{"id":632079,"date":"2018-02-01T04:23:50","date_gmt":"2018-02-01T04:23:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/finance-ministry-issues-letters-of-guarantee-to-30-solar-power-companies-under-fit-phase-two\/"},"modified":"2018-02-01T04:23:50","modified_gmt":"2018-02-01T04:23:50","slug":"finance-ministry-issues-letters-of-guarantee-to-30-solar-power-companies-under-fit-phase-two","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/finance-ministry-issues-letters-of-guarantee-to-30-solar-power-companies-under-fit-phase-two\/","title":{"rendered":"Finance Ministry issues letters of guarantee to 30 solar power companies under FiT phase two"},"content":{"rendered":"

The Finance Ministry issued financial guarantees to 30 solar power companies implementing projects under phase two of the feed in-tariff (FiT) program, government sources told Al Borsa<\/a>. The projects are being funded by the European Bank for Reconstruction and Development and International Finance Corporation, they said. Companies are now waiting to receive their permits to begin construction, which is expected to wrap up within six months. The Egyptian Electricity Transmission Company had reportedly accepted financial models for the planned power plants in Benban earlier this month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry issued financial guarantees to 30 solar power companies implementing projects under phase two of the feed in-tariff (FiT) program, government sources told Al Borsa. The projects are being funded by the European Bank for Reconstruction and Development and International Finance Corporation, they said. Companies are now waiting to receive their permits 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-632079","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"7161d926-d0ac-4f5d-8f0c-83d20e9dec2c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Finance Ministry issues letters of guarantee to 30 solar power companies under FiT phase two","related_issue":[632043],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.3f1930ac-857f-45f3-b8c4-0f16dc872b4f.mp3"},"yoast_head":"\nFinance Ministry issues letters of guarantee to 30 solar power companies under FiT phase two - 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\/02\/01\/finance-ministry-issues-letters-of-guarantee-to-30-solar-power-companies-under-fit-phase-two\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry issues letters of guarantee to 30 solar power companies under FiT phase two\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry issued financial guarantees to 30 solar power companies implementing projects under phase two of the feed in-tariff (FiT) program, government sources told Al Borsa. The projects are being funded by the European Bank for Reconstruction and Development and International Finance Corporation, they said. 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The ministry will issue the remaining 15 letters before the end of next week. The Egyptian Electricity\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":639343,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/20-solar-power-companies-submit-financial-close-documents-on-fit-phase-two-projects\/","url_meta":{"origin":632079,"position":2},"title":"20 solar power companies submit financial close documents on FiT phase two projects","author":"enterpriseam admin","date":"26 October 2017","format":false,"excerpt":"20 solar power companies have submitted their preliminary documents for financial close on their projects in Benban to the Egyptian Electricity Transmission Company (EETC), government sources tell Al Borsa. Others are reportedly \u201cscrambling\u201d to complete their paperwork by today, the deadline set by the Electricity Ministry for funding under phase\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":645694,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/27\/10-solar-power-companies-sign-ppa-with-eetc-for-phase-two-of-the-feed-in-tariff-program\/","url_meta":{"origin":632079,"position":3},"title":"10 solar power companies sign PPA with EETC for phase two of the feed-in tariff program","author":"enterpriseam admin","date":"27 July 2017","format":false,"excerpt":"Ten solar power companies have signed power purchase agreements with the Egyptian Electricity Transmission Company for solar photovoltaic projects under phase two of the feed-in tariff program, Electricity Ministry sources tell Al Mal. Each project is in the 50 MW range, with a total investment value across all projects of\u2026","rel":"","context":"In "Speed Round"","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":642202,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/08\/acwa-power-signs-ppa-with-eetc-to-build-three-solar-power-plants-in-benban\/","url_meta":{"origin":632079,"position":4},"title":"ACWA Power signs PPA with EETC, to build three solar power plants in Benban","author":"enterpriseam admin","date":"8 August 2017","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) signed three solar power purchase agreements with the Riyadh-based ACWA Power on Monday under phase two of the feed-in tariff (FiT) program, according to a statement from the Investment and International Cooperation Ministry. 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