Five foreign power distribution companies have presented offers to the Egyptian Electricity Holding Company (EEHC) for USD 250 mn worth of waste-to-energy (WtE) projects, unidentified government sources tell the local press. The proposals came from Emirati, Chinese, Indian, and Canadian companies looking to construct WtE power plants using biogas and burnable agricultural waste with production capacities ranging between 10 and 20 MW. According to the sources, the Egyptian Electric Utility and Consumer Protection Agency (Egyptera) has already approved setting the feed-in tariff for WtE projects at EGP 1.03 per kWh.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…