Is the Electricity Ministry looking to force industry to go green with quota for renewable energy?
Is the Electricity Ministry looking to force industry to go green with quota for renewable energy? It looks like we’re moving from generating renewable energy to mandating its consumption locally: The Electricity Ministry is reportedly looking to force factories to source a minimum percentage of their power needs from renewable energy, ministry sources tell Al Mal. The ministry is planning to implement the quota sometime in mid-2019, the sources said. Industry can apparently expect to have to source 6-8% of its energy from renewable sources under the plan.
Reaction from both industry and the renewables sector has been positive, the newspaper reports.
Ministry setting rules for how private sector sells renewable energy to consumers: This comes as the ministry looks to establish a domestic market privately generated renewable energy buy establishing guidelines on how private renewable companies distribute and charge homeowners and consumers for electricity. As we noted yesterday, the Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) has reportedly been holding high-level meetings to discuss the pricing scheme for power produced and sold under an independent power producer (IPP) framework. Under the framework, private companies are allowed to directly sell power to consumers while paying the state a fee to use the national grid for transmission. Eni is reportedly one of five companies that have approached the Electricity Ministry with offers to build solar power stations under the framework.