SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Emirati, Australian companies consider investing in Egyptian green energy
Published in Daily News Egypt on 24 - 08 - 2022

Representatives of the UAE's KK Power International and Australian Fortescue Future Industries (FFI) expressed their desire to invest in renewable energy and green hydrogen in Egypt during the coming period.
Moataz Kandil, regional director of FFI in the Middle East and North Africa, said that the legislation and regulations governing investment in green energy in Egypt contributed to achieving a major leap in clean energy projects in Egypt, and the company seeks to cooperate and invest in renewable energy projects and green hydrogen production.
He stressed the importance of exchanging visions during the coming period in preparation for Egypt's hosting of the 27th Conference of Parties (COP27) next November, especially since Egypt is one of the attractive destinations for foreign and Arab investments, as a result of the efforts that have led to a tangible improvement of the investment climate in Egypt.
Taj El-Din Seif, Chairperson of KK Power, expressed his aspiration to enhance bilateral cooperation with Egypt in the fields of renewable energy, green hydrogen, and green ammonia.
He stressed that the government's direction in the coming period includes opening the way for private companies to implement green projects in conjunction with hosting the upcoming climate summit in Sharm El-Sheikh.
This came during a meeting of representatives of the Emirati and Australian companies with Mohamed Shaker, Minister of Electricity, within the framework of Egypt's keenness to enhance cooperation and exchange experiences in all fields, and to attract and encourage investment in Egypt, especially the participation of the private sector in various projects in the electricity sector.
Minister Shaker affirmed that the electricity sector receives unprecedented support from the political leadership, which has put the issue of electric energy at the top of its priorities as it is the main pillar of development in various fields of economic and social life, and considers securing the electricity supply a matter of national security.
He pointed to the great challenges that Egypt faced in providing energy to the local market during an earlier stage. Against the background of political stability, Egypt was able to take a number of reform measures and policies in the energy sector within the framework of a new strategy that guarantees supply security, sustainability and rational management.
The minister indicated that many measures have been taken to encourage the participation of the private sector in new and renewable energy projects, in which Egypt enjoys a clear richness in its sources, which mainly include wind and solar energy. This field reflects the commitment of the Egyptian state towards renewable energy projects.


Clic here to read the story from its source.