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Six investors signed under FiT phase one

Six renewable energy firms signed power purchase agreements under phase one of the feed-in tariff program for renewable energy by yesterday’s deadline. Nine others withdrew from the program, but could still participate in phase two. Companies have until today to announce they have reached financial close on their projects; any company not doing so can carry forward to phase two, which has different terms. Energy producers signing yesterday included: Scatec Solar, Infinity Solar, Elf Energy, ARC Renewable Energy, Austrian Renewable Energy Agency (ARENA), and Nubian for Renewable Energy, Al Borsa reported, adding that Scatec, Infinity, Nubian and ARC are the most likely to complete financial close by today. Companies withdrawing from phase one (most of this has previously been reported):Italy’s Enel Green Power, France’s Neon, KSA’s Abdel Latif Jameel Energy, Egypt’s Cairo Solar, Spain’s Dhamma Energy, Conrad-Canadian Solar, Innovation Unlimited Egypt, the UAE’s Adenium Energy Capital and OTMT. Eighty companies and consortia who are qualified for FiT will continue into the second phase, including Elsewedy Electric, Orascom Construction, Philadelphia Energy, ACWA Power, Al-Tawakol for Electrical Industries and Lekela Power, Al Borsa reported.

Picking up where we left off yesterday, the Electricity Ministry is studying proposals from six companies to build a 6,000 MW clean coal power plant with an investment value of USD 10 bn, Al Borsa reports. All the projects are set to be executed under the EPC+Finance system. The Electricity Ministry is aiming to generate 7,000 MW from clean coal power plants by 2023. The full breakdown of competing companies and consortia:

  • Shanghai Electric: Proposed building a 4,640 MW plant in Hamrawein at USD 7
  • Dongfang Electric: Proposed 6,000 MW plant in Hamrawein, investment value not revealed
  • Harbin-General Electric: Proposed 6,510 MW plant at USD 8 bn.
  • ElSewedy-Marubeni: Signed an MoU to build 4,000 MW power plant in West Marsa Matrouh.
  • Mitsubishi-Hitachi: Proposed 4,000 MW plant in Marsa Matrouh.
  • Sumitomo: Proposed 2,000 MW power plant in Marsa Matrouh.


Ministry of Environment
   Arab German Chamber 
  Bundesministerium fur wirtschaft und energie





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