The Electricity Ministry has decided to set EGP 1.35 per kWh as the maximum feed-in tariff (FiT) rate for waste-to-energy (WtE) projects, unidentified government sources tell Al Borsa. This is the same rate the ministry charges energy intensive electricity projects in order to balance the books on WtE projects, the source added. The state budget will cover any potential future increases in the tariff. Reports had emerged earlier this month that the Ismail Cabinet was looking to set a three-tier tariff system, with the highest rate set at EGP 1.60 per kWh.
More from Enterprise
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…