Daily News Egypt

Egypt ERA to announce waste-to-energy generation tariff by next week - Daily News Egypt

Advertising Area

Advertising Area

Egypt ERA to announce waste-to-energy generation tariff by next week

10 companies seek to invest $500m in waste-to-energy projects

The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) will announce the tariff for electricity generation from waste by next week.

Sources at Egypt ERA told Daily News Egypt that Minister of Electricity and Renewable Energy Mohamed Shaker will chair the agency’s board meeting to discuss the tariff value before presenting it to the cabinet for approval this month.

The sources pointed out that the ministry intends to purchase the electricity generated from waste at the highest consumption rate of the household segment. Egypt ERA set the purchase price of electricity generated from waste at EGP 1.03-1.04.

A number of the agency’s board members suggested buying the electricity produced from waste at about 135 piasters, similar to the zero to 1,000 kW consumption segment. The next meeting will discuss this suggestion.

The Ministry of Environment has approved the Ministry of Electricity’s suggestion to pay 103 piasters for energy produced from waste, and they are still negotiating over the value of electricity generated from agricultural residues.

Ten international companies from various countries have submitted bids for waste-to-energy projects.

The sources said that the main reason for postponing the issuance of the waste-to-energy tariff is the government’s keenness to issue it after forming the legislation regulating the new system to facilitate procedures for investors.

They noted that the State Council has completed reviewing the new waste law and has sent the law’s amendments to the concerned authorities, including the Ministries of Environment and Electricity.
They added that all proposed amendments were considered, and the law was submitted to the cabinet. On 14 February, the law was sent to parliament for voting and approval.

Regarding the National Waste Company, which was announced last May, the sources said that it was finally agreed to make it a joint-stock rather than a holding company. The National Investment Bank will own the largest stake (35%), while the Military Production Ministry will own 25%, and the National Bank of Egypt (NBE) and Banque Misr will own 20% each.

Advertising Area

Breaking News

No current breaking news

Receive our daily newsletter