Fit | Egypt Oil & Gas - Part 3
Egypt to Finalize FiT Phase I Deals
The Egyptian Ministry of Finance is preparing to sign power purchase agreements with nine renewable energy companies in the first phase of the Feed-in-Tariff (FiT) energy purchasing program before the end of November,...
Egypt Expanded in Renewable Energy
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the Egyptian electricity sector launched 3 new renewable energy tenders under the build, own, and operate (BOO) system. The tender...
FiT Asked for $8.5m Guarantee
The Egyptian Ministry of Electricity and Renewable Energy asked for $8.5m guarantees from each company in the first phase of renewable energy purchasing Feed-in Tariff (FiT) program, reported Al Borsa. Companies are r...
Egypt to Launch Waste-to-Energy FiT
Egypt is planning to launch a Feed-in-Tariff (FiT) program for waste-to-energy projects within December as the cabinet’s economic committee has completed its review of the program’s terms and conditions, reporte...
New Firms Joined FiT Program
Sources with the Egyptian Ministry of Electricity stated that nine companies, including Scatec, Infinity Solar, Alef Solar and IRC Solar, have finished their financial closure to sign with phase I of the energy purcha...
EETC Signed 3 FiT Deals
The Egyptian Electricity Transmission Company (EETC) signed three Feed-in-Tariff (FiT) phase I agreements with Nubian, ARC, and Irena with investments estimated at $250m and a production capacity of 125MW. The compani...
Infinity Solar Signed for FiT Phase I
The Egyptian Electricity Transmission Company (EETC) signed an agreement to purchase energy from Infinity Solar. Infinity Solar’s Director, Nayer Fouad, stated that the company agreed with the German bank LP to ... Egypt to Boost Renewable Energy by 20%
The Egyptian New and Renewable Energy Authority’s (NREA) Chairman, Mohamed El Sobky, stated by 2022 Egypt would have increased power production from renewable resource by 20%. El Sobky added that NREA has tender...
