CAIRO – Egypt and Malta have signed a memorandum of understanding (MoU) for strengthened cooperation in the areas of energy and electricity, according to a statement by the Electricity and Renewable Energy Ministry.
The agreement was co-inked by Minister of Electricity and Renewable Energy Mohamed Shaker and Maltese Minister for the Environment, Energy and Regeneration of the Grand Harbor Miriam Dalli in the Maltese capital of Valletta, added the statement.
The agreement outlines the areas for possible cooperation between the two countries, seeking to increase the exchange of knowledge and expertise in the domains of energy sources management and generation of electricity, focusing on diversification and security of supply, said the note.
Shaker pointed out to the possibility that such cooperation will help countries in the Mediterranean region to find solutions to face climate change challenges.
“We are exploring potentials in renewable energy systems and emerging technologies and fostering research and innovation within the energy and electricity sectors. Both countries believe in supporting the public and private sectors in implementing energy efficiency initiatives and measures,” Dalli said according to MENA.
The two countries will explore the potential of virtual energy corridors that would contribute to the achievement of energy diversification from renewable energy sources.
Dalli noted that this cooperation comes amid the fast transformation happening in the energy sector, with strong potential awaiting the Mediterranean region.
She also remarked how such cooperation can help the respective countries in their solutions towards addressing the challenges brought about by the climate crisis.
In this regard, Malta has been pushing forward the initiative of the Mediterranean as a green energy hub amongst the nine EU Mediterranean states, with the ambition of extending further to other Mediterranean countries.
The MoU also refers to the exchange of technical expertise through educational initiatives, training programs and information sharing. The collaborative effort will also tap into capacity building of green hydrogen projects and the electricity market.
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