Egypt, India ink deal to build green hydrogen factory worth $8 billion

ReNew Power Private Limited will build the factory in the Suez Canal Economic Zone

By Reuters

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Photo: Reuters
Photo: Reuters

Published: Wed 27 Jul 2022, 8:58 PM

Egypt has signed a memorandum of understanding (MoU) with an Indian company to build a green hydrogen factory in the Suez Canal Economic Zone, a cabinet statement said on Wednesday.

According to the MoU, Indian ReNew Power Private Limited will build a factory to produce 20,000 tonnes of green hydrogen a year, with investments worth $8 billion.


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