Egypt: Government to Support Development of Renewable Energy

Egypt looks to the future with renewable energy plan (The Arab Weekly)

Egypt plans to produce 20% of its electricity from renewable sources by 2022.

(Courtesy CIA.gov)

Renewable energy projects are getting state support, easy and long-term loans from banks and a long list of clients, including gov­ernment agencies, ready to buy the electricity produced.

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.

Read More........