The Egyptian Ministry of Electricity and Renewable Energy will present a detailed report to the cabinet explaining the situation of new and renewable energy projects and the demands of investors to complete the projects, reported Daily News Egypt.
Sources at the government stated that the submitted letter explains electricity production current remnant, which amounts to 4,000 MW a day. It further reports on the latest discussions regarding the Gulf of Suez wind farm, which will be implemented by Toyota alliance adding the demands of investors regarding renewable energy feed-in tariff (FiT) projects.
The energy companies implementing projects under the terms of second phase of the FiT program submitted formal requests to the New and Renewable Energy Authority (NREA) in order to amend the solar energy projects tariff as they want to change the structure of payment in the solar energy tariff from the fixed EGP 8.88 dollar exchange rate.
In addition they seek to reduce the specified value for land use by roughly 1% of the produced energy, and abolish the value of cost-sharing related to road works and transformer stations.