{"id":637369,"date":"2017-11-14T04:08:32","date_gmt":"2017-11-14T04:08:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/"},"modified":"2017-11-14T04:08:32","modified_gmt":"2017-11-14T04:08:32","slug":"negotiations-underway-for-finance-ministry-to-guarantee-fit-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/","title":{"rendered":"Negotiations underway for Finance Ministry to guarantee FiT payments"},"content":{"rendered":"<p>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,<a href=\"http:\/\/www.almalnews.com\/Story\/352794\/59\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%B6%D9%85%D8%A7%D9%86%D8%A7%D8%AA-%D8%AA%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">ministry sources told Al Mal<\/a>. The EETC is expecting to pay <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/13\/govt-fit-costs-from-benban-solar-park-could-reach-egp-3-3-bn-per-year\/\">EGP 3.3 bn per year<\/a> for power from the FiT program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. The EETC is expecting to pay EGP 3.3 bn per year for power from the FiT program.<\/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-637369","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1e5c6766-fc2c-45f9-83bc-cf1d8fd3271f","order":"0","is_powered_by":true,"section_story_id":"d27628e1-6f91-4ce6-ac47-072445ba5b22","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637338],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Negotiations underway for Finance Ministry to guarantee FiT payments - 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\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Negotiations underway for Finance Ministry to guarantee FiT payments\" \/>\n<meta property=\"og:description\" content=\"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. The EETC is expecting to pay EGP 3.3 bn per year for power from the FiT program.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-14T04:08:32+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\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Negotiations underway for Finance Ministry to guarantee FiT payments\",\"datePublished\":\"2017-11-14T04:08:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/\"},\"wordCount\":58,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/negotiations-underway-for-finance-ministry-to-guarantee-fit-payments\/\",\"name\":\"Negotiations underway for Finance Ministry to guarantee FiT payments - 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It will make its determination based on the offers investors present, he tells Al Borsa. 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The Egyptian Electricity Transmission Company had accepted the financial models for their planned power plants in\u2026","rel":"","context":"In &quot;Energy&quot;","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":637369,"position":2},"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 &quot;Energy&quot;","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":629045,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/21\/electricity-ministry-presses-forward-with-hamrawein-power-plant\/","url_meta":{"origin":637369,"position":3},"title":"Electricity Ministry presses forward with Hamrawein power plant","author":"enterpriseam admin","date":"21 May 2018","format":false,"excerpt":"Gov\u2019t pushing through stalled large-scale power projects including the Hamrawein power plant? The government began yesterday studying offers from three consortia for the 6 GW Hamrawein \u201cclean coal\u201d power plant, according to a Cabinet statement. A Shanghai Electric-Dong Fang-Hassan Allam consortium reportedly priced the development at USD 4.4 bn, making\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":576948,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/","url_meta":{"origin":637369,"position":4},"title":"Gov\u2019t wants USD 15 bn for nine food, water and energy projects under NWFE","author":"enterpriseam admin","date":"3 November 2022","format":false,"excerpt":"The International Cooperation Ministry will seek blended finance for nine projects worth USD 15 bn in its Nexus on Water, Food and Energy (NWFE) program, the ministry said in a statement yesterday. The projects include a \u201cmassive energy project,\u201d five projects in the field of agriculture and food security, and\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626066,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/29\/negotiations-on-acwa-powers-dairut-power-plant-stalled\/","url_meta":{"origin":637369,"position":5},"title":"Negotiations on ACWA Power\u2019s Dairut power plant stalled","author":"enterpriseam admin","date":"29 August 2018","format":false,"excerpt":"Negotiations between Saudi Arabia\u2019s ACWA Power and the Electricity Ministry over the former\u2019s USD 2.2 bn, 2.25 GW Dairut power plant have stalled after nearly several months of negotiations, according to ministry sources. It remains unclear what is behind the stalled talks, but the sources noted that ACWA has yet\u2026","rel":"","context":"In &quot;Energy&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=637369"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637369\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637369"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637369"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}