The European Bank for Reconstruction and Development (EBRD) is yet to decide whether to fund Feed-in-Tariff projects, the EBRD's Cairo Office Head Philip ter Woort said. The EBRD, which -so far- had allocated USD500mn in financing for 10-15 renewable projects in Egypt, is one of multiple lenders that backed away from the FiT programme over the government’s insistence on domestic arbitration. The bank is in talks with the government to resolve the situation, Woort added. (Enterprise, EBRD)
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