Madbouly Highlights Egypt’s Ambitious Plan for Green Hydrogen and Renewable Energy Expansion

Madbouly Highlights Egypt’s Ambitious Plan for Green Hydrogen and Renewable Energy Expansion

Prime Minister Mostafa Madbouly has held a meeting at the government headquarters in the New Administrative Capital to follow up on the progress of green hydrogen projects.

The meeting was attended by in the presence Tarek El Molla, Minister of Petroleum and Mineral Resources; Mohamed Shaker, Minister of Electricity and Renewable Energy; and Hala Elsaid, Minister of Planning and Economic Development.

Madbouly began the meeting by emphasizing that the Egyptian government has an ambitious plan to enhance its capabilities in the field of using renewable energy, especially energy generated from green hydrogen. This contributes to reducing dependence on traditional fuels and reducing carbon emissions

Egypt has great capabilities that qualify it to be a regional center for the production and export of green hydrogen, especially in light of the green hydrogen strategy that was approved and grants many advantages and incentives to this promising sector, Madbouly pointed out.

The Prime Minister also stated that the goal of this meeting is to follow up on the procedures for converting a number of framework agreements on green hydrogen into contracts for these projects, stressing the need to take quick measures in this file, to complement the steps taken by the state in this field.

During the meeting, First Assistant to the Prime Minister and Head of the Technical Secretariat of the National Green Hydrogen Council Randa Al-Minshawi reviewed the efforts made through the work of the Technical Secretariat, where she explained that 27 valid memoranda of understanding had been signed, 10 binding framework agreements, and preparations are underway to sign two agreements.

Around 41,700 square kilometers have already been allocated, and procedures for allocating an additional 900 square kilometers are being completed to expand the implementation of these promising projects, Mohamed El Khayat, Executive Chairman of the New and Renewable Energy Authority (NREA), explained.

El Khayat added that green hydrogen production project sites were distributed among 27 memoranda of understanding (MoUs) signed with several investors, with a total capacity of about 115 gigawatts, including 63 gigawatts of wind energy and 52 gigawatts of solar energy.

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Sarah Samir 3501 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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