Informed sources said that ten Egyptian, American, Chinese, French, and Emirati investors offered to buy or contribute to the projects of the second phase of the feed-in tariff solar energy project. The offers include paying the solar energy companies the costs that they had paid to the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC). A number of investors are preparing to obtain initial approval from international banks to finance their projects in the second phase of the feed-in tariff project, which started in October. Of the 187 companies that submitted applications, 136 Egyptian and international companies were selected to establish wind and solar power plants. 13 companies qualified to establish solar power plants with output of less than 20MW.

Source: Daily News Egypt April 03, 2017 13:45 UTC