Foreign companies submit proposals for waste-to-energy plants at varying feed-in tariff rates

Two foreign companies have submitted proposals to the environment and electricity ministries for waste-to-energy plants at varying feed-in tariff (FiT) rates, Assistant Environment Minister Fatma Mohsen said, Al Borsa reports. According to Mohsen, a Portuguese company submitted a proposal with an estimated tariff of EGP 1.45 per kWh, while a Chinese company’s offer sets the tariff at EGP 2.00 per kWh. As we noted yesterday, a FiT rate of EGP 1.45 per kWh has been earmarked but is pending final cabinet approval.