The government still has no intention of repricing contracts signed under the feed-in tariff program, as many renewable energy companies have been urging, New and Renewable Energy Authority (NREA) chief Mousa Omran, tells Al Mal in an interview. NREA is planning projects worth USD 440 mn in FY2017-18 compared to USD 220 mn this year, he adds.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…