The Egyptian Electricity Holding Company chief ,Eng. Gaber El Dessouky, said that three companies out of nine made the cut for phase one of FiT program.
The Egyptian Minister of Electricity stated the ministry's approval on international arbitration in case the investors refused Egyptian arbitration tribunal.
The Egyptian Ministry of Electricity and Renewable Energy is considering international arbitration in the second phase of Feed-in Tariff (FiT) program for renewable energy.