New agreement ends Benbans cost-sharing dispute

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ArabFinance: The 32 solar developers taking part in Egypt’s Benban park obtained a reduced cost-sharing bill, Al Borsa News reported on December 1^st.

This step followed an agreement between the Egyptian Electricity Transmission Company (EETC) and the operating companies, according to unnamed sources.

The bill will now stand at EGP 1.6 billion, which will be paid across six installments over a five-year period, according to the news portal.

The reduced amount reportedly totaled EGP 300 million.

Last October, the involved parties reached an agreement to solve the dispute, however, the EETC legal affairs department was yet to review and ratify the proposal back then.

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