EBRD supports Egypt with first private-to-private electricity contracts
Egypt, June 10 -- Energy market reform is taking a major step forward in Egypt as the government approves the first bilateral power purchase agreements between private generators and consumers. As part of a pilot of the private-to-private (P2P) rules, developed with technical support from the EBRD to the Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) and approved last year, four renewable energy projects with a combined capacity of 400 MW have been approved to contract directly with end-consumers of electricity.The four approved projects are:KarmSolar, which will develop a 100 MW solar plant to supply electricity to Suez Steel.AMEA Power, which is building a solar facility of the same size to serve BEFAR Gro...
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