Solar power companies ask for two-week extension on financial close deadline for FiT projects

Solar power companies that have signed power purchase agreements with the state for projects in Benban, Aswan under the feed-in tariff program have asked the Electricity Ministry for a two-week extension on their financial close deadline, which expires this month, Al Borsa reports. A number of companies had complained in September that infrastructure development for the solar power complex was moving at a much slower pace than expected, causing concern as they work towards financial close.