Back to the complete issue
Tuesday, 14 November 2017

Negotiations underway for Finance Ministry to guarantee FiT payments

The Electricity Ministry is in negotiations with the Finance Ministry to issue payment guarantees of USD 3 bn for projects that are part of phase 2 of the FiT program,ministry sources told Al Mal. The EETC is expecting to pay EGP 3.3 bn per year for power from the FiT program.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.