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Egypt: India reveals plans for cooperative project on renewable energy in Egypt

Published at: Feb 20, 2011
source: Hindustantimes

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Both states signed a Memorandum of Understanding, thus expressing their convergence in developing the solar and wind energy sectors in Egypt.

On a visit to Egypt, the minister of New and Renewable Energy Farooq Abdullah said,
"We feel we should help each other, this is an energy that is good for all and it is free from good and it does not have the damaging effect to the environment as the fossil fuel has. And the price of fossil fuels is going up and the demand for energy is increasing."
The planned activities include investment in local manufacturing of needed equipment, exchange of information, cooperative research and development, as well as training programs.
"The further aim is to encourage the Indian private sector to participate in Egypt's program of achieving 20% of its energy from renewable energy sources by the year 2020," said Indian Ambassador in Egypt R. Swaminathan.

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