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20% target of renewable energy sources remains following flotation: NREA head

The target for 20% of Egypt’s power requirements to be generated from renewable sources will remain unchanged following the flotation of the Egyptian pound, according to Mohamed El-Sobky, head of the New and Renewable Energy Authority (NREA). El-Sobky hopes the flotation will not affect investors’ desire to invest in Egypt. He added that the new …

Hisham Salah

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Authority (NREA) has recovered the lands of the solar energy projects in Banban, Aswan from five companies that have withdrawn from implementing the project.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