Prime Minister Dr Mostafa Madbouly convened a meeting to review Renergy Group Partners’ proposal for a mega green hydrogen plant in Egypt.
Attendees included Dr Mohamed Shaker, Minister of Electricity and Renewable Energy; General Mohamed Salah El-Din, Minister of Military Production; Mr Robert Valk, CEO of Renergy Group Partners and Green Tech Egypt, the project implementing company; Adviser Amjad Said, Legal Counsel to the Minister of Electricity and Renewable Energy; Engineer Alaa Hajar, representing the Ministry of Petroleum and Mineral Resources in the Technical Office; and Engineer Mohamed Abu El-Naga, Adviser to the Ministry of Military Production.
Proposed scale and export target
According to Ambassador Nader Saad, spokesperson for the Cabinet presidency, the proposal is based on foreign direct investment. It envisages annual green hydrogen production of 400 thousand tons, powered exclusively by a 15-gigawatt solar plant. All hydrogen produced would be supplied to European markets, with a financial target of one billion dollars in annual revenue. The project is also expected to create substantial employment.
Next steps
The next phase will include a detailed feasibility study and the selection of the most suitable site. At the close of the meeting, the Prime Minister approved the proposal and called for practical assessments and investigations to be accelerated.
