Egyptian Prime Minister, Mostafa Madbouly, held a meeting with Siemens’s CEO, Christian Bruch, to discuss green hydrogen development in Egypt, the Egyptian Cabinet announced.

The meeting was attended by Mohamed Shaker, Minister of Electricity and Renewable Energy, and Emad Ghaly, Siemens Egypt’s Managing Director.

Madbouly started the meeting by welcoming the Siemens delegation, praising the distinguished relations with Siemens, and the long history of partnerships in various fields.

Following the meeting, Madbouly and Shaker witnessed the signing of a memorandum of understanding (MoU) between the Egyptian Electricity Holding Company (EEHC) and Siemens.

The MoU was signed by Gaber El-Desouky, Chairman of the Board of Directors EEHC, Bruch, and Ghaly.

“Signing an agreement with the German company ‘Siemens’ will give a strong impetus to the close relations between the two sides, especially since green hydrogen is the future of energy,” Madbouly said, adding that “Egypt has a plan to develop the green hydrogen industry in conjunction with the programs currently implemented by the European Union in this regard.”

Madbouly expressed his aspiration to translating the MoU signed between the two sides into concrete projects in the near future.

The MoU comes within the framework of implementing Egypt’s strategy to expand the fields of green energy, increase the contribution of renewable energy in the energy mix, and the attention given by the energy sector to diversifying sources of electricity production and benefiting from Egypt’s natural wealth, Egyptian Cabinet Spokesman, Nader Saad, noted.