{"id":598509,"date":"2019-05-27T03:26:06","date_gmt":"2019-05-27T03:26:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/"},"modified":"2019-05-27T03:26:06","modified_gmt":"2019-05-27T03:26:06","slug":"egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/","title":{"rendered":"Egypt to release in August conditions for newly introduced \u201cfalling auction\u201d tenders"},"content":{"rendered":"

The government will unveil in August the conditions for 600 MW-worth of solar projects that will be tendered under a newly-introduced auction system, Electricity Ministry sources told the press<\/a>. The new mechanism will be similar to a Dutch auction, where prices are gradually reduced until a bid is made. The ministry will kick off the first of three tenders under this framework with a 200 MW project at an undisclosed location. The mechanism\u2019s conditions will be set by the International Finance Corporation, which is acting as an advisor to the Egyptian Electricity Transmission Company. Eighteen companies and consortiums, including a consortium led by Orascom and stand-alone tech and industrial giant Toyota Tsusho, have prequalified to bid for the tenders.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government will unveil in August the conditions for 600 MW-worth of solar projects that will be tendered under a newly-introduced auction system, Electricity Ministry sources told the press. The new mechanism will be similar to a Dutch auction, where prices are gradually reduced until a bid is made. The ministry will kick off the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7207],"tags":[2551,93,72,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598509","post","type-post","status-publish","format-standard","hentry","category-energy","tag-egyptian-electricity-transmission-company","tag-energy","tag-enterpriseam","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"dac8fe39-cdf9-4150-afb8-6c837e6b5adc","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[598491],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to release in August conditions for newly introduced \u201cfalling auction\u201d tenders - 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\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to release in August conditions for newly introduced \u201cfalling auction\u201d tenders\" \/>\n<meta property=\"og:description\" content=\"The government will unveil in August the conditions for 600 MW-worth of solar projects that will be tendered under a newly-introduced auction system, Electricity Ministry sources told the press. The new mechanism will be similar to a Dutch auction, where prices are gradually reduced until a bid is made. The ministry will kick off the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-27T03:26:06+00:00\" \/>\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\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to release in August conditions for newly introduced \u201cfalling auction\u201d tenders\",\"datePublished\":\"2019-05-27T03:26:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egyptian Electricity Transmission Company\",\"energy\",\"EnterpriseAM\",\"renewables\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egypt-to-release-in-august-conditions-for-newly-introduced-falling-auction-tenders\/\",\"name\":\"Egypt to release in August conditions for newly introduced \u201cfalling auction\u201d tenders - 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The plant will be implemented under a build-own-operate framework.","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":632251,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/electricity-ministry-receives-four-offers-for-usd-400-mn-worth-of-new-solar-power-projects\/","url_meta":{"origin":598509,"position":2},"title":"Electricity Ministry receives four offers for USD 400 mn-worth of new solar power projects","author":"enterpriseam admin","date":"6 February 2018","format":false,"excerpt":"The Electricity Ministry is reviewing offers from four global and regional energy firms for USD 400 mn-worth of new solar power projects with a total generation capacity of 400 MW, ministry sources reveal to Al Borsa. The companies offered tariffs ranging from USD 0.031-0.038 per kWh, the sources add, explaining\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":598096,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/acwa-submits-lowest-price-in-egyptian-electricity-transmission-cos-200-mw-kom-ombo-solar-plant-tender\/","url_meta":{"origin":598509,"position":3},"title":"Acwa submits lowest price in Egyptian Electricity Transmission Co\u2019s 200 MW Kom Ombo solar plant tender","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"Acwa Power has submitted the best offer in the Egyptian Electricity Transmission Company\u2019s (EETC) tender to build a 200 MW solar power plant in Upper Egypt\u2019s Kom Ombo, offering to sell electricity to the state-owned company at a price of USD 0.0275 per KwH, sources from EETC tell the local\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":597919,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/cabinet-approves-first-phase-of-1-gw-eni-solar-plant\/","url_meta":{"origin":598509,"position":4},"title":"Cabinet approves first phase of 1 GW Eni solar plant","author":"enterpriseam admin","date":"8 May 2019","format":false,"excerpt":"Cabinet has approved the first 200 MW phase of Eni\u2019s 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. 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