situation not only disrupts the renewable energy development plan but also further erodes public trust in the major promises of quasi-state investors.

The project that was supposed to be a historic leap in solar energy is now at a point that urgently requires accountability, transparency, and serious reevaluation. The energy crisis does not wait for managerial disagreements and bureaucracy; every day of delay will have a heavier cost on the economy and society.

Pezeshkian: Mr. Ghasemi (referring to the CEO of Pasargad Bank) was supposed to install 10,000 megawatts of solar panels, but he backed out, and we don't know why he backed out either.