Electricity Ministry sets maximum FiT rate for waste-to-energy projects
The Electricity Ministry has decided to set EGP 1.35 per kWh as the maximum feed-in tariff (FiT) rate for waste-to-energy (WtE) projects, unidentified government sources tell Al Borsa. This is the same rate the ministry charges energy intensive electricity projects in order to balance the books on WtE projects, the source added. The state budget will cover any potential future increases in the tariff. Reports had emerged earlier this month that the Ismail Cabinet was looking to set a three-tier tariff system, with the highest rate set at EGP 1.60 per kWh.