India’s Sterlite Power plan $6Bn green hydrogen projects in Egypt

Sterlite Power, an India-based company specializing in energy transmission and cable manufacturing, is aiming to develop an electricity grid for green hydrogen projects in Egypt, with planned investments totaling between $5 and $6 billion, according to Minister of Investment and Foreign Trade Hassan El-Khatib.

During a meeting with Tushar Chhabra, Head of Business Acquisition at Sterlite Power, El-Khatib emphasized that the project would strengthen Egypt’s energy infrastructure and support the country’s shift toward clean energy.

The minister highlighted that Egypt enjoys high capabilities in clean energy production, making it a regional energy hub amid increasing global demands for sustainable energy sources.

He added that cooperation with Indian companies in the renewable energy sector opens new investment horizons, creates job opportunities, and drives sustainable development.

For his part, Chhabra affirmed the company’s plans to invest in long-term strategic projects that support Egypt’s transformation into a major renewable energy hub. This project will leverage Sterlite Power’s latest technologies to enhance efficiency and sustainability in Egypt, according to Chhabra.

Egypt plans to become a green hydrogen hub

Egypt aims to become a major exporter of green hydrogen and its derivatives, such as green ammonia, to Europe and other global markets. Its strategic location near international shipping routes and the Suez Canal provides a logistical advantage for export.

The Egyptian government is developing a comprehensive strategy to attract investments in green hydrogen and ammonia production. This includes creating a favorable regulatory framework, offering incentives, and identifying suitable locations for green hydrogen projects, such as the Suez Canal Economic Zone.

Several pilot projects and feasibility studies are underway to assess the technical and economic viability of green hydrogen production in Egypt. These projects are being supported by international organizations and development banks.