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Sunday, 10 July 2016

Electricity ministry to present 1,000 MW second phase of renewable energy projects within days

Meanwhile, the electricity ministry pitch investors “within days” on the 1,000 MW second round of renewable energy projects under the feed-in tariff system, apparently undeterred by the holdup of current feed-in tariff contracts, government sources told Al Borsa. The second phase targets wind and solar energy projects in Upper Egypt. The government is committed to buying around 4,200 MW of the first phase as part of the feed-in tariff system, a source said, but remains insistent on domestic arbitration of disputes under FiT contracts. What’s the endgame? We’re looking for the government to give up on the arbitration issue as the cost of getting producers to accept lower prices under in this second phase.

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