Boosting Green Hydrogen Collaboration between Egypt and India
Key Ideas
- Minister El Khatib and Sterlite Power's Head of Business Acquisition discussed opportunities to develop green hydrogen projects in Egypt during a meeting in India.
- Sterlite Power proposed a $5-6 billion project to establish an electricity grid for green hydrogen projects, aiming to enhance Egypt's renewable energy sector.
- Indian companies like Sterlite Power and OCIOR Energy are showing interest in investing in Egypt's green energy sector, signaling growing collaboration between the two countries.
- The collaboration is expected to bring job opportunities, boost renewable energy projects, and support Egypt's transition towards clean energy.
Minister of Investment and Foreign Trade Hassan El Khatib met with Sterlite Power's Head of Business Acquisition to discuss potential cooperation in developing green hydrogen projects in Egypt. The meeting, held during El Khatib's visit to India, highlighted the positive relations between Egypt and India in the energy sector. Sterlite Power proposed a significant investment of $5-6 billion to establish an electricity grid dedicated to green hydrogen projects in Egypt, showcasing confidence in the Egyptian market. This initiative aims to strengthen the country's power transmission infrastructure and align with its clean energy transition plan. The collaboration with Indian companies like Sterlite Power and OCIOR Energy, which recently signed an agreement with Egypt for a green ammonia project, signifies a promising future for renewable energy investments in Egypt. The partnerships are expected to create job opportunities, promote sustainable development, and introduce advanced technologies for efficient and sustainable energy projects in Egypt.