Egypt’s Minister of Electricity Muhammad Shakir aims to meet potential investors in renewable energy projects over the next few weeks with a view to reviving interest in the country’s ambitious 4.3GW wind and solar photovoltaic (PV) power program.
The electricity ministry has set out feed-in-tariffs for both wind and solar PV, offering as much as 11.48 cents/kWh falling over time to 4.6cents/kWh for wind projects, and from 9.0-14.35 cents/kWh depending on size for solar projects. But investors have been reluctant to close deals. (CONTINUED - 638 WORDS)
