Cabinet approves first phase of 1 GW Eni solar plant

Cabinet has approved the first 200 MW phase of Eni’s planned 1 GW solar plant, paving the way for the Electricity Ministry to start negotiating energy prices with the Italian company, sources at the Egyptian Electricity Transmission Company (EETC) told the domestic press. The cabinet and the EETC are reportedly open to maintaining a sale price of USD 0.027 per kWh, the same as the energy produced by the Kom Ombo plant. We previously reported in February that Eni was in talks with the ministry to invest USD 1 bn in a 1 GW solar facility.