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Wednesday, 17 July 2019

EETC looking to settle EGP 1.9 bn cost-sharing bill with Benban solar companies

The Egyptian Electricity Transmission Company (EETC) will hold a meeting with the Benban Solar Energy Developer Association to settle the EGP 1.9 bn rise in the cost-sharing bill for projects in the Benban solar park, EETC sources tell the local press. According to the sources, the companies working on the solar projects are refusing to pay the sum, which is a result of increased building material costs, but the banks financing these projects are on board to extend additional financing to cover the cost increases.

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