Industrial Localization

Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, witnessed the signing of a memorandum of understanding between Egyptian firm Kemet and China's TBEA at the end of his official visit to China. The deal covers renewable energy cooperation, technology transfer and localization for grid-connection systems, and the setup of Egypt's first inverter manufacturing plant. It supports the government's push to expand clean energy and localize electrical equipment production.