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.
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.
Orascom Construction is in negotiations with three international financing institutions over borrowing $50m to fund a 50MW solar power plant in Benban, Aswan.
Mozambique will start building its first large scale solar plant in early 2017, after the international independent solar power producer, Scatec Solar signed a $80m power sale deal with state-owned utility company El ...