The Finance Ministry has issued letters of guarantee for 15 of 30 solar power companies for their projects under Phase 2 of the feed-in tariff (FiT) program, unidentified government sources tell Al Borsa. The ministry will issue the remaining 15 letters before the end of next week. The Egyptian Electricity Transmission Company has accepted the financial offers presented by ACWA Power, Acciona, Swicorp, Shapoorji, TAQA Arabia, Infinity, IB Vogt, Orascom, Elswedy, and IDF, among others, according to the sources.

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