Scatec and Fortescue are kicking the tires on 12.2 GW worth of projects in Egypt: Egypt’s President Abdel Fattah El Sisi discussed potential 12.2 GW of clean energy projects with Norwegian renewable energy provider Scatec and Australian green energy provider Fortescue Future Industries (FFI), according to two statements (here and here). Scatec is looking at a 3 GW wind power project, while FFI is eyeing the production of 9.2 GW of renewable energy.

MEANWHILE- Bechtel-led coalition to study unified power system of Egypt’s Idku Energy Hub: Shell Egypt, the Egyptian Natural Gas Holding Company and Malaysia’s state oil company Petronas commissioned US engineering company Bechtel to study merging the power systems of a gas field and LNG export terminal in Egypt’s northern Idku, which if implemented, would reduce the plant’s emissions, according to a statement by Bechtel. The study, which will be conducted by Bechtel, Enppi and Petrojet, and financed by our friends at HSBC, is expected to be completed within the year.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• General Motors’ Cadillac is looking to launch its first electric vehicle in Saudi Arabia in 1H 2023, a company representative told Arab News.
• Bahrain’s Oil Ministry signed an MoU with the Bahrain Institute of Banking and Finance (BIBF) to cooperate on promoting sustainable development and achieving climate security, according to a BIBF statement.
• Morocco is set to double the number of electric vehicles (EVs) it produces to 100k per annum within 2-3 years, Morocco's Industry and Trade Minister told MENA-focused news outlet Asharq Business.