Government postpones issuing waste-to-energy feed-in tariff to October

The government has decided to postpone issuing the new waste-to-energy feed-in tariff (FiT) to October due to a surplus of electricity in the national grid, while consumption levels have not increased in tandem, unnamed government sources tell Al Borsa. The government had set in March a base FiT rate for waste-to-energy projects at EGP 1.21 per kWh, and stipulated that 50% of the rate be calculated according to the exchange rate on the day of payment.