Investors and developers have condemned the government’s refusal to compromise over the terms of the power purchase agreement for utility-scale feed-in tariff (FiT) projects, which means that the majority of projects in the first phase will not go ahead. Cairo’s inflexibility has created a suspicion within the industry that it has used the disputed clauses as a pretext for shutting down most of the programme, having concluded that the FIT prices had been set too high. Some projects may go ahead in a subsequent phase, and renewables projects are going ahead under other less controversial schemes.
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