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Egypt, India ink deal to build green hydrogen factory worth $8 billion

ReNew Power Private Limited will certainly construct the manufacturing facility in the Suez Canal Economic Area

Egypt has actually authorized a memorandum of understanding (MoU) with an Indian business to construct an environment-friendly hydrogen manufacturing facility in the Suez Canal Economic Area, a cupboard declaration stated on Wednesday.

According to the MoU, Indian ReNew Power Private Limited will certainly construct a manufacturing facility to generate 20,000 tonnes of environment-friendly hydrogen a year, with financial investments worth $8 billion.

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