Finance Ministry to issue letters of guarantee for 30 solar power companies under FiT phase 2

The Finance Ministry is planning to issue letters of guarantee next week for 30 solar power companies and consortia under the second phase of the feed-in tariff (FiT) program, government sources tell Al Borsa. The Egyptian Electricity Transmission Company had accepted the financial models for their planned power plants in Benban last week, according to the newspaper. The companies will begin work on their respective projects once they receive the letters, according to the sources.