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FiT
UNIT
Renewable Energy Development Schemes
in Egypt Mohamed Salah ElSobki (Jr) محمد صالح السبكي
Executive Chairman - New and Renewable Energy Authority (NREA) Ministry of Electricity and Renewable Energy (MoE&RE)
FiT UNIT
FiT
UNIT
FiT
UNIT 5
Current Capacity
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt
FiT
UNIT
FiT
UNIT
Power generation security
3
Generation plans call for a marked acceleration in the construction of 23 GW of new capacity by 2022
100000
80000
60000
40000
20000
0
MW
35%
30%
25%
20%
15%
10%
5%
0%
-5%
Re
serv
e (
%)
8.2%
6.5%
12.3%
10.4% 11.5%
19.9%
21.4% 21.5%
21.6%
25.1%
26.3%
26.8%
30.0% 30.0%
Solar Nuclear
CC Reserve
Wind Coal
ST
Hydro GT
Peak Load
Government power generation expansion plans and reserve margin
Generation capacity mix 2022to 2014 from
Source: Ministry of Electricity and Renewable Energy
FiT
UNIT
FiT
UNIT
New& Renewable Energy Authority (NERA)
(EPC contracts) since 1993 750 MW 1890 MW
Solar(PV) ≈80 MW
Framework for RE Development Mechanisms
Renewable Energy Development Schemes
Competitive Biding
Tuesday, April 21, 2015 5
Renewable Energy Development Schemes in Egypt
FiT
UNIT
FiT
UNIT
End
users
RE sources by NREA
EPC
Under payment
Up to 22.4 pt/kWh
Energy
Competitive biding on the supply side
Renewable Energy Development Schemes in Egypt
Prevailing tariffs
(subsidized)
Energy
Not correlated
Tuesday, April 21, 2015 6
FiT
UNIT
FiT
UNIT
Framework for RE Development Mechanisms
Renewable Energy Development Schemes
Transmission (BOO) since 2009 (under Preparation): 250 MW wind 10*20MW Solar
Competitive Biding
Tuesday, April 21, 2015 9
Renewable Energy Development Schemes in Egypt
New& Renewable Energy Authority (NERA)
(EPC contracts) since 1999 750 MW 1890 MW
Solar(PV) ≈80 MW
FiT
UNIT
FiT
UNIT
End
users RE sources
by EETC BOO
Fair Charge +
Gov. guarantee
Energy
Competitive biding on the supply side
Prevailing tariffs
(subsidized)
Energy
Not correlated ?
Tuesday, April 21, 2015 10
Renewable Energy Development Schemes in Egypt
FiT
UNIT
FiT
UNIT
Transmission (BOO) since 2009 (under Preparation): 250 MW wind 10*20MW Solar
Framework for RE Development Mechanisms
Renewable Energy Development Schemes
Competitive Biding
New& Renewable Energy Authority (NERA)
(EPC contracts) since 1999 750 MW 1980 MW
Solar(PV) ≈80 MW
Merchant IPP since 2012 120 + 600 MW
(under Preparation)
Tuesday, April 21, 2015 13
Renewable Energy Development Schemes in Egypt
FiT
UNIT
FiT
UNIT
End
users
Renewable energy
sources by IPP
Fair payment including wheeling charges
Energy
Bilateral agreements (merchant scheme)
Tuesday, April 21, 2015 14
Renewable Energy Development Schemes in Egypt
FiT
UNIT
FiT
UNIT
Framework for RE Development Mechanisms
Renewable Energy Development Schemes
Renewable Energy Development Schemes in Egypt
Competitive Biding
Fit/Quota since 2014
2000+2000+300 MW (under Preparation)
Transmission (BOO) since 2009
250 MW + 200 MW (under Preparation)
Merchant IPP since 2012 120 + 600 MW
(under Preparation)
New& Renewable Energy Authority (NERA)
(EPC contracts) since 1999 750 MW 1900 MW
Solar(PV) ≈ 80 MW
Tuesday, April 21, 2015 16
FiT
UNIT
FiT
UNIT
End users
Energy
Energy Renewable energy sources
FiT Real value Payment according to Fit
with Gov. Guarantee
Energy
Feed in Tariff / Quota
Renewable Energy Development Schemes in Egypt
Correlated
Tuesday, April 21, 2015 21
FiT
UNIT
Investment Potential in RE schemes
Renewable Energy Development Schemes in Egypt
Scheme
Solar PV Wind Total
Capacity MW
investment Mill $
Capacity MW
investment Mill. $
investment Mill. $
NREA 80 120 1890 2457 2577
BOO 200 300 250 325 625
IPP 0 720 936 936
FIT 2300 3450 2000 2600 6050
Total 3870 6318 10188
Tuesday, April 21, 2015 22
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishment GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 23
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
W
Land
Allocation NREA/Land
Owner
SPV
Establishment GAFI
Qualification FiT Unit
RE – FiT Projects: Above 500 kW
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 24
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
2. SPV Establishment
• Qualified investors shall establish a joint stock
single purpose project company (SPV) under the
investment law .
