EBRD tapped to select consultant for Egypt’s IPP energy market design

The European Bank for Reconstruction and Development (EBRD) will be selecting on behalf of the Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera) a consultant to design the independent power producer (IPP) framework, according to the domestic press. The EBRD has invited banks with relevant experience to submit their bids and will announce the winning bid next month. The contract is expected to cost Egyptera c. EUR 465k. Anonymous Electricity Ministry sources said earlier this year that the government is looking to end its reliance on power purchased from the private sector under the feed-in tariff (FiT) program in favor of the IPP framework, which allows private companies to directly sell power to consumers while paying the state a fee to use the national grid for transmission.