The electricity and environment ministers met on Tuesday to discuss reaching a final rate for the feed-in tariff of waste-to-electricity.
IFC injects $653 million into 13 solar power plants in the Nubian Suns project, located in Benban city of Aswan.
With a total capacity of 750MW, total funding for solar energy projects amounts to $500 million.
By 2025, around 37.2 percent of Egypt's power will be generated from renewable energy resources, Shaker noted.
A number of 32 solar developers have expressed interest in taking part in the FiT second round, NREA chairman says.
Solar plants at Benban city of Aswan might be seen operating in 2018 as international financial institutions agreed to finance developers of FiT second round.