PROJECTS: Egypt's TAQA Arabia, Germany's MAN Energy to study green hydrogen project

Pilot project planned to produce green hydrogen to fuel domestic tourist buses in Egypt

  
Image used for illustrative purpose only. Rendering of MAN Energy Solutions' green hydrogen production system using electrolysers

Image used for illustrative purpose only. Rendering of MAN Energy Solutions' green hydrogen production system using electrolysers

Taqa Arabia handout via Zawya Projects

TAQA Power, a subsidiary of Egypt’s largest private sector energy-distribution group TAQA Arabia, has signed a memorandum of understanding (MoU) with the Germany-based MAN Energy Solutions for a pilot project for local production of green gydrogen to fuel domestic tourist buses, it was announced on Sunday.

Green hydrogen is produced using renewable energy and electrolysis.

Over the next six months, TAQA Power and MAN Energy solutions will jointly conduct a feasibility study on using electrolysis for a green hydrogen production plant, the Egyptian company said in a press statement

Samy AbdelKader – TAQA Power’s Managing Director said the company is determined to lead the private sector’s participation in actualising the Sustainable Development Goals (SDG) set by President Abdel-Fattah El-Sisi for Egypt Vision 2030.

“We plan to achieve that by complying with the state’s strategies for energy sustainability, while supporting the Ministry of Environment’s endeavors towards reducing emissions. We aspire to contribute to a Net-zero carbon future,” he said.

Ghassan Saab, Head of MAN Energy Solutions energy business in the region, said: “We look forward to working closely with TAQA Power in finding the optimal solution that will position them strongly in what will be one of the most important markets of the future."

TAQA Power’s subsidiary TAQA Solar owns and operates a 65-megawatt solar photovoltaic power plant, located in Benban area, Aswan with a total investment of $72 million.

In June, Saudi English language daily Arab News had reported Egypt is planning to invest up to $4 billion in a project to generate green hydrogen gas through water electrolysis.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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