Egypt s PM Mostafa Madbouly in his meeting with Chairman of Australia s Fortescue Group Andrew Forrest in Cairo on Monday (Photo : Egyptian Cabinet)
Madbouly said Egypt is preparing to launch a national strategy to increase the production, use and export of clean energy, especially green hydrogen, in parallel with the preparations for hosting the UN Conference on Climate (COP27) in November in Sharm El-Sheikh, the Egyptian cabinet said.
Madbouly also encouraged the Australian group to establish and expand green hydrogen projects in Egypt like the Benban Solar Park in Upper Egypt's Aswan, which houses more than 32 solar energy projects with a total capacity of about 1,465 megawatts.
For his part, Forrest reviewed his Group’s expertise in the area of green hydrogen, expressing its readiness to pump investments to produce energy from green hydrogen in Egypt.
Forrest said that Egypt's capabilities make it an ideal choice to become a regional hub for energy produced from green hydrogen and to export energy to Europe.
At the end of the meeting, an agreement was reached to intensify talks between the Ministry of Electricity and the Australian company in order to quickly finalise the blueprints for the proposed projects to be implemented in Egypt.