In conjunction with co-partners Eversheds, DNV GL, IFC and EBRD, Apricum co-hosted an official briefing on behalf of the Egyptian government for companies who have pre-qualified for Egypt’s FIT program. The forum featured keynote presentations from Dr Mohamed Salah El Sobki, Executive Chairman New and Renewable Energy Authority; Dr Hafez El-Salmawy, Managing Director, Egyptian Electric Utility and Consumer Protection Regulatory Agency and Eng Lamya Youssef Abdel Hakim, Sector Head of Private Projects and Head of Central Unit of FIT Projects, Egyptian Electricity Transmission Company (EETC).

In each session, developers and investors had the chance to ask questions and make suggestions to the Government for changes.

Topics covered included:

  • update on the new investment rules from a marketability and bankability perspective
  • review of the requirements for land allocation and the grant of land interests
  • technical requirements and considerations such as resource assessment innovation, grid connection, grid integration impacts, due diligence and environmental issues
  • update on the PPA status and timeline, likely sources of finance from local and regional banks, the general structure of project finance, and bankability learnings from the Jordanian market

Apricum Partner Dr. Moritz Borgmann moderated the afternoon session and panel discussion on the topic of “Financing and Bankability of FIT Regime”. Also in attendance from Apricum were Martin Mitscher, Project Manager, and Sebastian Schierenbeck, Senior Consultant.

For further information, please contact Dr. Moritz Borgmann.

Request your free copy of Apricum’s renewable energy market briefing on Egypt here.

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