Egypt plans to produce 20% of its electricity from renewable sources by 2022.
(Courtesy CIA.gov) |
The government is considering a mechanism to allow the feed-in tariff (the price of electricity fed into the national grid) to rise when the price of electricity produced from fossil fuel rises. The Electricity Ministry said the aim would be to ensure that renewable energy producers can profit from their projects.
Nine government agencies have signed contracts to buy electricity produced by renewable energy plants in different parts of the country.
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