President Abdel Fattah El Sisi
directed the government to continue strengthening the existing efforts to
attract foreign investments in the field of
clean energy production, particularly green hydrogen and its various industrial
applications, to maximize the benefit from the strategic and vital location of
the Canal.
“This contributes to it becoming a
lucrative and leading region in the world in this emerging industry, as well as
transforming it into a global logistics center for green bunkering ships,” said
Presidential Spokesperson Bassam Rady in a statement on Monday.
President Sisi’s directives were
given during a meeting with Prime Minister Dr. Mostafa Madbouli, Minister of
Electricity and Renewable Energy Dr. Mohamed Shaker, and Chairman of the
General Authority for the Suez Canal Economic Zone (SCZone) Eng. Yehia Zaki.
The meeting discussed the projects of
green hydrogen production nationwide and focused on the latest developments in
cooperation efforts with international companies in the field of green hydrogen
generation using renewable energy, Rady continued.
“These efforts are being made as part of
the national strategy that aims to maximize the share of clean energy in the
country’s electrical capacity mix to reach 42 %, given Egypt’s huge clean
energy potential, especially wind and solar power,” he said.
President El-Sisi stressed the need
to maximize the local components of the green hydrogen production system,
particularly electrolysis devices, which are the mainstay of this industry.
The President underlined the need to
study increasing the capacities generated by wind turbines by relying on
ultra-high turbines with large generating capacities, in order to maximize the
utilization of wind energy in several geographical locations across the nation.
Source: Egypt Today