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Reading: $41.5bn of investments expected in hydrogen projects in Egypt through 2030
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Dailynewsegypt > Blog > Business > $41.5bn of investments expected in hydrogen projects in Egypt through 2030
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$41.5bn of investments expected in hydrogen projects in Egypt through 2030

Daily News Egypt
Last updated: 2022/05/17 at 11:22 AM
By Daily News Egypt 3 Min Read
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Egypt’s expected investments in green hydrogen projects until 2030 amount to about $41.5bn, and the expected investment volume after this period and thereafter is planned to increase to $81.6bn, according to an official source.

The state’s share is scheduled to range from 20 to 25% of the volume of investment in the first phase, represented by the contribution of Egypt’s Sovereign Fund, the Egyptian Electricity Transmission Company, and a potential contribution from the Suez Canal Economic Zone.

The investments for the first phase of the projects that Scatec — a leading renewable power producer — aims to implement are about $5.2bn, and the state’s percentage of these investments range between $260m and $330m, with the company seeking to bring its investments to implement hydrogen projects to $15.6bn.

Maersk also intends to implement the first phase of hydrogen projects in Egypt until 2030, with investments amounting to $4.7bn. The state’s contribution to the projects ranges between $240m and $290m, with the company seeking to increase its investments to $14bn after completing the first phase.

Furthermore, Total intends to implement a hydrogen project in Egypt until 2030 with investments exceeding $5bn, and the state’s contribution ranges between $250m and $310m.

The French company EDF also seeks to implement hydrogen projects in Egypt until 2030, with investments amounting to $1bn and the state’s contribution ranging between $500m and $600m. In the coming stages, the company will expand its investments to $3bn.

Amia Power — a subsidiary of the UAE’s Al-Nowais Group — plans to implement hydrogen projects with investments of $800m until 2030, and investments are scheduled to rise to $1.9bn after 2035.

Additionally, UAE company Masdar intends to implement hydrogen projects with investments amounting to $11.3bn until 2030, and the state’s contribution to said projects ranges between $570m and $710m, with the company’s investments expected to rise to $12.5bn after 2030.

Belgian company Demi also intends to implement hydrogen projects in Egypt with investments amounting to $3.6bn until 2030, and the state’s share ratio is expected to range between $180m and $230m.

Furthermore, Fortisky Future is seeking to implement hydrogen projects with investments of up to $10bn until 2030, and the state’s contribution to the projects ranges between $500m and $630m.

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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Business
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Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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