The discussions focused on Scatec’s expansion strategy in the Egyptian market, aiming to bolster renewable energy projects and sustainable infrastructure solutions.
Minister El-Khatib reviewed ongoing solar energy collaborations
between the Egyptian state and Scatec. He emphasized the company’s pivotal role
in supporting Egypt’s goal to significantly increase the share of renewable
energy in the national electricity mix by 2030.
"The government prioritizes investments that marry
economic feasibility with environmental sustainability," stated El-Khatib.
"The renewable energy sector is a primary engine for growth in the coming
period, especially given Egypt's natural advantages and the advanced
infrastructure ready to host large-scale green projects."
The Minister reaffirmed the Ministry’s commitment to
supporting global leaders in their expansion efforts. He noted that the state
is actively refining its investment climate and providing stimulating
legislative frameworks to accelerate project implementation and ensure
long-term sustainability.
Key highlights of the meeting included Scatec’s plans to
diversify its portfolio in Egypt, with a focus on: Renewable-Powered Water
Desalination: Leveraging clean energy to address water security; Green Data
Centers: Establishing digital infrastructure powered by sustainable sources to
support Egypt’s digital transformation and reduce carbon footprints.
To facilitate these ambitions, Minister El-Khatib confirmed
that the Ministry is coordinating with relevant authorities to streamline land
allocation and administrative procedures. These steps are designed to transform
investment plans into operational projects that add tangible value to the
national economy.
Ambassador Eric Hosseim expressed Norway’s dedication to
deepening economic ties with Egypt, noting that partnerships with leading
Norwegian firms reflect a shared commitment to clean energy transitions.
Terje Pilskog, CEO of Scatec, added: "Egypt is a strategic market for Scatec in the Middle East and Africa. The clarity of the government’s vision and the wealth of opportunities in green solutions make it an ideal environment for our continued investment."