280
M. Elshazly
sovereign guarantee of the Egyptian Ministry of Finance, to guarantee
EETC while receiving loans or carrying out its financial commitments
under any of the contractual arrangements concluded by EETC and any
other third party.
8.5.2 Streamlining the Investment Process
A key concern is the crucial need to streamline the investment process in
renewable energy-related fields of investments and to promote the idea
of a one-stop-shop. Although the Egyptian legislations are comprehensive enough and they offer several incentives to facilitate and streamline
investment procedures, they are not sufficient due to lack of implementation. Some difficulties have been experienced by developers and
investors in the field of renewable energy in the course of project implementation.
26 For instance; the administrative procedures regarding land
registration for renewable energy developers are rather complex.
In this respect, there is a need to empower NREA as a ‘one-stop-shop’
facilitator, instead of being just a developer for renewable energy projects.
This will enable it to provide all permits and authorizations required
from relevant institutions and administrations relevant to renewables
investments, thus easing renewable energy projects development and
the implementation process. This may include expediting the selection
process of the developers under any of the renewable energy development
schemes (EPC, BOO and FIT), issuing renewable energy generation
licences, allocating the land for planned renewable energy projects, and
handling the contractual process (connection agreements and PPAs)
between the developers and EETC.
26 “Renewable Energy Outlook Egypt“, IRENA and NREA, 2018, P. 78
M. Elshazly
sovereign guarantee of the Egyptian Ministry of Finance, to guarantee
EETC while receiving loans or carrying out its financial commitments
under any of the contractual arrangements concluded by EETC and any
other third party.
8.5.2 Streamlining the Investment Process
A key concern is the crucial need to streamline the investment process in
renewable energy-related fields of investments and to promote the idea
of a one-stop-shop. Although the Egyptian legislations are comprehensive enough and they offer several incentives to facilitate and streamline
investment procedures, they are not sufficient due to lack of implementation. Some difficulties have been experienced by developers and
investors in the field of renewable energy in the course of project implementation.
26 For instance; the administrative procedures regarding land
registration for renewable energy developers are rather complex.
In this respect, there is a need to empower NREA as a ‘one-stop-shop’
facilitator, instead of being just a developer for renewable energy projects.
This will enable it to provide all permits and authorizations required
from relevant institutions and administrations relevant to renewables
investments, thus easing renewable energy projects development and
the implementation process. This may include expediting the selection
process of the developers under any of the renewable energy development
schemes (EPC, BOO and FIT), issuing renewable energy generation
licences, allocating the land for planned renewable energy projects, and
handling the contractual process (connection agreements and PPAs)
between the developers and EETC.
26 “Renewable Energy Outlook Egypt“, IRENA and NREA, 2018, P. 78