(MENAFN - Daily News Egypt) Noteworthy, the Egyptian Ministry of Electricity targets producing 20% of the total energy produced on the electricity grid through new and renewable energy sources by 2022. The percentage will increase to reach 47% in 2037.
Investors praised the commitment of the EETC in repaying the dues without delays.
Taymuor Aboulkheir, investment manager at Infinity Solar, said that the EETC is committed to repaying the dues regularly, as Infinity connected the production of a solar energy plant with a capacity of 50MW, and started selling the production to the ministry of electricity in February.
Moreover, Aboulkheir explained that Infinity plans to implement solar energy plants with large capacities, according to the independent power producer (IPP) system. "Electricity officials have welcomed the offers to inaugurate the projects, and we are awaiting negotiations to start," he added.