EETC | Egypt Oil & Gas - Part 4

FiT Asked for $8.5m Guarantee

The Egyptian Ministry of Electricity and Renewable Energy asked for $8.5m guarantees from each company in the first phase of renewable energy purchasing Feed-in Tariff (FiT) program.

New Firms Joined FiT Program

Nine companies, including Scatec, Infinity Solar, Alef Solar and IRC Solar, have finished their financial closure to sign with phase I of the energy purchasing Feed-in-Tariff (FiT) program, while 124 companies will c ...

Egypt to Make EETC Independent

The Egyptian Ministry of Electricity contracted EBS International to work on separating the Egyptian Electricity Transmission Company (EETC) to operate independently from the Egyptian Electricity Holding Company.

Egypt Paid EGP 19.5m to Cairo Solar

The Egyptian Ministry of Electricity reimbursed EGP 19.5m to the company, after it had withdrawn from country's Feed-in-Tariff (FiT) energy purchasing program.

Electricity Minister to Discuss Renewable Projects with Investors

Egypt's Minister of Electricity, Mohamed Shaker, will meet with new and renewable energy investors within the next three weeks to discuss obstacles facing the implementation of feed-in tariff projects.

China, Egypt Start EETC Project Operations

The largest transmission lines project in Egypt’s history, the Egyptian EETC 500kV Transmission Lines Project (EETC Project), a cooperative venture between China Electric Power Equipment and Technology Co. Ltd (CET) ...

EETC to Collect 3rd Aswan Solar Energy Installment

The Egyptian Electricity Transmission Company (EETC) has addressed the solar energy companies’ investors in Aswan to pay the third installment of the EGP 10m cost-sharing agreement that links the solar power plants w ...

Egypt Puts Off 200 MW Solar PV Plant Project

A tender for a 200MW BOO (build-own-operate) solar PV plant project in Egypt has had its deadline extended by six months until December 21st.

EETC Receives Six Land Allocation Calls for Solar Power Plants

The Electricity Transmission Company (EETC) received six land allocation requests from companies that qualified for the New and Renewable Energy Authority’s (NREA) feed-in tariff project to construct solar power plan ...

NBE Offers $894m Loan to Electricity Sector

A coalition of banks led by the National Bank of Egypt (NBE) is offering Egypt’s state-run Egyptian Electricity Transmission Company (EETC) financing worth EGP7b ($894m) to be repaid over 15 years.

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