{"id":567646,"date":"2020-12-02T04:04:26","date_gmt":"2020-12-02T04:04:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/"},"modified":"2020-12-02T04:04:26","modified_gmt":"2020-12-02T04:04:26","slug":"benban-solar-developers-get-a-break","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/","title":{"rendered":"Benban solar developers get a break"},"content":{"rendered":"

<\/a> It\u2019s settled: Benban solar developers get reduced cost-sharing bill. <\/strong>The Egyptian Electricity Transmission Company (EETC) has signed an agreement with 32 solar developers operating at the Benban plant that will cut their cost-sharing bill by EGP 300 mn to EGP 1.6 bn, the local press<\/a> reports, citing unnamed sources familiar with the matter. The agreement, which was first reported in October<\/a>, will allow the developers to pay the sum across six installments over a five-year period, an earlier portion of which will be interest-free.<\/p>\n

This is the second time the EETC has agreed to lower the bill<\/strong>, which was originally priced at EGP 2.4 bn in May 2019. The dispute dates back to that year, when the EETC raised the bill by 25%<\/a> citing higher-than-expected building costs, without notifying the developers<\/a> who refused to pay the increase.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s settled: Benban solar developers get reduced cost-sharing bill. The Egyptian Electricity Transmission Company (EETC) has signed an agreement with 32 solar developers operating at the Benban plant that will cut their cost-sharing bill by EGP 300 mn to EGP 1.6 bn, the local press reports, citing unnamed sources familiar with the matter. The agreement, […]<\/p>\n","protected":false},"author":1,"featured_media":567647,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9159],"tags":[572,1284,2551,93,72,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-benban-solar-park","tag-eetc","tag-egyptian-electricity-transmission-company","tag-energy","tag-enterpriseam","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"861860a7-c70b-4e22-a923-a0f108d0df90","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/45.jpg","photo_position":"above","related_issue":[567636],"teaser":"","voice_url":""},"yoast_head":"\nBenban solar developers get a break - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benban solar developers get a break\" \/>\n<meta property=\"og:description\" content=\"It\u2019s settled: Benban solar developers get reduced cost-sharing bill. The Egyptian Electricity Transmission Company (EETC) has signed an agreement with 32 solar developers operating at the Benban plant that will cut their cost-sharing bill by EGP 300 mn to EGP 1.6 bn, the local press reports, citing unnamed sources familiar with the matter. The agreement, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T04:04:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/45.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Benban solar developers get a break\",\"datePublished\":\"2020-12-02T04:04:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/\"},\"wordCount\":138,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/45.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Benban solar park\",\"EETC\",\"Egyptian Electricity Transmission Company\",\"energy\",\"EnterpriseAM\",\"renewables\"],\"articleSection\":[\"RENEWABLES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/benban-solar-developers-get-a-break\/\",\"name\":\"Benban solar developers get a break - 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The companies working on\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597167,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/17\/eetc-looking-to-settle-egp-1-9-bn-cost-sharing-bill-with-benban-solar-companies\/","url_meta":{"origin":567646,"position":2},"title":"EETC looking to settle EGP 1.9 bn cost-sharing bill with Benban solar companies","author":"enterpriseam admin","date":"17 July 2019","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) will hold a meeting with the Benban Solar Energy Developer Association to settle the EGP 1.9 bn rise in the cost-sharing bill for projects in the Benban solar park, EETC sources tell the local press. According to the sources, the companies working on the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595645,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/eetc-ge-sign-agreement-for-monitoring-center-for-benban-solar-park\/","url_meta":{"origin":567646,"position":3},"title":"EETC, GE sign agreement for monitoring center for Benban solar park","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) and General Electric (GE) have signed an agreement to establish an EGP 89 mn monitoring center for the Benban solar park, Al Mal reported. The agreement comes as part of the government\u2019s strategy to develop the energy sector. 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The project, which will be completed in 12 months, is a precursor\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627819,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/","url_meta":{"origin":567646,"position":5},"title":"EETC issues tender for control center in Benban as developers complain of infrastructure issues","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) issued a tender for a control center in Aswan\u2019s USD 2.8 bn Benban solar park, according to company sources. 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