• The qualified consortium shall have at least 51%
of the company shares
• The share of the leader investor shall be at least
25%, and and do not go below this share for two
years after the COD
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 25
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• The investor is allowed to build his projects either on public or private land
• NREA has set regulations for its allocated land , these include 1% bond for pre-construction, 2% during construction and 0.5% during first ten years of operation a which is raised on equal steps to reach 2% by the end on the project term
• NREA has set a cost sharing agreement for the infrastructure development and interconnection
• No extension of the land allocation after the end of the PPA term
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 26
RE – FiT Projects: Above 500 kW
FiT
UNIT
Availing the land & Development of the Bank Guarantee
Carry out measurements, studies, sign agreements with EETC, and get the
interim license from EgyptERA
Commercial operation
10 years after commercial operation
End of commercial
operation (20 or 25 Years)
1% of the project
estimated cost
2% of the project
estimated cost
0.5% of the
project estimated
cost
0.5% -2% of
the project
estimated cost
2% of the
project
estimated
cost
Dismantle
the equip.
and return
the land
Return Bank
Guarantee to
Investor
Implementation of the Project
FiT
UNIT
InterimLicense EgyptERA Within 1 Month
Land
Allocation NREA/Land
Owner Within 2 Weeks
SPV
Establishmen
t GAFI
Within 15 days of
proposal to GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• SPV (PC) established by qualified investors (consortium), which cease a land and conducted a pre-feasibility study are eligible to apply for an interim license
• The interim license can not be assigned to another PC without a prior approval from EgyptERA.
• The interim license is for one year extendable to a second year (it will not be extended in case of doing nothing)
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 28
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFII
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• The study is done by EETC to verify the right of way as well as define the point(s) of common coupling.
• Scheme of defining losses shall be defined
• The study will define the necessary connection and transmission facilities
• The study shall comply with codes as well as the safe operation requirements
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 29
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
End
Grid Connection
Study
EETC
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
The standard connection contract will be signed by both EETC and the project company. Both parties are requested to complete the necessary appendices of the contract. The contract will be effect as the project company granted the generation license
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 30
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• The PC shall make upfront studies which include the climate measurements (such as wind speeds, wind direction, temperatures, solar radiation, etc.) and Environmental Impact Studies e.g. bird migration, ,..etc.)
