{"id":630728,"date":"2018-04-30T04:15:34","date_gmt":"2018-04-30T04:15:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/"},"modified":"2018-04-30T04:15:34","modified_gmt":"2018-04-30T04:15:34","slug":"energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/","title":{"rendered":"Energy companies that bid for wind projects fail to reach financial close by deadline"},"content":{"rendered":"

None of the companies that bid for EGP 2 bn-worth of wind power projects under phase two of the feed-in tariff program have managed to reach financial close in time, a source from the New and Renewable Energy Authority (NREA) tells Al Mal<\/a>. The deadline expired last Thursday, according to the source, who said that investors had 18 months to sort their funding. The Egyptian Electricity Transmission Company notified NREA last week<\/a> that it would begin withdrawing land plots allocated for wind power projects from investors who have failed to deliver any progress, which include ACWA Power, Infinity, Elsewedy, and Alfanar, who had received 10 sq km each in the Gulf of Suez for wind projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

None of the companies that bid for EGP 2 bn-worth of wind power projects under phase two of the feed-in tariff program have managed to reach financial close in time, a source from the New and Renewable Energy Authority (NREA) tells Al Mal. The deadline expired last Thursday, according to the source, who said that […]<\/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-630728","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b0ac18f2-2a42-46b3-91fe-6dd3557ead13","order":"0","is_powered_by":true,"section_story_id":"7ac3bc65-00a8-453c-b338-bc881bcd6ea5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630697],"teaser":"","voice_url":""},"yoast_head":"\nEnergy companies that bid for wind projects fail to reach financial close by deadline - 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\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy companies that bid for wind projects fail to reach financial close by deadline\" \/>\n<meta property=\"og:description\" content=\"None of the companies that bid for EGP 2 bn-worth of wind power projects under phase two of the feed-in tariff program have managed to reach financial close in time, a source from the New and Renewable Energy Authority (NREA) tells Al Mal. The deadline expired last Thursday, according to the source, who said that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-30T04:15:34+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\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Energy companies that bid for wind projects fail to reach financial close by deadline\",\"datePublished\":\"2018-04-30T04:15:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/energy-companies-that-bid-for-wind-projects-fail-to-reach-financial-close-by-deadline\/\",\"name\":\"Energy companies that bid for wind projects fail to reach financial close by deadline - 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