{"id":634603,"date":"2018-01-18T04:16:56","date_gmt":"2018-01-18T04:16:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/"},"modified":"2018-01-18T04:16:56","modified_gmt":"2018-01-18T04:16:56","slug":"finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/","title":{"rendered":"Finance Ministry issues letters of guarantee for 15 solar power projects"},"content":{"rendered":"

The Finance Ministry has issued letters of guarantee for 15 of 30 solar power companies for their projects under Phase 2 of the feed-in tariff (FiT) program, unidentified government sources tell Al Borsa<\/a>. The ministry will issue the remaining 15 letters before the end of next week. The Egyptian Electricity Transmission Company has accepted the financial offers presented by ACWA Power, Acciona, Swicorp, Shapoorji, TAQA Arabia, Infinity, IB Vogt, Orascom, Elswedy, and IDF, among others, according to the sources.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry has issued letters of guarantee for 15 of 30 solar power companies for their projects under Phase 2 of the feed-in tariff (FiT) program, unidentified government sources tell Al Borsa. The ministry will issue the remaining 15 letters before the end of next week. The Egyptian Electricity Transmission Company has accepted the […]<\/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-634603","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a0bea59d-14c2-4f96-bd37-b61affe1c400","order":"0","is_powered_by":true,"section_story_id":"1b6ebcd6-78a2-48fb-b385-1da584205227","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634571],"teaser":"","voice_url":""},"yoast_head":"\nFinance Ministry issues letters of guarantee for 15 solar power projects - 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\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/\" \/>\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 for 15 solar power projects\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry has issued letters of guarantee for 15 of 30 solar power companies for their projects under Phase 2 of the feed-in tariff (FiT) program, unidentified government sources tell Al Borsa. The ministry will issue the remaining 15 letters before the end of next week. The Egyptian Electricity Transmission Company has accepted the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-18T04:16:56+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry issues letters of guarantee for 15 solar power projects\",\"datePublished\":\"2018-01-18T04:16:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/\"},\"wordCount\":85,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/finance-ministry-issues-letters-of-guarantee-for-15-solar-power-projects\/\",\"name\":\"Finance Ministry issues letters of guarantee for 15 solar power projects - 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The Egyptian Electricity Transmission Company had accepted the financial models for their planned power plants in\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":632079,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/finance-ministry-issues-letters-of-guarantee-to-30-solar-power-companies-under-fit-phase-two\/","url_meta":{"origin":634603,"position":1},"title":"Finance Ministry issues letters of guarantee to 30 solar power companies under FiT phase two","author":"enterpriseam admin","date":"1 February 2018","format":false,"excerpt":"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\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":651872,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/eetc-asks-solar-power-companies-to-cover-increases-in-infrastructure-development-costs-for-renewable-energy-projects-ready-to-sign-power-purchasing-agreements\/","url_meta":{"origin":634603,"position":2},"title":"EETC asks solar power companies to cover increases in infrastructure development costs for renewable energy projects, ready to sign power purchasing agreements","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) is ready to sign power purchase agreements with renewable energy companies under the feed-in tariff program as soon as they reach financial close, Al Borsa says. The Finance Ministry approved investors\u2019 letters of guarantee on Tuesday, one day after the EETC informed them during\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":649352,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/23-solar-companies-present-initial-funding-approval-letters-for-fit-projects\/","url_meta":{"origin":634603,"position":3},"title":"23 solar companies present initial funding approval letters for FiT projects","author":"enterpriseam admin","date":"30 April 2017","format":false,"excerpt":"23 solar power companies, including Scatec Solar, Orascom Construction, Al Fanar, and Acwa Power have presented initial approval letters from international finance institutions to fund their projects in the second phase of the feed-in tariff program, Al Borsa reports. Separately, the Egyptian Electric Utility and Consumer Protection Agency\u2019s (Egyptera) board\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":632350,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/","url_meta":{"origin":634603,"position":4},"title":"Benban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"The Benban solar power complex won Thomson Reuters\u2019 Project Finance International Award for \u201cGlobal Multilateral [transaction] of the Year\u201d yesterday. The USD 2 bn complex, where 30 solar power plants will eventually generate around 1.5 GW of power, represents the second phase of Egypt\u2019s feed-in tariff (FiT) program and is\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":637369,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/","url_meta":{"origin":634603,"position":5},"title":"Negotiations underway for Finance Ministry to guarantee FiT payments","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"The Electricity Ministry is in negotiations with the Finance Ministry to issue payment guarantees of USD 3 bn for projects that are part of phase 2 of the FiT program,ministry sources told Al Mal. 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