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Egypt Amends Laws to Open Its Renewable Energy Market to Private Firms

Egypt’ government is in the course of finalizing rules in regards to the manufacturing and sale of electricity from new non-public renewable energy ventures directly to customers by September 2019.

Egypt’s ministry of electricity has called a committee to organize the standards, rules, and guidelines governing the manufacturing of electricity from photovoltaic and wind stations and offering them to consumers from independent power producer (IPP) with the cost of electricity network utilization charges. From this, the customers can have free access to electrical energy from any licensed firm producing and selling vitality.

The committee would include officers from the Egyptian Electrical Energy Transmission Firm, the Egyptian Electrical energy Holding Firm, the ElectricityRegulatory Authority (ERA), the New and Renewable Energy Authority, specialists within the field of electricity and power, representatives from the non-public sector like KarmSolar, based a press release on the development.

A crucial point in the new guidelines is that no firm can be permitted to monopolize the manufacturing or sale of electrical energy and direct tariff negotiation with customers. The principles moreover embody acquiring licenses to start with the production and sale of electricity by the ERA, with the permits being limited in period and obtained by the non-public sector annually. By the nation’s Electricity legislation, every participant has the liberty to decide on their electrical energy provider, the release added.

The amended legal guidelines are set to open the market to the non-public sector, encouraging healthy competition.

Apart from conventional energy, Egypt is predicted to attain 20% renewable capability in its energy mix by 2022, with the world’s largest solar project of 1.6 GW set to grow to be operational in Benban by 2019.

According to the Global Wind Report 2018, Egypt set up 380 MW of wind capacity a year ago.

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