Prime Minister Mostafa Madbouly Water the Signing of 7 of the Cooperation Agreements in the Fields of Green Hydrogen and Renewable Energy.

By Ingy Ashraf,

According to the State Information system stated that, Dr. Mostafa Madbouly attended the signing of 7 agreement of cooperation in the sectors of green hydrogen and renewable energy. The agreements were signed between 7 international developers and a large number of government entities represented by the sovereign fund of Egypt, the General Authority for the Suez Canal Economic Zone, the New and Renewable Energy Authority, and the Egyptian Electricity Transmission Company.

The agreements of the project are predicted to attract more than $12 billion in investment during the first stage as a pilot program and then an additional $29 billion in the first phase for a total investment of over $40 billion over 10 years.

The signing signals the start of new investment agreements and arrangements that will reach the targets of the National Green Hydrogen Strategy.

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