Subsidy Reform Plan

The Subsidy Reform Plan established a government expenditure of 30% of the net fund gained by implementing this law on grants, loan interest subsidies or managed funds for the following purposes: technology structure modification of manufacturing divisions to improve energy efficiency; water; and expansion of electricity generation from renewable resources. The objective of the policy, amongst others, is to encourage the private sector to invest in renewable energy. The second phase of the plan is currently is in process.