Egypt’s Minister of Electricity and Renewable Energy, Mohamed Shaker, held a meeting with Andreas Matthe, CEO of Siemens Smart Infrastructure’s Electrical Products Business Unit, along with Mostafa El-Bagoury, CEO of Siemens Egypt, and Mohamed Badran, Head of Siemens Egypt’s LV as well as MV business. The meeting revolved around exploring collaboration opportunities in Egypt’s electricity and renewable energy sector, as well as discussing potential investment prospects in the country.
Minister Shaker underscored the robust and lasting partnership between Egypt and Germany, with a particular emphasis on their collaboration with Siemens in diverse areas. He highlighted the ongoing partnership between Egypt’s electricity sector and Siemens, focusing on the joint implementation of multiple projects and programs that leverage Siemens’ expertise and technological advancements.
Shaker also underlined the successful collaboration with Siemens in the construction of three large power stations with a combined capacity of 14.4 gigawatts, achieving an impressive efficiency rate of 60.5%. This achievement has resulted in significant fuel savings for Egypt.
In accordance with the industry’s plan to achieve a renewable energy portion exceeding 42% by 2030, Minister Shaker discussed the collaboration with international firms to kickstart pilot projects for green hydrogen production in Egypt. This represents the initial phase in advancing this field and exploring export opportunities. He revealed that during the Climate Conference COP 27, 23 memoranda of understanding were signed, including 9 framework agreements with major companies in the green hydrogen field.
Shaker also highlighted Egypt’s substantial interest in green hydrogen as a promising future energy source, emphasizing the exploration of various options for hydrogen generation and utilization, taking into account international experiences in this domain. He stressed Egypt’s commitment to becoming a gateway for clean energy in Africa and supporting other African nations in accessing clean energy from renewable sources.
In accordance with the Egyptian government’s commitment to developing domestic industries for renewable energy and green hydrogen initiatives, the Ministry of Electricity and Renewable Energy has expressed its intention to engage in electrical interconnection projects with neighboring nations. They are also exploring the possibility of establishing electrical connections with Cyprus and Greece, with the goal of exporting electricity to European markets.
Andreas Matthe commended the rapid and remarkable progress achieved by the Ministry of Electricity and Renewable Energy in their projects and the accomplishments of Egypt’s electricity and renewable energy sector within a short timeframe. He expressed a strong desire to enhance cooperation with the electricity sector in various areas, acknowledging the extensive expertise of Egypt in all aspects of electricity and renewable energy.
Matthe praised the fruitful collaboration with the Egyptian electricity and renewable energy sector and their ambitious future visions in project implementation, particularly regarding the energy transition, expansion of renewable energy projects, and environmental conservation. He expressed a keen interest in continuing to provide their expertise and studies in various fields and increasing Siemens’ investments in Egypt.