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Tuesday, 15 November 2016

Government considers repricing waste-to-energy production tariffs

The Ismail government will raise its waste-to-energy production tariffs, Electricity Minister Mohamed Shaker told Al Borsa, adding that EGP 0.92 per kWh is not attractive enough to encourage large-scale investments in the sector. Earlier in the month, the government had announced plans to launch a feed-in-tariff (FiT) program for waste-to-energy projects by December as part of ongoing efforts to diversify the country’s energy sources. Phase two of the fee-in tariff program for renewable energy projects also remains on track, according to the minister.

Meanwhile, some local business leaders are complaining to Al Mal that the FiT appears to be almost exclusively geared towards foreign investors as it fails to take into account the rising costs of production that local producers have to bear, particularly after the government’s recent decision to float the EGP.

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