Italian energy company Eni has requested a licence to generate electricity from a 50 MW solar plant in Egypt under an Independent Power Producers scheme. Talks with the Egyptian Electricity Transmission Company (EETC) have stalled on the value of the energy, however. Eni wanted to sell at up to $0.04 per kWh, higher than the EETC would allow. The government is also considering granting another independent power producer license for 100 MW, which will be used by two other companies – one based in Italy and the other in Egypt.
Italian energy company Eni has requested a licence to generate electricity from a 50 MW solar plant in Egypt under an Independent Power Producers scheme. Talks with the Egyptian Electricity Transmission Company (EETC) have stalled on the value of the energy, however. Eni wanted to sell at up to $0.04 per kWh, higher than the EETC would allow. The Egyptian government wants 20% of the country’s energy to come from renewables by 2022 and the Italian firm is also planning a 250 MW solar plant to take its total investment in the country to $300m.