Fit | Egypt Oil & Gas
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 the 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. The bank has allocated $18m and $20m worth of finances for each project in...
EBRD to Fund 9 Solar Plants
The executive board of the European Bank for Reconstruction and Development (EBRD) approved providing a $205m fund for 9 solar plants in Egypt, reported Al Borsa. EBRD was studying the funding requests of 16 projects ... 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) for 50MW PV plant under the Feed–in–Tariffs (FiT) Program. The plant will be located at the pr... Investors to Acquire Solar Energy Projects in FiT
Ten Egyptian, American, Chinese, French and UAE investors submitted requests to the companies participating in the second phase of the FiT project to contribute or acquire their projects for paying the value of the tr...
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. Furthermore, NREA’s CEO, Mousa Omran, explained that NREA w...
EBRD to Finance Five FiT Projects in The Second Phase
Managing Director for the Southern and Eastern Mediterranean region at the European Bank for Reconstruction and Development (EBRD), Janet Heckman, said that the bank is mulling a decision to finance five projects in t...
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, according to Al Borsa. The c...
