20 solar power companies have submitted their preliminary documents for financial close on their projects in Benban to the Egyptian Electricity Transmission Company (EETC), government sources tell Al Borsa. Others are reportedly “scrambling” to complete their paperwork by today, the deadline set by the Electricity Ministry for funding under phase two of the feed-in tariff (FiT) program. Electricity Ministry sources tell the newspaper that 10 other companies withdrew from implementing projects under FiT phase two because they were unable to secure funding in time.

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