The government has set a base FiT rate for waste-to-energy projects at EGP 1.21 per kWh to account for cost increases after the EGP flotation, and stipulated that 50% of the rate be calculated according to the exchange rate on payday, sources from the ministry tell Al Borsa. According to the sources, the rate will increase to EGP 1.45 per kWh if the USD rate continues to rise. Businesses had suggesteda rate of EGP 1.10 per kWh.

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