In 2015 Egypt launched a feed-in tariff programme which offered fairly lucrative tariffs for private sector players interested in constructing, operating and financing renewable generation facilities. Multiple investors in the renewables field applied and qualified under the programme however only 3 companies managed to achieve financial close in the first round (as a result of certain legal requirements imposed by MOEE). The second round, which offers a lower tariff, is currently ongoing with approximately 25 developers working with a number of international financial institutions, set to achieve financial close.
Associates Nayera Sherif and Tarek Kfoury co-authored this article.
For further information please visit: www.GettingTheDealThrough.com
This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.