GAFI CEO explores renewable energy collaboration with 24 Japanese firms
Updated 9/26/2024 11:06:00 AM
Arab Finance: The CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba met with a delegation of representatives from 24 Japanese companies to probe ways of enhancing cooperation in the field of renewable energy technology, as per a statement.
Heiba highlighted the Egyptian government’s commitment to adding new renewable energy capacities of up to 30 gigawatts.
Several companies are already investing and establishing facilities to support this goal, he added.
The government aims not only to boost energy production but also to localize technology for manufacturing turbines, panels, and other essential components for solar and wind power generation, Heiba highlighted.
In addition, he noted that the infrastructure is being developed to export surplus energy to neighboring countries.
Meanwhile, Executive Vice President of the Japan External Trade Organization (JETRO) Nobutaka Maekawa said that Japan's business community is eager to accelerate investment in Egypt's burgeoning renewable energy sector.
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