The feed-in tariff for waste-to-energy projects is likely to rise to EGP 1.08-1.40 per kWh from EGP 0.92 per kWh and will be announced by the end of March, government officials tell Al Borsa. Businesses had been hoping for a rate of EGP 1.10 per kWh, the same tariff recommended by the government committee tasked to study the issue, which was meant to submit its report by the end of last December.
More from Enterprise
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and…