TAQA Power, a subsidiary of TAQA Arabia, has signed a memorandum of understanding (MoU) with the Germany-based MAN Energy Solutions, regarding a pilot project for producing green hydrogen locally to fuel tourist buses in Egypt.
The two companies will collaborate on conducting a feasibility study on employing electrolysis for a hydrogen production project over the next six months, according to a recent statement.
The project comes in light of a growing international interest in alternative fuel with Egypt aiming to generate and use hydrogen through renewable energy, instead of fossil fuels.
Samy Abdel Kader, TAQA Power’s Managing Director, said “TAQA Power 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 endeavours towards reducing emissions. We aspire to contribute to a net-zero carbon future.”
Ghassan Saab, Head of MAN Energy Solutions energy business in the region, said: “This is an exciting venture with a valuable partner, in a country that has recognised what an incredibly important role green hydrogen will play on the path to a climate-neutral, global economy. It is also a great opportunity for MAN Energy Solutions to display its expertise in all processing steps of the hydrogen economy.”
It is noteworthy to mention that TAQA Power is part of one of the largest renewable energy projects in the region, which is the solar power plant in Benban, deploying 65 megawatts (MW) with total investments of $72 million.
