The Cabinet of the Arab Country stated that Egypt and Slovenia are looking at strengthening their partnership in renewable energy, green hydrogen, and electricity.
The Minister of Electricity in Egypt Mohamed Shaker met with Mateja Prevolsek, the Ambassador of Slovenia to Cairo. They discussed ways to strengthen and expand cooperation and to open up new investment opportunities.
Shaker stated that Egypt has taken a variety of steps to encourage the participation of the private sector in projects related to renewable energy, including solar and wind power, during the meeting. Shaker stated that the most important step was the legislative change to make it easier for green power projects to be funded.
Minister Amir said that Egypt has been working with an international consultant to develop an energy strategy, which will include increasing the percentage of renewables in Egypt to 42% by 2035.
Shaker also stated that the preparation of North Africa’s hydrogen strategy is moving forward and that the advisory work has been completed.
Mateja Prevolsek, for her part, expressed Slovenia’s desire to increase bilateral cooperation between the countries. The ambassador noted that Egypt is a desirable investment destination because of the positive investment climate.