Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed—at the conclusion of his official visit to China—the signing of a memorandum of understanding (MoU) between Egyptian company Kemet and China’s TBEA. The agreement covers cooperation in renewable energy, the transfer and localisation of manufacturing technologies for grid-connection systems used in the national electricity network, and the establishment of Egypt’s first inverter manufacturing plant. The MoU was signed by Ahmed El-Abd, Chairperson of Kemet, and Zheng Yan, Vice President of TBEA and General Manager of its International Business Sector. Esmat reaffirmed that the electricity and renewable energy sector is operating under an integrated framework for technology transfer and industrial localisation, in partnership with the private sector. He stressed that the state provides full support to encourage private sector participation through effective partnerships, maximise value from raw materials via downstream manufacturing, and expand the implementation of low-carbon renewable energy projects.

Source: Daily News Egypt January 18, 2026 19:47 UTC