Egypt discusses renewable power and waste management with India and Greece PLUS: UAE, US explore renewables cooperation opportunities

Egypt and India discuss potential renewables partnership: Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker sat down yesterday with Indian Ambassador Ajit Gupte and a delegation from Indian multinational Larsen & Toubro (L&T) to explore potential cooperation in Egypt’s renewable energy sector as part of the country’s target to have a 42% share of renewable energy by 2035, according to a statement.

And waste management cooperation with Greece is in play: Egypt’s Environment Minister Yasmine Fouad met with a delegation from the Egypt-Greece Shareholder Alliance yesterday to discuss the environmental impact of maritime waste in the Suez Canal as part of a joint maritime waste management program, according to a statement. The program will provide potential investment worth up to nearly USD 150 mn for the country’s Suez Canal Authority once operational.

REMEMBER- Egypt and Greece’s V Group are already working on waste treatment: Egypt’s Suez Canal Economic Zone (SCZone) and Greek waste management company Antipollution — a subsidiary of marine services company V Group — agreed to form a joint stock company named Antipollution Egypt to establish of a waste treatment plant in Egypt’s SCZone in March. The waste treatment facility will process fluid and soluble waste collected from vessels transiting through the Suez Canal to be repurposed as part of Egypt’s efforts to boost its blue economy.

ACROSS THE POND- UAE, US explore cooperation in clean energy: The UAE’s Minister of State for Foreign Trade Thani Al Zeyoudi met with US Commerce Secretary Gina Raimondo and Assistant Secretary of Commerce Arun Venkatarman yesterday on the sidelines of the SelectUSA Investment Summit in Maryland to discuss potential partnerships in clean energy, food and water security, and tech, Wam reports.

REFRESHER- The UAE and the US agreed they would earmark USD 20 bn to fund 15 GW of new clean energy projects in the US by 2035 back in January, marking the first wave of investments under the USD 100 bn partnership to accelerate transition to clean energy (PACE) announced by the two countries last November.