File - Environment Minister Khaled Fahmy
CAIRO – 19 December 2017: Electricity Minister Mohamed Shaker met on Tuesday with Environment Minister Khaled Fahmy to discuss reaching a final rate for the feed-in tariff (FiT) of waste-to-electricity, the two ministries said in joint statement.
The statement added that the technical and legislative issues regulating the investment environment for factories willing to work in this sector are agreed upon.
The last official announcement regarding FiT was in March, when the government set a base FiT rate at LE 1.21 ($0.07) per kWh.
Aiming to end reliance on natural gas in generating electricity, the government has begun its strategy to produce electricity from various sources, such as solar, wind and waste.
The government seeks electricity sufficiency from different sources and has a plan to export production to a number of neighborhood countries, the electricity minister said on Tuesday in a conference organized by the Al-Ahram Press Institution.
They affirmed the necessity that the lands of the production units must be near low-voltage and medium-voltage networks related to electricity transmission companies.
The statement said that a working group was assigned to formulate what was agreed upon and will be submitted to the two ministries within a week.