TAQA Arabia, MAN Energy Sign MoU on Egyptian Green Hydrogen Project

TAQA Arabia, MAN Energy Sign MoU on Egyptian Green Hydrogen Project

TAQA Power, TAQA Arabia’s subsidiary in Egypt, signed a memorandum of understanding (MoU) with MAN Energy for a green hydrogen-producing project to provide fuel for tourist busses, MAN Energy said in a statement.

According to the MoU, MAN Energy will provide technical information on employing electrolysis for a hydrogen-plant solution, due to run until autumn 2022.

“TAQA Power is regarded as a pioneer in this green field to the Egyptian market. In this spirit, we are very happy to join forces with MAN Energy Solutions for such a great endeavor, aiming to generate and increase the use of Green Hydrogen in Egypt,” Samy AbdelKader , TAQA Power’s Managing Director stated.

AbdelKader added “TAQA Power” is determined to lead the private sector’s participation in actualizing the Sustainable Development Goals (SDG) set by President Abdel-Fattah El-Sisi for Egypt Vision 2030. We plan to achieve that by complying with the state’s strategies for energy sustainability, while supporting the Ministry of Environment’s endeavors towards reducing emissions. We aspire to contribute to a Net-zero carbon future.”

“This is an exciting venture with a valuable partner in a country that has recognized what an incredibly important role green hydrogen will play on the path to a climate-neutral, global economy. It is also a great opportunity for MAN Energy Solutions to display its expertise in all processing steps of the hydrogen economy. We look forward to working closely with TAQA Power in finding the optimal solution that will position them strongly in what will be one of the most important markets of the future,” Head of MAN Energy Solutions’ Energy Business in the region, Ghassan Saab, noted.

 

Sarah Samir 2538 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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