Indian firms express 'huge interest' in investing in Egypt clean energy & infrastructure projects

According to a statement by the Egyptian Presidential Spokesman Bassam Rady, Sumant Sinha, the founder, chairman and CEO of ReNew Power, India’s leading renewable energy company, voiced in a meeting with President El-Sisi during his three-day visit to New Delhi his company’s "huge interest" to cooperate with Egypt in the area of clean energy and the production of green hydrogen.

Sinha also praised the “leading” Egyptian role in international climate action as demonstrated in the hosting of the 27th UN Climate Change Conference (COP27) in the Red Sea city of Sharm El-Sheikh in November.

El-Sisi confirmed to Stinha Egypt’s interest in collaborating with the Indian side, given its broad expertise in the field of new and renewable energy, 

The Egyptian government is providing unprecedented support to the green energy sector as a top priority, said the president, in order to capitalise on the country’s renewable energy resources including wind and sun.

The ReNew Power chairman said "Egypt’s richness in renewable sources of energy of wind and sun qualifies it to become one of the world’s largest producers of renewable energy, boosting promising investment opportunities in this field."