{"id":622782,"date":"2018-10-11T04:35:51","date_gmt":"2018-10-11T04:35:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/"},"modified":"2018-10-11T04:35:51","modified_gmt":"2018-10-11T04:35:51","slug":"egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/","title":{"rendered":"Egypt to fine Saudi\u2019s Fas for delay in Benban solar energy project"},"content":{"rendered":"

The Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera) has decided to fine Fas Energy, a subsidiary of Saudi Arabia\u2019s Al Hokair Group, for a delay in completing a 50 MW solar power plant in Benban under phase one of the feed-in tariff program, sources close to the matter said<\/a>. The agency wants to fine Fas USD 35k per day of delay, to be paid retroactively as of August, until the project is completed. The agreement stipulates that the Saudi company must pay USD 700 per MW for each day the project is delayed. Fas sources reportedly said the project would be complete and connected to the national grid within two months and that it would pay the fines.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera) has decided to fine Fas Energy, a subsidiary of Saudi Arabia\u2019s Al Hokair Group, for a delay in completing a 50 MW solar power plant in Benban under phase one of the feed-in tariff program, sources close to the matter said. The agency wants to […]<\/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":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622782","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4e81cf5a-4cd3-4bb9-ba91-1c1e4e4e3fc0","order":"0","is_powered_by":true,"section_story_id":"5daf3739-1be3-4488-a43c-eaea4353f33d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622753],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to fine Saudi\u2019s Fas for delay in Benban solar energy project - 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\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to fine Saudi\u2019s Fas for delay in Benban solar energy project\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera) has decided to fine Fas Energy, a subsidiary of Saudi Arabia\u2019s Al Hokair Group, for a delay in completing a 50 MW solar power plant in Benban under phase one of the feed-in tariff program, sources close to the matter said. The agency wants to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-11T04:35:51+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\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to fine Saudi\u2019s Fas for delay in Benban solar energy project\",\"datePublished\":\"2018-10-11T04:35:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/\"},\"wordCount\":131,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/egypt-to-fine-saudis-fas-for-delay-in-benban-solar-energy-project\/\",\"name\":\"Egypt to fine Saudi\u2019s Fas for delay in Benban solar energy project - 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The project is being implemented under phase one of the feed in-tariff\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":623083,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/fas-energy-reportedly-completed-usd-75-mn-50-mw-solar-power-plant-under-fit-phase-one-program\/","url_meta":{"origin":622782,"position":1},"title":"Fas Energy reportedly completed USD 75 mn 50 MW solar power plant under FiT phase one program","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"Fas Energy, a subsidiary of Saudi Arabia\u2019s Al Hokair Group, reportedly completed a 50 MW solar power plant under phase one of the feed-in tariff program for USD 75 mn, an unnamed official from the New and Renewable Energy Authority said, according to Al Mal. 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