New National Renewable Energy Strategy adopted in Egypt in 2015 stipulated renewable energy auction mechanism to be introduced in Egypt for future renewable energy capacity procurement. Presidential Decree enacting Renewable Energy Law (Decree No 203/2014) in 2014 established competitive bidding mechanism for build-own-operate (BOO) contracts.
Within the mechanism the Egyptian Electricity Transmission Company (EETC) will hold five rounds of tenders for BOO contracts. The EETC announces call for applications and is responsible for running the auction. New and Renewable Energy Authority (NREA) is responsible for land provision to selected projects for period when projects will be constructed and operating. After the decommissioning of the project, the land goes back to NREA.