Fit | Egypt Oil & Gas

Egyptian Finance Ministry to Issue Letters of Guarantee for 30 Solar Firms

The Egyptian Ministry of Finance plans to issue letters of guarantee for 30 solar energy firms under the terms of phase II of the Feed-in-Tariff (FiT) program.

Egypt Signs PPA with Elsewedy Electric

The Egyptian Electricity Transmission Company (EETC) signed a power purchase agreement (PPA) with Elsewedy Electric to develop, fund, establish, and operate a 50 Megawatt (MW) solar plant in Benban, Aswan, under t ...

AfDB to Finance Three Projects within Egypt’s FiT Program

The African Development Bank (AfDB) is considering financing three projects within the Feed-in Tariff (FiT) program in Benban, Aswan for $60m.

EBRD to Fund 9 Solar Plants

The European Bank for Reconstruction and Development (EBRD) will provide a $205m fund for 9 solar plants in Egypt.

Alfanar Energy Signs PPA for 50 MW Solar Plant

Alfanar Energy recently signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC).

Investors to Acquire Solar Energy Projects in FiT

Ten investors submitted requests to the companies participating in the second phase of the FiT project.

Egypt Allocated $440m for Renewables

New and Renewable Energy Authority (NREA) allocated around $440m for renewable energy projects in fiscal year 2017/2018 compared to $220m in 2016/2017.

EBRD to Finance Five FiT Projects in The Second Phase

EBRD is currently studying to finance five projects in the second phase of the Feed in Tariff (FiT) projects starting from the second half of 2017.

Solar Power Companies Consider Exiting FiT

Seven solar power companies that signed on projects under the terms of the second phase of the feed-in tariff (FiT) program are reportedly considering backing out due to the rising costs.

FAS Energy, Infinite, Elf Qualified for FiT Phase One

Three companies out of nine made the cut for phase one of the feed-in tariff (FiT) program.

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