More energy companies could be withdrawing from phase one of the feed-in tariff (FiT) program if the Electricity Ministry doesn’t respond to their financial and technical offers soon, Al Borsa reported. The Egyptian Electricity Transmission Company (EETC) had signed power purchase agreements and received offers for the project over four months ago. The Ismail cabinet is currently reviewing the offers but only three out of nine companies have reportedly made the cut, according to unnamed ministry officials. As for phase two of the FiT, sources said, the EETC has sent its contracts over to interested companies earlier this week and is expecting to receive confirmation of funding guarantees by April.

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