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Thursday, 24 October 2019

Cabinet signs off on Egypt’s waste-to-energy tariff at EGP 1.40 / kWh

CABINET WATCH- Gov’t signs off on waste-to-energy tariff: The Madbouly Cabinet approved yesterday setting the feed-in tariff (FiT) rate for waste-to-energy (WtE) projects at 140 piasters per kWh, according to an official statement. The tariff will be payable in EGP and will remain in place for 25 years. Under the tariff decision, the governorate in which a WtE project is set up will pay 103 piasters per kWh, while the remaining 37 piasters will be paid by sanitation organizations falling under the Environment Ministry’s jurisdiction. We’ve been waiting for the government to set the official WtE rate for over two years, since the days when Sherif Ismail was prime minister. The government has been mulling several frameworks for the tariff, including setting the rate on a case-by-case basis according to investors’ offers, and creating a three-tier system for different energy sources.

The ministers also signed off on legalizing a total of 64 churches and their affiliated buildings across the country, bringing the total number of churches whose status has been legalized to 1,235.

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