Developers to Withdraw from Egypt’s FiT Program
Monday, 15th August 2016
Up to 35 solar energy firms are considering withdrawing from the first phase of Egypt’s Feed-in Tariff (FiT) program due to delays, currency risks, and government's insistence on domestic arbitration, as developers announced after meeting with the Minister of Electricity and Renewable Energy, Mohamed Shaker,
Egypt Secures $17.7b in Funding from Japan
Wednesday, 2nd March 2016
Egypt's President Abdel Fattah Al-Sisi held meetings with Japanese Prime Minister Shinzo Abe during his state visit to Tokyo in attempt to boost mutual cooperation in the energy, education and development sectors. The countries reached an agreement to provide almost $18b in Japanese funding to Egypt for multiple projects.