Electricity ministry to impose renewable energy quota on factories

Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the local market by mid 2019, a source told Al-Mal Newspaper.

Renewable energy consumption will increase to contribute to around 6-8 percent of the total energy produced, a ministry source said, adding that the decision of imposing a quota would help support the expansion of Egypt’s renewable energy projects as it will ease some burdens on investors paying in the feed-in-tariff projects.

According to Al-Mal, the Electricity ministry will be issuing electricity consumption bills to factories, one of which will include the pricing of traditional energy produced, while the other will be for renewable energy according its proportion of the total energy produced.

Published in Eygpt Independent, 1st May, 2018