The Ministry of Electricity and Renewable Energy will stop relying on its current tendering process and will resort to more advanced schemes as BOOT, BOO, PPP and EPC+Finance, according to Minster Mohamed Shaker speaking to Al Mal. Through the EPC+Finance scheme, the government will chose a bidder through a single auction for power plant projects (EETC to finance through loans with special interest), rather than tendering power plant projects through 18 sub-tenders under the current scheme. Shaker added that the old system had cost the government a lot of time and deprived the country from foreign financing and funding; however, it has benefited local banks as, through the EPC+ finance, the winning bidder will source the funding from foreign markets. In addition, the government seeks to expand its reliance on public private partnership (PPP) schemes, as it had recently done with the Feed-in tariff for renewable energy, that aided in adding 4GW to the national grid before summer’s peaked demand. Shaker stressed that the Ministry plans on supporting national companies that have contributed to recent energy projects, namely, Elsewedy Electric (SWDY.CA) and Orascom Construction (OC.DI) (that have lately advanced their performance significantly as they benefited highly from the government’s projects. (Al Mal)   Elsewedy Electric: EGP35.00 as of 09 February 2016, Rating: Buy, FV: EGP62.50 per share, MCap: USD999 million, SWDY EY / SWDY.CA   Orascom Construction (DU): EGP6.20 as of 09 February 2016, Rating: Buy, FV: EGP9.06 per share, MCap: USD732 million, OC DU / OC.DI