23 solar companies present initial funding approval letters for FiT projects

23 solar power companies, including Scatec Solar, Orascom Construction, Al Fanar, and Acwa Power have presented initial approval letters from international finance institutions to fund their projects in the second phase of the feed-in tariff program, Al Borsa reports. Separately, the Egyptian Electric Utility and Consumer Protection Agency’s (Egyptera) board of directors is set to discuss granting renewable energy companies five-year energy production licenses during its Tuesday meeting, Al Borsa says. Egyptera’s board will also discuss granting Infinity Solar a 25-year license for its 50 MW plant in Benban, Aswan, according to the newspaper.