Masdar signs landmark agreements to develop 4 GW-capacity green hydrogen plants in Egypt by 2030

Masdar signs landmark agreements to develop 4 GW-capacity green hydrogen plants in Egypt by 2030

The Memorandums of Understanding were signed in the presence of His Excellency Mostafa Kamal Madbouly, Prime Minister of the Arab Republic of Egypt, His Excellency Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Chairman of Masdar, His Excellency Dr Mohamed Shaker El-Markabi, Minister of Electricity and Renewable Energy for Egypt, and Her Excellency Dr Hala El Said, Minister of Planning and Economic Development and Chairperson of The Sovereign Fund of Egypt.

Amr Allam and Hassan Allam, Co- Chief Executive Officers of Hassan Allam Holding, were also in attendance, along with Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. The Egyptian organizations concerned include the New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, The Sovereign Fund of Egypt, and The General Authority for Suez Canal Economic Zone.

HE Mostafa Kamal Madbouly, Prime Minister of the Arab Republic of Egypt, expressed his happiness at this signing with Egypt’s brothers in the UAE, highlighting the directives of President Abdel Fattah El-Sisi, to strengthen and consolidate relations with the UAE in various sectors, so as to contribute to achieving the interests of the two nations. He stressed that the state is working