Mazghouny & Co advises impact investment company Empower New Energy on its first solar power project completed in Egypt
Empower New Energy‘s first solar power project in Egypt has been commissioned earlier this month and is generating electricity for one of the country’s leading aluminium manufacturers. The 495kWp rooftop solar power plant has been financed by Empower and developed in partnership with Gree Solar. The project is expected to generate 859,658kWh per year, and […]
Mazghouny & Co advises 32 Benban developers on the settlement of the EGP 1.6 billion CSA cost overrun claim of the Egyptian Electricity Transmission Company
Mazghouny & Co has assisted 32 solar power developers in Benban in connection with the settlement of the cost sharing agreement cost overrun dispute which had arisen with the Egyptian Electricity Transmission Company (EETC) over a year ago regarding the shared interconnection works in the site. Mazghouny & Co has drafted the settlement agreement and […]
What [near] future for small-scale solar energy generation project in Egypt? The net-metering case
On 28 April 2020, the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) issued Circular no. 2/2020, published on 19 May 2020 and applicable as of 20 May 2020, restructuring the net-metering scheme in Egypt (accessible here: http://egyptera.org/ar/Download/journal/2020/2_2020.pdf). The new decision cancels any previous circulars applicable to solar energy generation projects operating on a […]