Shell invests in Mina West gas development in Egyptian Mediterranean Sea    Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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.



Cabinet discusses price of purchasing electricity produced from waste during its next meeting
Three companies waiting to approve the establishment of projects with offers not exceeding 140 piastres
Mohamed Farag Published in Daily News Egypt on 26 - 07 - 2017

The cabinet will discuss during its next meeting the new prices for the purchase of electricity produced from waste projects, with the exception of three companies that will receive a specific tariff ranging from 135 to 140 piastres.
Fatima Al-Zahra, an investment adviser to the Minister of Environment, told Daily News Egypt that a meeting was held between the Ministries of Environment and Electricity several days ago to agree on alternatives to purchase energy from waste products to suit the current economic conditions—in order to be presented to the cabinet during their next meeting.
She explained that this first alternative is to grant the financing of the three companies that submitted bids to the cabinet several months ago—which are Empower, FMS, Oceania—and will give them an exceptional tariff that ranges between 135 and 140 piastres per KW of electricity generated from waste.
In addition, a competitive bidding system is implemented between companies wishing to enter this sector and choosing the most suitable price according to the amount of waste and production capacity of the companies.
She also pointed out that the second alternative is to declare a clear and fixed tariff, which is difficult to apply because it will place a heavy burden on the state, which it cannot afford—especially under the current economic conditions. However, there is no final agreement on a particular option or mechanisms of application.
Sources in the Egyptian Electricity Holding Company (EEHC) stated that the Electricity Authority Regulatory Authority presented a proposal to the Ministry of Environment on the prices of purchasing electricity produced from waste recycling. The proposal did not specify a fixed tariff, but, for example, the electricity price per KW per hour was 75 piastres. Other prices were specified based on the submitted offer and the type of waste used.
The sources pointed out that the Ministry of Electricity will not contribute to the tariff for the purchase of energy produced from waste, but will purchase all productive capacities of projects according to the value to be determined based on the financial and economic model provided by companies wishing to establish projects.

Clic here to read the story from its source.