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Tuesday, 11 October 2016

Sharkawy & Sarhan issues update on second round of Feed-in Tariff program

DEMYSTIFYING FiT ROUND 2: Law firm Sharkawy & Sarhan issued a report on Monday clarifying the details of the second round of the feed-in tariff (FiT) program, detailing the government’s efforts in attempting to “address some of the drawbacks of Round One,” noting however that “the Round Two tariff comes significantly lower than the Round One tariff, which was indicated by the government in a number of instances as highly lucrative compared to other nearby jurisdictions” such as Jordan and the UAE. The firm urges that “policy makers should take a step back and see beyond the mere comparison of figures… it remains a question for Egypt to prove throughout the Round Two FiT whether it is only about procuring lowest figures possible or [if] there is a will to put some opportunity cost investment for an active renewables energy market. Read the full note here, pdf.

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