Fit | Egypt Oil & Gas - Part 2
Egypt’s Feed-in-Tariff to Remain Unchanged
The Egyptian Electricity Ministry will not increase the Feed-in-Tariff (FiT) for renewable energy projects in the second phase of the program, as solar energy companies had been hoping, Al Mal reported. Ministry’...
Electricity Ministry to Discuss FiT Phase 2 with Investors
An official source at the Egyptian Electricity Ministry said that the renewable energy companies in the second phase of the Feed-in Tariff (FiT) program are set to discuss with the ministry the payment schedule for th...
Solar Energy Companies Threaten to Withdraw from FiT
More energy companies could be withdrawing from phase one of the feed in tariff (FiT) program if the Ministry of Electricity doesn’t respond to their financial and technical offers soon, El Borsa reported. The Egypti...
Firms Invest $3b in Phase II of FiT
Thirty one companies are contributing in phase II of the energy purchasing Feed-in Tariff (FiT) program with investments $3b to build solar and wind power plants with capacity 1,845MW, reported Daily News Egypt. Sourc... Egypt Reimbursed Firms Withdrawing from FiT
The Egyptian Ministry of Electricity and Mineral Resource reimbursed 10 companies that withdrew from the energy purchasing Feed-in-Tariff (FiT) projects in the city of Benban, Aswan, reported Al Borsa. The withdrawing...
NREA to Fast-Track Delayed FiT Projects
The New and Renewable Energy Authority (NREA) plans to finalize a number of energy purchasing Feed-in-Tariff (FiT) projects in the first quarter of 2017, reported Daily News Egypt. NREA’s interim Chairperson, Mo...
Global, Local Banks to Fund FiT with $3b
30 international and local banks are interested to get in talks with renewable energy projects in order to finance phase II of the Feed-in-Tariff (FiT) projects with $3b, reported Daily News Egypt. Governmental source...
Egypt to Keep FiT Solar Rates As-Is
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the ministry will not reprice its contracts with the renewable energy companies under the energy purchasing feed-in tariff (FiT) p...
