{"id":631794,"date":"2018-03-27T04:12:31","date_gmt":"2018-03-27T04:12:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/"},"modified":"2018-03-27T04:12:31","modified_gmt":"2018-03-27T04:12:31","slug":"electricity-ministry-halts-talks-with-vestas-over-high-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/","title":{"rendered":"Electricity Ministry halts talks with Vestas over high prices"},"content":{"rendered":"

Talks between the Electricity Ministry and Danish wind turbine manufacturer Vestas over 2.2 GW of wind power installations they plan to develop have reportedly faltered after the two sides failed to come to terms on the project\u2019s feed-in tariff (FiT), ministry sources said yesterday<\/a>. While they did not disclose Vestas\u2019 offer, the sources indicated it was higher than USD 0.038 per kWh and said that the Egyptian Electricity Transmission Company (EETC) had set a maximum FiT of USD 0.035 per kWh for wind projects. Vestas had reached an agreement with the New and Renewable Energy Authority last year<\/a> to construct a EUR 230 mn 250 MW wind farm under a plan to install 2.2 GW of capacity over a five-year span for around USD 4.4 bn. The project was set to be financed through HSBC, EKF Denmark, Euler Hermes, CDP Banco Standard, Save Danida Denmark, and the Danish Investment Fund for Developing Countries. The EETC intends to re-issue the tender for the project in order to find a better offer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Talks between the Electricity Ministry and Danish wind turbine manufacturer Vestas over 2.2 GW of wind power installations they plan to develop have reportedly faltered after the two sides failed to come to terms on the project\u2019s feed-in tariff (FiT), ministry sources said yesterday. While they did not disclose Vestas\u2019 offer, the sources indicated it […]<\/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-631794","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6e8cd994-8965-45d0-b7d9-9c8b12d357ea","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Electricity Ministry halts talks with Vestas over high prices","related_issue":[631761],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.c89e32c6-8896-4561-b5af-3e0a107a6cda.mp3"},"yoast_head":"\nElectricity Ministry halts talks with Vestas over high prices - 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\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Ministry halts talks with Vestas over high prices\" \/>\n<meta property=\"og:description\" content=\"Talks between the Electricity Ministry and Danish wind turbine manufacturer Vestas over 2.2 GW of wind power installations they plan to develop have reportedly faltered after the two sides failed to come to terms on the project\u2019s feed-in tariff (FiT), ministry sources said yesterday. While they did not disclose Vestas\u2019 offer, the sources indicated it […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-27T04:12:31+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\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Electricity Ministry halts talks with Vestas over high prices\",\"datePublished\":\"2018-03-27T04:12:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/\"},\"wordCount\":173,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-halts-talks-with-vestas-over-high-prices\/\",\"name\":\"Electricity Ministry halts talks with Vestas over high prices - 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