India and Egypt sign MoU to set up a green hydrogen plant with investments of $8 billion
India and Egypt have signed an MoU to set up a green hydrogen plant with investments of $8 billion and a capacity of 220,000 tonnes annually in the Suez Canal Economic Zone.
Egyptian Prime Minister Dr. Mostafa Madbouli was present on the occasion.
The MoUs was signed by a number of government agencies as the first party: New & Renewable Energy Authority, General Authority of the Suez Canal Economic Zone, the Egyptian Electricity Transmission Company, and Egypt’s Sovereign Fund; and Renew Power Private Ltd., one of the leading companies in the renewable energy industry in India, as the second party.
