TAQA Arabia, one of Egypt’s largest energy distribution companies and part of Qalaa Holdings, is partnering with Germany-based MAN Energy Solutions for studies related to the production of green hydrogen in Egypt.
TAQA Power, an affiliate of TAQA Arabia, has signed on Sunday a memorandum of understanding with MAN Energy Solutions for a pilot project related to the local production of green hydrogen to fuel domestic tourist buses in Egypt.
The MoU will see MAN Energy’s collaboration with TAQA Power to conduct a feasibility study on employing electrolysis for a hydrogen production project over the course of the coming six months, the two companies said in a joint statement.
The prospective production of green hydrogen in Egypt comes in light of the growing international interest in adopting alternative fuels in an attempt to neutralise the environmental impact and slow down climate change.
The collaboration aims to empower Egypt to generate and use hydrogen through renewable energy instead of fossil fuels.
Authorities in Egypt are exerting efforts to establish an integrated strategy for the production of green hydrogen in the country.
“TAQA Power is determined to lead the private sector’s participation in actualising the Sustainable Development Goals (SDG) set by President Abdel Fattah al-Sisi for Egypt Vision 2030.” Samy AbdelKader, TAQA Power’s managing director, said.
“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.”
Ghassan Saab, head of MAN Energy Solutions’s 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.”
