India and Egypt sign MoU to set up a green hydrogen plant with USD 8 billion investment

A memorandum of understanding (MoU) has been signed between India and Egypt to build a green hydrogen plant in the Suez Canal Economic Zone with a USD 8 billion investment and a capacity of 220,000 tonnes annually.

The MoU specifies that Renew Power Private Limited, an Indian origin company will be responsible for establishing a plant to create green hydrogen. The plant will have a capacity of 20,000 tonnes annually that can be increased to 220,000 tonnes annually, at one location in the Suez Canal Economic Zone utilising renewable energy sources. The project’s implementation will be unfolded in stages. During the trial phase, 20,000 tonnes of green hydrogen will be produced annually using a 150 MW electrolysis device that also generates 100,000 tonnes of green ammonia annually using 570 MW of renewable energy. The project will be further expanded in the following phase (Phase 1) to produce 200,000 tonnes green hydrogen per year using a 1.5 GW electrolysis device with 5.68 GW of renewable energy to produce one million tonnes per year of green ammonia, bringing the project’s total capacity to 220,000 tonnes of green hydrogen per year.