The Egyptian government plays an important role in the production of green hydrogen in cooperation with the private sector, Harmgart said during a roundtable chaired by Prime Minister Moustafa Madbouli in New Alamein City earlier Wednesday.

She spoke highly of Egypt’s promising capabilities that qualify it to achieve leadership in the production of green hydrogen, citing solar and wind energy, as well as renewable energy sources.

Harmgart was also pleased with an ambitious plan of the Egyptian government meant to increase productivity from renewable energy to 60 percent by 2040.

Egypt’s location on the global map – close to European markets – and its pivotal Suez Canal are additional assets, the EBRD official noted.

The EBRD supports Egypt in its efforts to transform to renewable energy and production of green hydrogen, Harmgart stressed.