Masress : NREA plans to complete several projects in Q1 of 2017

Egypt's CBE issues EGP55b in T-bills Egypt, Norway's Scatec explore deeper cooperation in renewable energy Emergency summit in Doha as Gaza toll rises, Israel targets Qatar Egypt's EDA, Korean pharma firms explore investment opportunities CBE, banks to launch card tokenization on Android mobile apps CIB completes EGP 2.3bn securitization for GlobalCorp in seventh issuance Ex-IDF chief says Gaza war casualties exceed 200,000, legal advice 'never a constraint' Right-wing figures blame 'the Left' for Kirk killing, some urge ban on Democratic Party Egypt's FM heads to Doha for talks on Israel escalation Egypt strengthens inter-ministerial cooperation to upgrade healthcare sector Egyptian government charts new policies to advance human development Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects Egyptian pound ends week lower against US dollar – CBE Egypt expresses condolences to Sudan after deadly Darfur landslides Egypt hosts G20 meeting for 1st time outside member states Lebanese Prime Minister visits Egypt's Grand Egyptian Museum Egypt to tighten waste rules, cut rice straw fees to curb pollution Egypt seeks Indian expertise to boost pharmaceutical industry Egypt prepares unified stance ahead of COP30 in Brazil Egypt recovers collection of ancient artefacts from Netherlands Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures Egyptian, Ugandan Presidents open business forum to boost trade Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken' Egypt's Sisi, Uganda's Museveni discuss boosting ties Egypt, Huawei explore healthcare digital transformation cooperation Foreign, housing ministers discuss Egypt's role in African development push Greco-Roman rock-cut tombs unearthed in Egypt's Aswan Egypt reveals heritage e-training portal Sisi launches new support initiative for families of war, terrorism victims Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary Germany among EU's priciest labour markets – official data Paris Olympic gold '24 medals hit record value A minute of silence for Egyptian sports Russia says it's in sync with US, China, Pakistan on Taliban It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights Sudan says countries must cooperate on vaccines Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19 Egypt to tax bloggers, YouTubers Egypt's FM asserts importance of stability in Libya, holding elections as scheduled We mustn't lose touch: Muller after Bayern win in Bundesliga Egypt records 36 new deaths from Covid-19, highest since mid June Egypt sells $3 bln US-dollar dominated eurobonds Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

NREA plans to complete several projects in Q1 of 2017
All variables have been accounted for in the second phase of the feed-in tariff project, says Omran

Mohamed Farag Published in Daily News Egypt on 02 - 01 - 2017

The New and Renewable Energy Authority (NREA) aims to complete a number of feed-in tariff projects in the first quarter of 2017. According to the NREA's new interim chairperson, Mohamed Mousa Omran, the company will prioritise stalled projects. He said that he has approved requests made by a number of solar companies to transfer the lands of the feed-in tariff from Minya to Benban.
Omran said that priority is given to existing projects in order to attract newer projects. The authority is also focusing on operation and maintenance, implementing principles of governance, and regulation.
He said that the NREA posed a tender to establish a 20 MW solar power plant in Kom Ombo in cooperation with the Agence Française de Développement (AFD).
Moreover, he added that the Japan International Cooperation Agency (JICA) will also present a loan of $90m to establish a solar power plant in Hurghada to produce 20 MW of electricity. This project, he noted, is expected to begin within two months.
This would be the fifth station of its kind in Egypt. All in all, Egypt generates 280 MW of electricity using solar power.
Omran pointed out that the NREA supports investors of the feed-in tariff projects through both phases, noting that nine companies have signed the power purchasing agreement in the first phase.
He described the second phase as "very good," adding that "all variables were accounted for, including the value of the tariff, conditions, and regulations."
In the second phase of the project, the NREA stipulated that arbitration will be carried out in Egypt, unless all parties involved prefer to have arbitration carried out in Paris, France.
Omran added that the Egyptian Electricity Transmission Company (EETC) is committed to paying its dues to the NREA, adding that the latter has received part of the arrears two weeks ago.
The total outstanding dues to the NREA from the EETC amount to EGP 500m.

Clic here to read the story from its source.