FiT Challenged with Devaluation Backlash

• Monday, 7th November 2016
• by Sarah Samir

Construction companies and solar firms withdrew from new and renewable energy projects due to increased costs as a result of EGP devaluation.

Fuel Subsides to Reach EGP 64b

• Sunday, 6th November 2016
• by Sarah Samir

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation.