Saturday, April 20, 2024
Today's News
Saturday, April 20, 2024
Today's News

Egypt is seen as resource-rich country for private energy sector: German officials

Egypt is seen as resource-rich country for private energy sector: German officials

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

Culture & Life Style
Eid-Ul-Fitr 2024: 30 Best SMS, Eid WhatsApp messages, quotes, wishes, Facebook status to wish Eid Mubarak to loved ones
08 Apr 2024
Eid-Ul-Fitr 2024: 30 Best SMS, Eid WhatsApp messages, quotes, wishes, Facebook status to wish Eid Mubarak to loved ones
Eid-Ul-Fitr 2024: 30 Best SMS, Eid WhatsApp messages, quotes, wishes, Facebook status Eid-ul-Fitr, the joyous occasion marking the end of Ramadan, is around the corner. As Muslims worldwide prepare to…
READ MORE
Ramadan Kareem 2024: Follow These Seven Steps to Remain Healthy During the Holy Month
Ramadan Kareem 2024: Follow These Seven Steps to Remain Healthy During the Holy Month
Ramadan Kareem 2024: Follow These Seven Steps to Remain Healthy…
READ MORE
Free eSIM Activation in UAE: Step-by-Step Guide for du and Etisalat by e& Users
Free eSIM Activation in UAE: Step-by-Step Guide for du and Etisalat by e& Users
Mobile users in the United Arab Emirates (UAE), both du…
READ MORE
Building a Strong Immune System: Your Key to Optimal Health
Building a Strong Immune System: Your Key to Optimal Health
In a world filled with various health concerns and challenges,…
READ MORE
Entertainment
Saudi Lawyer Wins $1 Million in Dubai Duty Free Draw
Saudi Lawyer Wins $1 Million in Dubai Duty Free Draw
Jawaher Alamoudi, a 30-year-old lawyer from Saudi Arabia, is celebrating after winning $1 million in…
Koffee With Karan: Navigating Predictability in Bollywood’s Talk Show Landscape
Koffee With Karan: Navigating Predictability in Bollywood’s Talk Show Landscape
Once known for its edginess and buzz, Koffee With Karan appears to be veering towards…
Punjabi Pop Triumph: Ali Sethi’s Mesmerizing Night at Dubai Opera
Punjabi Pop Triumph: Ali Sethi’s Mesmerizing Night at Dubai Opera
On the illustrious night of November 11, the vibrant echoes of Punjabi pop resonated through…
Exploring Culinary Excellence: The Best Top 10 Restaurants in Riyadh
Exploring Culinary Excellence: The Best Top 10 Restaurants in Riyadh
Riyadh, the capital city of Saudi Arabia, is a thriving metropolis with a rich cultural…
Christina Karam hits winning note with songs for Egypt
Christina Karam hits winning note with songs for Egypt
Increasing celebrity uses music to advertise country's appeal in 'Egypt Deserves' project A rising star…
Miss World: A brief history, including controversies, criteria and famous winners
Miss World: A brief history, including controversies, criteria and famous winners
The contest, established in 1951, is the longest-running worldwide charm contest Model from around the…
Rihanna dons custom Alaia coat for Super Bowl performance, reveals pregnancy
Rihanna dons custom Alaia coat for Super Bowl performance, reveals pregnancy
Pop as well as R&B super star Rihanna made a grand go back to the…
Georgina Rodriguez is the new face of Italian luxury label Elisabetta Franchi
Georgina Rodriguez is the new face of Italian luxury label Elisabetta Franchi
DUBAI: Argentine version Georgina Rodriguez, who now stays in Saudi Arabia, is the new worldwide…
‘Paper Planes’ rapper M.I.A. joins Wireless Abu Dhabi line-up
‘Paper Planes’ rapper M.I.A. joins Wireless Abu Dhabi line-up
British rap artist M.I.A. is the most recent enhancement to the line-up set to descend…
1309 Studios founder Ghada Al-Subaey talks Arab representation, dressing Georgina Rodriguez
1309 Studios founder Ghada Al-Subaey talks Arab representation, dressing Georgina Rodriguez
Qatar-based ready-to-wear label 1309 Studios, started by business owner Ghada Al-Subaey, has actually been garnering…
Country
Mauritania
Mauritania News
UAE
UAE News
Egypt
Egypt News
Oman
Oman News
South Arabia
South Arabia News
Jordan
Jordan News
Qatar
Qatar News
Kuwait
Kuwait News
Bahrain
Bahrain News
Iran
Iran News