GTC Korea to invest USD 450 mn in waste-to-energy project if state agrees to raise FiT

Korean investment in waste-to-energy contingent on tariff changes: GTC Korea could invest USD 450 mn in waste-to-energy products across Egypt if the Electricity Ministry agrees to amend the feed-in tariff to EGP 3 per kWh from a current offer of EGP 1.45 per kWh, Al Borsa reports.