Sterlite Power, an India-based energy company, has unveiled plans for a $6 billion green hydrogen electricity grid in Egypt, aimed at strengthening the country’s energy infrastructure and supporting its clean energy goals.
The proposed project, with an estimated investment between $5 billion and $6 billion (€5.5 billion), focuses on enhancing Egypt’s energy transmission system to better integrate green hydrogen projects and facilitate the nation’s clean energy transition.
The proposal was discussed during a meeting between Sterlite Power executives and Egypt’s Minister of Investment, Hassan El Khatib, who visited India. El Khatib highlighted that the project reflects the growing confidence of global investors in Egypt’s market.
Tushar Chhabra, Head of Business Acquisition at Sterlite Power, expressed the company’s commitment to long-term, strategic investments that will position Egypt as a key renewable energy hub. He also pointed out the significant opportunities for further investment in Egypt’s renewable sector, especially with the government’s focus on green hydrogen.
While Egypt has signed multiple agreements to develop green hydrogen and its derivatives in recent years, many of these projects are still in early development stages.