{"id":554123,"date":"2021-12-21T03:59:18","date_gmt":"2021-12-21T03:59:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/al-nowais-eyes-desalination-green-hydrogen-investments\/"},"modified":"2021-12-21T03:59:18","modified_gmt":"2021-12-21T03:59:18","slug":"al-nowais-eyes-desalination-green-hydrogen-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/al-nowais-eyes-desalination-green-hydrogen-investments\/","title":{"rendered":"Al Nowais eyes desalination + green hydrogen investments"},"content":{"rendered":"

<\/a> UAE\u2019s Al Nowais is looking to invest in desalination and green hydrogen projects <\/strong>in Egypt<\/strong>, Chairman Hussain Al Nowais tells Bloomberg Asharq<\/a>. Al Nowais did not provide details on the capacity of the projects, the expected investment values, or the anticipated timeline for these ventures.<\/p>\n

Where do things stand at present? <\/strong>The firm is waiting on the Egyptian government to launch tenders for desalination plants and has \u201csignaled its interest\u201d in investing in these projects, Al Nowais said. On the green hydrogen front, Nowais is putting together a consortium with Japanese, Italian, and German firms to invest in green ammonia production, which can be used as a carbon-neutral fuel for aircraft.<\/p>\n

Desalination + a green hydrogen debut are both big on Egypt\u2019s agenda<\/strong>, especially ahead of next year\u2019s COP27 summit<\/a> in Sharm El Sheikh, with the government seeking private sector funding for a host of new green projects. The Sovereign Fund of Egypt is looking to build and run 17 new desalination plants<\/a> at an aggregate cost of about USD 2.5 bn, as part of its larger plans to tackle water security<\/a>. Our very first green hydrogen plant<\/a> in Ain Sokhna is also set for construction next year, with plans to showcase it at the summit.<\/p>\n

The company is a new anchor investor in Egypt\u2019s renewables industry:<\/strong> Al Nowais is currently constructing a 500 MW solar plant in Kom Ombo and a 500 MW wind project<\/a> in Ras Ghareb, with plans to complete the two projects within 2-3 years at a cost of USD 1 bn.<\/p>\n

But the solar project has run into problems:<\/strong> This comes a couple of months after the company asked to delay the solar plant project<\/a>, extending its fundraising period to June 2022, as a result of inflationary pressures. Earlier reports claimed that the firm could even sell<\/a> the plant. The company had also planned to build a USD 4 bn \u201cclean coal\u201d power station in Oyoun Moussa, but the project was scrapped<\/a> due to its high cost, our electricity surplus, and the government\u2019s shift towards renewables.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE\u2019s Al Nowais is looking to invest in desalination and green hydrogen projects in Egypt, Chairman Hussain Al Nowais tells Bloomberg Asharq. Al Nowais did not provide details on the capacity of the projects, the expected investment values, or the anticipated timeline for these ventures. Where do things stand at present? The firm is waiting […]<\/p>\n","protected":false},"author":1,"featured_media":554124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[903,72,254,7111,125,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-al-nowais","tag-enterpriseam","tag-green-hydrogen","tag-infrastructure","tag-investment-watch","tag-water","wpautop","entry"],"acf":{"mongo_id":"1e42eaa4-72ef-4df4-9fe9-3aca1390a681","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/434.jpg","photo_position":"above","related_issue":[554115],"teaser":"","voice_url":""},"yoast_head":"\nAl Nowais eyes desalination + green hydrogen investments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/al-nowais-eyes-desalination-green-hydrogen-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Nowais eyes desalination + green hydrogen investments\" \/>\n<meta property=\"og:description\" content=\"UAE\u2019s Al Nowais is looking to invest in desalination and green hydrogen projects in Egypt, Chairman Hussain Al Nowais tells Bloomberg Asharq. Al Nowais did not provide details on the capacity of the projects, the expected investment values, or the anticipated timeline for these ventures. Where do things stand at present? 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The four-stick biscuit packs come in vanilla and chocolate flavors. The launch comes as part of Edita\u2019s efforts\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554198,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/23\/govt-to-begin-signing-off-on-usd-3-bn-of-water-desalination-bids-in-1h2022\/","url_meta":{"origin":554123,"position":2},"title":"Gov\u2019t to begin signing off on USD 3 bn of water desalination bids in 1H2022","author":"enterpriseam admin","date":"23 December 2021","format":false,"excerpt":"Gov\u2019t to rule on USD 3 bn-worth of desalination bids in 1H2022: Al Nowais, ACWAPower, Mitsubishi, Schneider Electric, Shanghai SafBon Water Service, and the Hassan Allam Holding \/ Orascom Construction consortium should hear back from the government on their bids, worth a combined USD 3 bn, to build desalination plants\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/468.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577126,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/make-that-28-gw\/","url_meta":{"origin":554123,"position":3},"title":"Make that 28 GW\u2026","author":"enterpriseam admin","date":"10 November 2022","format":false,"excerpt":"Another wind farm courtesy of OC: Orascom Construction\u2019s (OC) consortium with Engie and Toyota Tsusho has signed up to build a fresh 3-GW wind farm here, just days after breaking ground on their 500 MW wind project in Ras Ghareb, the EGX- and Nasdaq Dubai-listed contractor said in a statement\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/168.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600505,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/al-nowais-eetc-to-sign-power-plant-agreement-in-1q2019\/","url_meta":{"origin":554123,"position":4},"title":"Al Nowais, EETC to sign power plant agreement in 1Q2019","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Al Nowais, EETC to sign coal power plant agreement in 1Q2019: Al Nowais will sign a contract with the Egyptian Electricity Transmission Company (EETC) for the proposed USD 4 bn Oyoun Moussa coal-fired power plant in 1Q2019, Chairman Hussain Al Nowais told Zawya. 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Al Nowais hopes to reach an agreement\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=554123"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554123\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/554115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554124"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554123"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554123"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}