Investment, Electricity Ministers Talk FiT Challenges

Investment, Electricity Ministers Talk FiT Challenges

The Egyptian Minister of Investment, Dalia Khorshed, met with the  Minister of Electricity and Renewable Energy, Mohamed Shaker, to discuss how to reach a middle ground concerning the disputed terms of the second phase of Feed-in Tariff (FiT) program for renewable energy, reported Al Borsa News.

In related news, solar energy firms were considering withdrawing from the first phase of Egypt’s FiT program due to delays, currency risks, and government’s insistence on domestic arbitration and the ministry of electricity was considering international arbitration in the second phase FiT program.

The meeting between the two ministers comes as a part of the county’s strategy to attract foreign investments in Egypt and in the light of the ministry of electricity’s plan to reach 20% renewable energy contribution in the Egyptian energy field.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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