Egypt's Electricity Ministry has begun work on electricity interconnection projects with Saudi Arabia, Jordan, Syria, Lebanon, Iraq, Morocco, Libya, Tunisia, and Algeria, in a bid to export the surplus power.

The Egyptian Electricity Ministry will not increase the Feed-in-Tariff (FiT) for renewable energy projects in the second phase of the program.

The renewable energy companies in the second phase of the Feed-in tariff (FiT) program are set to discuss with the Electricity Ministry the payment schedule for the companies’ projects, and the exchange rate at which the companies will be paid.

The Korean Green Technology Center (GTC) is planning to invest $450m in waste-to-energy products across Egypt .

Orascom Telecom Media and Technology Holding (OTMT) plans to establish a $100m solar energy plant that will bolster Egypt’s energy production by adding a capacity factor of 50MW.