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.
El Sewedy Electric is in talks with financial institutions for a loan to fund its 50MW solar power plant project in Benban as part of the feed-in tariff (FiT) program.
Egypt's Minister of Electricity, Mohamed Shaker, will meet with renewable energy investors to discuss their demands regarding the feed-in tariff projects.
Egypt’s Ministry of Electricity and Renewable Energy is currently negotiating, with four consulting firms, the construction reports of four energy substations in Benban, Aswan.
PV module manufacturer REC and a subsidiary of local telecoms company Orascom Telecom Media and Technology Holding (OTMT) have signed an agreement to work together on solar projects in Egypt.