Egypt's electricity minister on Sunday held talks with China Energy Overseas Investment Company (CEECOIC) on plans to boost cooperation in renewable energy and energy storage, including the local manufacturing of solar cells and batteries. Minister Mahmoud Essmat said Egypt is prioritising the localisation of renewable energy equipment as part of its national strategy, which sets requirements for raising the local content in solar and wind power projects to 60 per cent. "Localising renewable energy manufacturing is one of the key pillars of our work plan at this stage," Minister Essmat said, adding that Cairo aims to attract more foreign investment while promoting local industry. China Energy discussed its plans to relocate its North and West Africa headquarters to Cairo and proposed several projects, including 1,000 megawatts (MW) of solar capacity, a 600 MW battery-based storage plant, and a separate 1,000 MW storage facility. Egypt has been working to position itself as a regional hub for electrical equipment manufacturing, offering incentives and regulatory support to international partners. Attribution: Amwal Al Ghad English