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NREA pays EGP 180m of debt to NIB

The New and Renewable Energy Authority (NREA) paid EGP 180m of its EGP 3bn debt to the National Investment Bank. Mohamed El-Khayat, head of the NREA, told Daily News Egypt that debts have been accumulating since 2007 and repayment was agreed to be rescheduled over 10 years starting this year. The NREA has thus paid …

Mohamed Farag

NREA recovers lands of feed-in tariff projects from 5 withdrawing companies

The New and Renewable Energy Authority (NREA) has recovered the lands of the solar energy projects in Banban, Aswan from five companies that have withdrawn from implementing the project. Sources in the NREA said that the authority has recovered 5 sqkm from Abdul Latif Jameel Company, Enel Green Power, Cairo Solar, Orascom Telecom, and Triangle. …

Mohamed Farag

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