|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives, Economic Instruments|
|Renewable Energy Policy Targets:||Solar, Solar Thermal, Solar, Solar photovoltaic, Solar Thermal, Solar thermal electricity (STE), Wind|
|Size of Plant Targeted:||Large|
|Agency:||Electricity Transmission Company (EETC), New and Renewable Energy Authority (NREA)|
|Renewable Energy Description:|
New National Renewable Energy Strategy adopted in Egypt in 2015 stipulated renewable energy auction mechanism to be introduced in Egypt for future renewable energy capacity procurement. Presidential Decree enacting Renewable Energy Law (Decree No 203/2014) in 2014 established competitive bidding mechanism for build-own-operate (BOO) contracts.
Within the mechanism the Egyptian Electricity Transmission Company (EETC) will hold five rounds of tenders for BOO contracts. The EETC announces call for applications and is responsible for running the auction. New and Renewable Energy Authority (NREA) is responsible for land provision to selected projects for period when projects will be constructed and operating. After the decommissioning of the project, the land goes back to NREA.
In August 2015, EETC opened an auction for following capacities:
Winners of the auction will be granted contracts for 20 (wind) and 25 (solar technologies) years.
Projects proposal submission period ended on 20th of June 2016. Winners will be announced in autumn 2016.
|Related policies:||Egypt Renewable Energy Law (Decree No 203/2014)|
Last modified: Fri, 10 Feb 2017 15:38:04 CET