Elf looks to expand into waste-to-energy projects once FiT is set

EMG subsidiary Elf will be looking to jump on the waste-to-energy bandwagon once the Egyptian government sets the feed-in tariff (FiT), Elf Managing Director Islam Soliman tells Al Borsa. Officials had said last month that the government will not be announcing a new tariff for waste-to-energy projects before October due to the existing surplus in electricity. In the meantime, Elf — in partnership with SAG Germany — will be working on its 50 MW solar power plant in Benban Aswan, where construction is due to begin in August. The plant, which is being financed by China’s GEDI, should start feeding power into the national grid by 2Q18, Soliman adds.