The Egyptian Electricity Ministry is looking to collect the EGP 1.2 b in overdue power bills owed by public sector companies.

The Egyptian Ministry of Electricity and Renewable Energy delayed receiving three bids for a tender meant to build wind farms and solar power plants in Aswan and west of the Nile with total capacity 650MW.

The Egyptian Ministry of Electricity is moving forward with ongoing negotiations with Saudi’s ACWA Power to build power plant in Dairut, at a capacity 2250MW.

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 continue to phase II of the program.

Three firms are ready to sign energy purchasing agreements with the Egyptian Electricity Transmission Company (EETC) under Egypt's phase I of the Feed-in-Tariff (FiT) program.

Egypt's Gabal el Zeit wind farm will start operation in 2017. The facility's power production will reach 7110MW of wind electricity by 2022.

Banks and international financial institutions have agreed to fund projects in phase II of Egypt's Feed-in-Tariff (FiT) program after meeting the Egyptian Minister of Electricity, Mohamed Shaker.

Egypt's Misr Iran Bank will fund EGP 200m to two government authorities, the Ministry of Electricity and Renewable Energy and the Ministry of Petroleum and Mineral Resources, with each getting EGP 100m in funding.

The US firm, Recovered Energy Company, made an offer to the Egyptian Ministry of Electricity and Renewable Energy that aims to improve effectiveness of production units in 6th of October power plant, with investments estimated at $30m

Karm Solar Company announced its endorsement of The Egyptian Ministry of Electricity's FiT program and agreed to the Power Purchase Agreement terms in regards to domestic arbitration.