Prime Minister Witnesses Signing of Two Decarbonization Agreements in Egypt

Source: www.gulfoilandgas.com 6/15/2022, Location: Africa

At the government headquarters in the New Administrative Capital, Prime Minister Mostafa Madbouly witnessed the signing ceremony of two cooperation agreements between the Egyptian Electricity Holding Company and General Electric for Gas Energy (EEHC), listed on the New York Stock Exchange with the symbol (GE), in the presence of Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy.

The first memorandum of understanding was signed by Eng. Gaber El-Desouky, President of the Egyptian Electricity Holding Company, and Mr. Joseph Anis, President and CEO of General Electric for Europe, Middle East and Africa.

Meanwhile, the second agreement was signed by Eng. El-Desouky, Mr. Joseph Anis, President and CEO of General Electric for Europe, the Middle East and Africa, and Mr. Mohamed Youssef El-Dahshoury, CEO of Hassan Allam Construction, and Mr. Ahmed Ramadan, CEO of PGESCO for Power Generation Engineering and Services.

The signing of the two agreements comes with the aim of supporting efforts to decarbonize the energy sector in Egypt, within the framework of Egypt's preparation to host the COP27.

Dr. Mostafa Madbouly said: We are fully aware that the contributions of foreign investments and the local and global private sector will be an influential force in enhancing efforts made in the climate change file, especially as we are working to build a more sustainable future, expressing his welcome to the signing of the two agreements to support efforts to decarbonize the energy sector in Egypt.


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