{"id":622717,"date":"2018-10-10T05:44:45","date_gmt":"2018-10-10T05:44:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/"},"modified":"2018-10-10T05:44:45","modified_gmt":"2018-10-10T05:44:45","slug":"government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/","title":{"rendered":"Government to offer facilitated funding, other incentives for renewable power production"},"content":{"rendered":"<p><strong>Gov\u2019t unveils new incentives for renewable power industry: <\/strong>The report from IRENA came just one day after the Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) unveiled new incentives for the renewable energy industry, <a href=\"https:\/\/almalnews.com\/Story\/393025\/59\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D9%82%D8%AF%D9%85-%D8%AA%D9%8A%D8%B3%D9%8A%D8%B1%D8%A7%D8%AA-%D9%84%D8%AA%D8%B4%D8%AC%D9%8A%D8%B9-%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D9%85%D9%86-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AC%D8%AF%D8%AF%D8%A9\">Al Mal reports<\/a>. In addition to being given priority in connecting to the national grid, renewable energy companies will also be offered land for their projects under usufruct contracts with the same tenor as their power purchase agreements with the government. Under the new guidelines, <strong>the state will also be issuing letters of guarantee for any venture that will produce more than 500 KW of electricity<\/strong>.<\/p>\n<p><strong>The Finance Ministry is also pledging to facilitate low-interest household financing<\/strong> for renewable energy installations. The program would offer a 4% interest rate for household projects that produce up to 200 KW of power and an 8% interest rate for those that produce between 200-500 KW. The treasury will mobilize in parallel some EGP 2 bn in initial financing for the development of the nation's power distribution grid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t unveils new incentives for renewable power industry: The report from IRENA came just one day after the Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) unveiled new incentives for the renewable energy industry, Al Mal reports. In addition to being given priority in connecting to the national grid, renewable energy companies will also be [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622717","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e6cdad50-b9f8-4d94-9af7-0e9b5dfdfcb1","order":"0","is_powered_by":true,"section_story_id":"4e0c65c0-42af-4a13-98df-473ac602eff0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622700],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Government to offer facilitated funding, other incentives for renewable power production - 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\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government to offer facilitated funding, other incentives for renewable power production\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t unveils new incentives for renewable power industry: The report from IRENA came just one day after the Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) unveiled new incentives for the renewable energy industry, Al Mal reports. In addition to being given priority in connecting to the national grid, renewable energy companies will also be [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-10T05:44:45+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\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government to offer facilitated funding, other incentives for renewable power production\",\"datePublished\":\"2018-10-10T05:44:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-to-offer-facilitated-funding-other-incentives-for-renewable-power-production\/\",\"name\":\"Government to offer facilitated funding, other incentives for renewable power production - 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No details of the investment have been released. The renewable\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575681,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/sczone-investor-incentives-could-be-ready-by-next-month\/","url_meta":{"origin":622717,"position":2},"title":"SCZone investor incentives could be ready by next month","author":"enterpriseam admin","date":"22 October 2020","format":false,"excerpt":"LEGISLATION WATCH- SCZone investment incentives could be ready by next month: A package of economic and regulatory incentives being prepared by the Suez Canal Economic Zone (SCZone) and the government to attract investors will be ready in a month, SCZone head Yehia Zaki said during a general assembly meeting with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567248,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/ebrd-invests-usd-60-mn-in-egypts-infinity-energy\/","url_meta":{"origin":622717,"position":3},"title":"EBRD invests USD 60 mn in Egypt\u2019s Infinity Energy","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"INVESTMENT WATCH- EBRD invests USD 60 mn in Egypt\u2019s Infinity Energy: The European Bank for Reconstruction and Development (EBRD) has become a shareholder in Infinity Energy after investing USD 60 mn equity in the energy company, according to an official statement. 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