The Egyptian Minister of Electricity, Mohamed Shaker, met with the British Ambassador to Cairo, Gareth Bayley, and the Director of the British Gas and Electricity Markets Office, Martin Cave. This meeting came to search for ways to support and enhance cooperation with the Egyptian electricity and renewable energy sector, increase investment opportunities, and learn about the Egyptian experience and the measures taken by the Egyptian electricity sector in the field of reducing emissions.
Shaker referred to the state’s strategy, which aims to increase the contribution of renewable energy in the electric energy mix, and the attention that the electricity and renewable energy sector attaches to diversify the sources of electric energy production and benefiting from Egypt’s natural wealth. In particular, new and renewable energy sources, which aim to reach 42% of the contribution of renewable energy in the energy mix in Egypt by 2035.
This meeting came after the announcement of the partnership between the British Gas and Electricity Markets Office and the Egyptian Electricity Utility Regulatory Authority. Moreover, this partnership will pave the way to facilitate access and increase the flow of British investments to the renewable energy market in Egypt, after Egypt assumes the presidency of the COP27 climate conference in Sharm El-Sheikh.
The Egyptian Minister of Electricity, Mohamed Shaker, pointed out that there is cooperation with international companies to start implementing pilot projects for the production of green hydrogen in Egypt as a first step towards expanding in this field to reach the possibility of export as it is one of the largest international companies with great experience in the field of clean energy in the world.
He also emphasized that green hydrogen is also receiving great attention as a source of energy in the near future and research into all possible alternatives to generate and use hydrogen, considering international experiences in this field.
The British delegation praised the great experience that the Egyptian electricity and renewable energy sector possesses in all fields, and expressed its happiness to continue developing the green partnership with Egypt, as well as the reforms that Egypt has succeeded in achieving in general, and to the achievements that the Egyptian electricity sector has achieved during the past few years.
The British delegation also affirmed their desire to increase the volume of cooperation with Egypt in many fields, especially renewable energies and green hydrogen, until the percentages of emissions reach zero.