During the Third Belt and Road International Cooperation Summit Forum, China Southern Power Grid International Company and the Egyptian National Electricity Holding Company officially signed a memorandum of cooperation on the Egyptian pumped hydro energy storage project under the witness of the Egyptian Ambassador to China. This event is of milestone significance and marks a new stage in the development of pumped hydro energy storage projects in Egypt.

According to the memorandum, both parties will promote the development and implementation of the project based on the principles of mutual benefit, win-win results, and common development. This cooperation is not only in line with the spirit of high-quality joint construction of the Belt and Road Initiative, but will also make a positive contribution to Egypt’s energy transformation and green development.

It is worth mentioning that the signing of this cooperation memorandum comes at a time when the global energy transformation is accelerating. As a clean and renewable energy source, pumped hydropower has attracted much attention around the world. The signing of the memorandum of cooperation on Egypt's pumped hydro energy storage project will inject new impetus into the region's energy transformation and sustainable development.

At the same time, this is also an important achievement for China and Egypt to strengthen cooperation in the energy field under the framework of the Belt and Road Initiative. As one of the largest developing countries in the world, China has been actively promoting international cooperation in the field of clean energy and striving to promote the optimization and adjustment of the global energy structure. The signing of this cooperation memorandum will further consolidate the cooperative relationship between China and Egypt in the energy field and lay a solid foundation for future cooperation between the two parties.Editor/GaoLiMei