Decision today on international arbitration in FiT program phase II? Electricity Minister Mohamed Shaker is expected to announce at a press conference today whether international arbitration would be allowed in phase two of the feed-in tariff (FiT) program, Al Mal reports. He is also expected to announce the cabinet-approved FiT rates for the second phase, which sources claim will be in the range of USD 0.08-09 per kWh for 20-50 MW projects against USD 0.14 per kWh in the first phase. Cabinet also apparently approved last week raising the FiT rate for every 200 KW of power generated from roof-installed solar panels to EGP 1 per kWh from EGP 0.82.

Today is the final session of the House of Representatives before its summer recess begins, Ahram Gate reported. The House is set to vote today on the Civil Service Act (after failing to reach quorum the last time the bill was put up for a final vote) and to discuss a report by the Legislative and Constitutional Affairs Committee on the agreement between Egypt and Bahrain to avoid tax evasion and double taxation.

Finance Minister Amr El Garhy will speak this week at the 6th EFG Hermes London MENA and Frontier Conference, where he is expected to discuss Egypt’s economic reform agenda, according to a statement from the investment bank yesterday. El Garhy will speak about “(a) restoring macroeconomic stability through well-crafted and coordinated fiscal and monetary policies; (b) implementing structural reforms in the area of streamlining the business environment, enhancing export activities, and supporting the industrial sectors; and (C) adopting ambitious well-targeted social programmes that provides adequate support to the vulnerable and the poor.” Execs from 92 companies will meet with investors from some 155 institutions through Thursday.