• Accordingly, approval should be acquired from EEAA after a public hearing session according to the environment law no.4 / 1994, Tuesday, April 21, 2015
Renewable Energy Development Schemes in Egypt 31
RE – FiT Projects: Above 500 kW
FiT
UNIT
Temporary
License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFII
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
Relevant Approvals and Permits
1. Ministry of Petroleum 2. Armed Forces 3. Civil Aviation Authority 4. Ministry of Agriculture and
Reclamation 5. Antiquities Authority 6. National Center for the Usage of
State-Owned Lands 7. Ministry of Information and
Communication 8. Ministry of Housing and
Development 9. Governorate where the project
will be implemented
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 32
RE – FiT Projects: Above 500 kW
FiT
UNIT
Temporary
License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• A usufruct agreement is signed between the investor and the owner of the land (NREA/Public authorities) for the life time of the project
• In case of the public land the contract will be pending on granting the generation license
• This contract should be registered in case of private land
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 33
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• The PC will be contracted according to the valid tariff on the financial closure date
• The contract will be terminated in the PC has not finalized all necessary studies and contract within 9 months or fulfill financial closure within 12 months from the day of signing
• The contract will cover both the project construction period as well as the project lifetime.
• This contract is not extendable beyond its original term.
• The obligations of the parties under this contract will come into effect only if the PC has granted the electricity generation license.
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 34
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
The PC has provided a letter from its lenders or their agent confirming that all conditions precedent to financial close and first disbursement under the financing agreements have been met or waived other than (1) the effectiveness of the PPA (2) signing the direct contract and (3) the issue of a permanent generation license.
The valid tariff issued by the PM decree at the day of Financial Closure
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 35
RE – FiT Projects: Above 500 kW
FiT
UNIT
Interim License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
• Construction bond of EGP 15 Mil for 50 MW or EGP 5 Mill for 20 MW Project shall be issued with 10 days from the financial closure
• It will be replaced by the Operation bond which shall be submitted 10 days before the COD
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 36
RE – FiT Projects: Above 500 kW
FiT
UNIT
Temporary
License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
It is a four party agreement among the: • Project Company (PC), • Lender, • EETC, and the • Ministry of Finance where governmental guarantee provided by the Guarantor on behalf of Arab Republic of Egypt (Ministry of Finance) to guarantee the payment obligations arising out of the breach, default, or non-performance by EETC under the PPA.
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 37
RE – FiT Projects: Above 500 kW
FiT
UNIT
Temporary
License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
Generation License
• The permanent generation license is granted
covering the life time of the PPA including
the construction period.
• Having the permanent license entitles the
effectiveness of all agreements and
contracts
• The generation license shall not be
terminated unless the PPA is terminated.
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 38
RE – FiT Projects: Above 500 kW
FiT
UNIT
Temporary
License EgyptERA
Land
Allocation NREA/Land
Owner
SPV
Establishmen
t GAFI
Qualification FiT Unit
Grid Connection
Study
EETC Within 14 days
Grid Connection
Contract EETC
Measurement, EIS and EEAA’s
Approval EEAA
3 – 6 Months for PV, and 1 Year for Wind
Conducting all Relevant Approvals &
Permits
Relevant Authorities
Usufruct Agreement Relevant Authority Land
Owner
Power Purchase
Agreement EETC
Financial Closure Financing Bodies
Within 1 year from the PPA
signing date
Construc
tion
Bond Investor
Direct
Agreement Investor, MoF,
EETC and
lender
Generation
License
EgyptERA Valid of the Project’s
Lifetime
First
Disburse
ment lender
Construc
tion Commercial Operation
Within 180 Days from the Required
Commercial Operation Date
All Agreements and
Contracts Come into Action
Fit
Commitment
Should not Exceed 180 days from the requested COD
Tuesday, April 21, 2015 Renewable Energy Development Schemes in Egypt 39
RE – FiT Projects: Above 500 kW
FiT
UNIT
Areas
Capacity
MW
Areas
(km2) Zone
3550 1220 Suez Gulf (wind)
5800 841 wind East Nile
34900 1290 Solar
25350 3636 wind West Nile
17400 606 Solar
1800 37 Benban (Solar)
260 7 Kom Ombo (Solar)
East Nile
West Nile
Benban
Suez Gulf
Land for RE
7650 KM2 were allocated for
Implementing RE projects
Kom Ombo
Yellow shaded cells represent the available areas
Renewable Energy Development Schemes in Egypt Tuesday, April 21, 2015 41
FiT
UNIT
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