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Colombian Govt. facilitates credit for purchasing PV cells

Bogota, Sep 9 (Prensa Latina) The Colombian Government announced on Monday the launching of a credit line that will allow low-income households to access financing for the acquisition and installation of solar photovoltaic systems.

According to the Ministry of Mines and Energy, this will be possible thanks to the signing of a memorandum of understanding between this entity and the Ministry of Housing, City and Territory and the National Savings Fund (FNA).

This agreement will facilitate families in strata 1, 2 and 3 (those with the lowest incomes) to access clean energy technologies, improve their infrastructure, reduce their energy bills and maintain this benefit in the long term.

The measure provides that users may finance the acquisition and installation of solar photovoltaic systems with an estimated investment range of between 10 and 20 million pesos (from US$ 2,300 to US$4,700 at the current exchange rate).

The credits may be for affiliates with severance payments or with voluntary savings, which opens the possibility for all interested sides, according to the Ministry of Mines.

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