The economic sector showed a general determination to be part of the makeover to eco-friendly energy, while recognizing the wealth of resources and aspects in Egypt, which can be made use of to generate environment-friendly power
The German-Arab Chamber of Sector as well as Commerce (AHK Egypt), in conjunction with the German Federal Ministry for Economic Affairs as well as Climate Activity (BMWK), Embassy of Germany in Egypt and the German Agency for International Cooperation (GIZ) held its 1st high degree steering board meeting on energy as well as hydrogen teamwork between Egypt as well as Germany on Sunday 12th March, 2023, to talk about as well as develop a stronger structure for the collaboration in between Egypt and also Germany in the field of power, specifically hydrogen.
The top-level conference was gone to by Stefan Wenzel, Parliamentary State Assistant of the BMWK, Rania A. Al-Mashat, Minister of International Cooperation, Tarek El Molla, Minister of Petroleum and also Mineral Resources, Mahmoud Esmat, Preacher of Public Organization Market, Ahmed Mohamed Mohina, First undersecretary of Study Planning as well as Authorities at the Ministry of Electrical Energy and also Renewables and also Stefanie Soerensen, Replacement Head of Advancement Teamwork at the Embassy of the Federal Republic of Germany in Cairo.
The roundtable was moderated by Jan Noether, CEO, AHK Egypt with Ellen von Zitzewitz, the Deputy Head of Department of the BMWK.
This conference is among the first steps of execution, after signing a MoU on 3 November 2022, between the BMWK, The Federal Ministry for Economic Collaboration and Advancement (BMZ) as well as the Egyptian Ministry of Electricity and Renewable Energy, The Egyptian Ministry of Oil and also Mineral Resources, and also the Egyptian Ministry of International Teamwork.
After Noether welcomed the visitors, Wenzel opened up the roundtable by highlighting the value of enhancing the partnership in between Egypt as well as Germany, specifically given that “Egypt is an amazing resource abundant nation,” which is what makes it an appealing financial investment opportunity for private German services operating in the fields of electrical energy, oil, as well as gas.
On the Egyptian side, the ministers showed an enormous determination and also openness for reinforcing the reciprocal agreements between both countries, in addition to, fitting the needs of the German private sector companies and also capitalists. El-Molla notified the visitors concerning the National Energy Approach of Egypt, which is targeted at boosting financial development, protecting natural deposits as well as promoting sustainable development.
Mohina highlighted the fantastic possible that Egyptian renewable energy has by revealing that 5200 km2 of prospective sustainable sources have actually been alloted.
Al-Mashat mentioned that the energy change, decarbonization, and also all energy-related problems are high up on the program of the two nations’ work. According to Essmat, the ministry is taking severe actions in the direction of environment-friendly transformation, through its subsidiaries, which has actually encouraged the facility of numerous projects with the private sectors, such as the environment-friendly ammonia plant in Suez.
Adding to the conversation were around 70 substantial senior officials from German and also Egyptian companies running in the field of environment-friendly power such as DAI Infrastruktur Gmbh, INP Egypt LLC, Guy Power Solutions Egypt, Siemens Energy, SPG Steiner GmBH, thyssenkrupp Industrial Solutions Egypt, TÜV NORD, Uniper Global Commodities SE and VNG AG.
The private sector showed a general readiness to be component of the change to green power, while recognizing the abundance of resources and also components in Egypt, which can be made use of to produce environment-friendly power.
Last Updated: 22 March 2023
