Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    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    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.



Electricity Ministry sets maximum price of renewable energy at 2.5 cents per kWh
Five Arab, international companies compete to implement projects
Published in Daily News Egypt on 08 - 09 - 2018

The Ministry of Electricity set the maximum price for purchasing energy produced from new and renewable energy projects of the private sector at 2.5 cents per kWh.
In case any lower prices were offered, they will be approved after being presented to the technical committee entitled to analyse the offers, according to sources at the ministry.
Five companies, including China-based major procurement and construction company (EPC) TBEA Sunoasis, have offered bids for the construction of solar power plants with capacities ranging from 200-500 MW. They were informed by the Egyptian Electricity Transmission Company (EETC) that it will not purchase electricity produced from the projects by more than 2.5 cents.
The sources added that the New and Renewable Energy Authority will allocate the land of the projects to investors based on the usufruct system, and the project will be run under the build-own-operate (BOO) scheme.
Meanwhile, the bids shall be submitted to the Electricity Ministry, and then to the cabinet for approval.
The sources pointed out that the Ministry of Electricity intends to reduce the tariff for the purchase of electricity to about 2 cents per kWh in the tender of solar power plants in the West Nile area, with a capacity of 600 MW.
For instance, Egypt's Suez-facing 250 MW windfarm has the lowest contract value of 3.8 cents per kWh.
The Minister of Electricity Mohamed Shaker previously told Daily News Egypt that the purchasing price of electricity from new and renewable power plants will be less than 3 cents per kWh in 2018, which already happened in the Kom Ombo solar power plant tender, when ACWA Power offered the lowest selling price at 2.75 cents per kWh.


Clic here to read the story from its source.