On March 8, 2023 local time, Lv Zexiang, Secretary of the Party Committee and Chairman of Energy China International Group, met with Egyptian Prime Minister Mustafa Madbouly at the Prime Minister's Office. The two sides will take the opportunity of the first China-Arab States summit in 2022 to deepen investment and construction cooperation in the field of energy infrastructure, promote the in-depth docking of the Belt and Road Initiative with Egypt's 2030 Vision, and facilitate Egypt's green, low-carbon and sustainable development.

Prime Minister Mustafa Madbouli welcomed the delegation of Lu Zexiang and expressed appreciation for the comprehensive strength of CEEC. He emphasized that Egypt has obvious geographical advantages and is currently vigorously attracting foreign investment to promote the construction of energy and power, seawater desalination, sewage treatment, green hydrogen, and power grids. The establishment of the Egyptian Free Trade Zone and the signing of a number of trade agreements have created convenient international trade conditions for investors. We look forward to further strengthening cooperation with China and attracting more Chinese investment. Energy China's business development direction is highly consistent with Egypt's national development plan. Energy China is welcome to further strengthen cooperation in infrastructure construction in Egypt and participate in investment in the Egyptian market. The Egyptian government will provide more incentives for project implementation by simplifying procedures and speeding up the approval process. and guarantee, accelerate the implementation of the project, and improve the level of bilateral economic and trade cooperation between China and Egypt.

meeting site

Lu Zexiang thanked Prime Minister Mustafa Madbouli and the Egyptian government for their support. He said that as the world's leading company in the field of energy, power and infrastructure, Energy China adheres to green and low-carbon development, and provides global customers with planning and design, investment and financing, construction contracting, operation and maintenance and other whole industry chain services, ranking among ENR's global engineering design No. 2 company.

Since entering the Egyptian market in 2009, Energy China has signed contracts to implement more than 10 projects, and under the witness of Mr. Prime Minister, as the only Chinese-funded enterprise, signed a memorandum of understanding on the cooperation and development of green hydrogen projects with the Egyptian government. Energy China will conscientiously implement the important consensus reached by the heads of state of China and Egypt, focus on the integrated development of new energy, new infrastructure, and new industries, deeply connect with Egypt's 2030 vision, give full play to the advantages of the entire industrial chain and the integration of investment, construction and operation, and comprehensively strengthen project performance , widely participate in the investment and construction of Egypt's green energy, green building, seawater desalination, sewage treatment, power grid planning and other fields, and contribute to the development of Egypt's economy and the improvement of people's livelihood.

It is understood that Energy China will start the construction of a green hydrogen project worth US$5.1 billion in Egypt in May 2024. In November 2022, Energy China International Group signed a memorandum of understanding (MoU) with Egypt to establish a green hydrogen production project in Egypt, with the possibility of exporting to European countries in the form of green ammonia. The country brings more hard currency.

Since 2009, China Energy Construction has implemented about 10 energy projects in Egypt, and is currently implementing projects such as the 330-kilometer power interconnection line between Egypt and Saudi Arabia.

On December 7, 2022, Egyptian time, under the witness of Egyptian Prime Minister Mustafa Madbouli, China Energy Construction International Group, the Egyptian New Energy Authority, the Suez Canal Economic Zone Authority, the Sovereign Fund, and Power Transmission The company signed a memorandum of cooperation and development of green hydrogen projects, becoming the only Chinese-funded enterprise that has signed a cooperation development agreement with the Egyptian government among internationally renowned investment developers.

The signing of this project is the first time that Energy China's hydrogen energy business has gone overseas, and it is also another large-scale project of Energy China in the field of hydrogen energy.Editor/Ma Xue