BEIJING – Egyptian Prime Minister Moustafa Madbouli commended the volume of Chinese investments in Egypt, especially China Energy Company.
He voiced hope to partner with China Energy in a number of top priority projects in Egypt, including new and renewable energy projects.
Madbouli made the remarks during a meeting with Chairman of China Energy Song Hailiang in the presence of Egyptian Ambassador to China Asem Hanafi.
The meeting followed the inauguration of the summit of the Forum of China-Africa Co-operation (FOCAC) in Beijing.
Madbouli underlined the importance of the comprehensive strategic partnership between Egypt and China, especially in the economic and investment scores.
He noted that Egypt is deeply interested in projects of wind power plants and green hydrogen, adding that the company has presented offers in this regard.
He added that Egypt seeks localizing solar panels industry and technology linked to new and renewable energy, expressing preparedness to engage in partnerships in such projects as China is a leading country in this domain.
He voiced hope that China Energy would engage in partnership with Egypt in such projects.
Meanwhile, the chairman of China Energy said the company has 12 projects in Egypt at dlrs 2 billion, attributing the success of these projects to the continued support of the Egyptian state.
He thanked Madbouli for his support, stressing the company’s keenness on sending working teams after official meetings with the Egyptian side.
He added that Egypt has promising potentials in the solar and wind energy generation domain.
He said the company will intensify cooperation with Egyptian government bodies to render successful more projects in this domain.
He noted that the company has an important project of green hydrogen in the Suez Canal Economic Zone.
He voiced hope to cooperate with Egypt in the field of exporting new and renewable energy, especially to Europe.
He said the company hopes to swiftly establish the first factory in North Africa and Egypt to produce green ammonia.
Reviewing the company’s plans, Madbouli urged the company to swiftly establish factories to localize photovoltaic industries related to solar energy, storage batteries for renewable energy, and wind towers, stressing that the Egyptian government will be ready to provide all possible incentives in this regard as it currently considers this file a top priority.
The Chinese company head said the firm will accelerate the establishment of factories and production centers of new and renewable energy technology.
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