{"id":639973,"date":"2024-08-18T00:00:00","date_gmt":"2024-08-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/energy-from-waste-could-get-pricier\/"},"modified":"2024-08-18T00:00:00","modified_gmt":"2024-08-18T00:00:00","slug":"energy-from-waste-could-get-pricier","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/energy-from-waste-could-get-pricier\/","title":{"rendered":"Energy from waste could get pricier"},"content":{"rendered":"

Good afternoon, all. <\/strong>It\u2019s an oddly quiet day on the business front for what we hope to be the start of a calm business week. <\/p>\n

THE BIG STORY TODAY- <\/p>\n

Could energy from waste get pricier? <\/strong>The Environment Ministry is looking into raising the feed-in tariff rate for waste-to-energy plants \u2014 the set price that the government pays for the electricity they generate \u2014 in a bid to make the sector more attractive to investors, Waste Management Regulatory Authority consultant Khaled Elfarra told Enterprise. The proposed price increase would see the feed-in-tarrif rate rise to EGP 2.35\/Kwh \u2014 the tariff rate hasn\u2019t changed since it was set at EGP 1.40\/Kwh in 2019<\/a>. <\/p>\n

What\u2019s next? <\/strong>The proposed tariff increase has been sent to the Electricity Ministry and after it gives its greenlight the proposal will be forwarded to the cabinet, Elfarra added. <\/p>\n

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THE BIG STORY ABROAD<\/p>\n

The news slowdown has extended beyond Egypt<\/strong>, with no single story captivating the attention of the foreign press this afternoon. Among those making headlines: <\/p>\n

#1- US Secretary of State Antony Blinken is expected to visit Israel today<\/strong> as the US and other mediators continue to push<\/a> for all parties to accept an amended ceasefire proposal<\/a> that would see Israel keep its troops stationed on Gaza\u2019s border with Egypt, among others. Blinken will meet with senior Israeli officials as well as Israeli prime minister Benjamin Netanyahu.<\/p>\n

#2- And on the front lines of the Russia-Ukraine war<\/strong>, Ukraine is moving to consolidate its<\/a>positions<\/a> in the Russian border region of Kursk following its successful incursion into Russian territory. The Ukrainian air force has destroyed two bridges in the region, alongside Russian weapons depots and logistics hubs, in a bid to disrupt the country\u2019s supply lines.<\/p>\n

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