- Egyptian Government signs framework agreement for green hydrogen development.
- A green hydrogen facility that seeks to produce 220,000 tons of green hydrogen annually will be developed.
As a first step toward being carbon neutral, the Egyptian government has signed a framework agreement for creating, financing, constructing, operating, and maintaining a green hydrogen project.
A pilot electrolysis facility is anticipated to generate 20,000 tons of green hydrogen yearly initially. Then, up to 200,000 tons, more green hydrogen will be produced annually at the plant during the following phase, bringing the total output to 220,000 tons.
The project supports Egypt’s National Green Hydrogen Strategy, unveiled during COP27.
Elsewedy Electric, a Middle East and African provider of integrated energy and infrastructure solutions, and ReNew Power Private Limited, a multinational renewable energy provider, jointly signed the framework agreement.
A green hydrogen facility that seeks to produce 220,000 tons of green hydrogen annually will be developed, financed, built, operated, and maintained, according to the co-developers, who revealed this during the signing ceremony. This facility will be implemented in stages.
The General Authority for the Suez Canal Economic Zone, the New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, and the Sovereign Fund of Egypt Infrastructure & Utilities Sub Fund were all parties to the Framework Agreement.
The partners will conduct project and site investigations in the upcoming months and are anticipated to make the Final Investment Decision during the following 12 to 16 months based on the Framework Agreement. The project’s pilot phase is expected to begin in 2026.
Usufruct agreements for the project are also expected to be discussed going forward. The land shall be allocated to the partners for developing the Green Hydrogen project and the renewable energy resources needed to power the project.