SANTA CRUZ DE TENERIFE, March 24. (EUROPE PRESS) –
The Governing Council declared at its meeting this Thursday the suitability of the issuance of loans suitable for materializing ICT by the entity Encorecer Inversiones Naic Sica Plenmente Parterres, SR, in order to build and operate four photovoltaic solar installations in the municipality of Gran Canaria of Telde.
The Executive, which declares suitability by decree -as provided for in the regulations- gives the green light in this way to an estimated investment of 8.3 million euros.
The economic law of the FER (Law 19/1994, of July 6, modifying the Economic and Fiscal Regime of the Canary Islands) provides that the ICT endowments can materialize in the subscription of any financial instrument issued by financial entities and clarifies that The funds raised must be used to finance private projects in the Canary Islands, whose investments are suitable in accordance with the provisions of the article itself.
In any case, the issues must be supervised by the Government of the Canary Islands in order to declare their suitability and have a binding report from the State Tax Administration Agency.
