Agencies-Gaza post
Egypt, UK to collaborate in renewable energy
Egypt and the UK have signed a declaration of intent to cooperate in reforming renewable energy regulations.
The signing took place in London during a meeting between Egyptian Foreign Minister Sameh Shoukry and Liz Truss, British Secretary of State for Foreign, Commonwealth and Development Affairs.
The UK said it “commended Egypt’s leadership and efforts in renewable energy generation and the opportunities for UK investors and companies in the energy sector”.
In addition to the energy cooperation plans, there was news of a joint investment of $ 325 million for the launch of the Lekela wind farm, located in northern Egypt, which boasts a capacity of 252 megawatts and is expected to increase wind production. of the country by 18%.
Ministers also explored opportunities for economic cooperation between the two countries and agreed on the need to work to increase bilateral trade and investment.
The meeting also witnessed the finalization of British Investment International’s $ 100 million acquisition of Egypt Alfa Medical Group.
