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Frame of obligations set in power purchasing agreements’ final draft

Seller and buyers’ obligations for electricity have been defined in the final draft of the power purchasing agreement, which Daily News Egypt obtained a copy of. According to the draft, the electricity seller should design, procure, install, and test the production facility, as well as own it, operate it and maintain it. All electricity generated …

Daily News Egypt

Cabinet agrees on tariff of buying electricity from waste by EGP 0.92/kWh

By Mohamed Farag and Shaimaa Badawi The cabinet approved a system of buying electricity and petroleum products taken from recycling factories with prices amounting to EGP 0.92 per kWh, with 70% of the international prices of the products, in accordance with the specifications. Payments should be in Egyptian pounds. According to the cabinet’s decision, the …

Daily News Egypt

Egypt: Economic reforms will continue to build on achievements: President Al-Sisi to Daily News Egypt

Last year, Egypt resolved to regain control of its destiny and purposefully embarked upon a process of political, social and economic renewal. The first step was to put the country’s political life back in order by holding a new constitutional referendum and conducting presidential elections. The successful completion of the two critical political markers was …

Daily News Egypt