Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



Egypt ERA to announce waste-to-energy generation tariff by next week
10 companies seek to invest $500m in waste-to-energy projects
Mohamed Farag Published in Daily News Egypt on 07 - 03 - 2018

The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) will announce the tariff for electricity generation from waste by next week.
Sources at Egypt ERA told Daily News Egypt that Minister of Electricity and Renewable Energy Mohamed Shaker will chair the agency's board meeting to discuss the tariff value before presenting it to the cabinet for approval this month.
The sources pointed out that the ministry intends to purchase the electricity generated from waste at the highest consumption rate of the household segment. Egypt ERA set the purchase price of electricity generated from waste at EGP 1.03-1.04.
A number of the agency's board members suggested buying the electricity produced from waste at about 135 piasters, similar to the zero to 1,000 kW consumption segment. The next meeting will discuss this suggestion.
The Ministry of Environment has approved the Ministry of Electricity's suggestion to pay 103 piasters for energy produced from waste, and they are still negotiating over the value of electricity generated from agricultural residues.
Ten international companies from various countries have submitted bids for waste-to-energy projects.
The sources said that the main reason for postponing the issuance of the waste-to-energy tariff is the government's keenness to issue it after forming the legislation regulating the new system to facilitate procedures for investors.
They noted that the State Council has completed reviewing the new waste law and has sent the law's amendments to the concerned authorities, including the Ministries of Environment and Electricity.
They added that all proposed amendments were considered, and the law was submitted to the cabinet. On 14 February, the law was sent to parliament for voting and approval.
Regarding the National Waste Company, which was announced last May, the sources said that it was finally agreed to make it a joint-stock rather than a holding company. The National Investment Bank will own the largest stake (35%), while the Military Production Ministry will own 25%, and the National Bank of Egypt (NBE) and Banque Misr will own 20% each.

Clic here to read the story from its source.