Saturday 30/Aug/2025 – 12:35 PM
Dr. Mustafa Madbouly, Prime Minister, met today; Zhang Chen, president of TBEA company specialized in energy engineering and electrical equipment manufacturing, on the sidelines of his participation on behalf of President Abdel Fattah El -Sisi, President of the Republic, at the Shanghai Cooperation Organization Summit hosted by the Chinese city of Tianjin, in the presence of Ambassador Khaled Nazmi, Egypt’s ambassador to the People’s Republic of China.
The Prime Minister meets the head of the Chinese company TBEA specialized in energy engineering and manufacturing electrical equipment
At the beginning of the meeting, Dr. Mustafa Madbouly expressed his pride in the comprehensive strategic partnership relations between Egypt and China, as well as mutual support between the two countries in various issues, including economic cooperation and joint investments, pointing to the importance of working to increase the volume of Chinese investments, through the major Chinese companies that we cherish the existing relations of cooperation with them such as TBEA.
At the same time, the Prime Minister indicated that the Egyptian state is a priority for new and renewable energy projects in particular, as well as localizing the industries for new energy components, especially solar energy and wind, also expressing the Egyptian government’s interest in enhancing the level of coordination and cooperation with TBEA and benefiting from the experiences and capabilities it possesses, within the framework of the Egyptian state’s vision to increase the renewed energy contribution to the energy mix by 42% by 2030.
Dr. Mustafa Madbouly also expressed his appreciation for the size of the development in the relationship between the two sides, and the success of the projects implemented from the company on Egyptian soil, such as the Benban Solar Energy Station Project, as well as the supply of energy transformers to the Egyptian side in a number of energy projects in both Al -Owainat and Damietta.
The Prime Minister also stressed that the government has a willingness to purchase energy from the company by at least 2000 megawatts, according to the state’s strategy in localizing the new and renewable energy components industry, adding that the proposal will be comprehensive; It includes production, transportation and storage, confirming that the company gives all the incentives and possible advantages to implement this proposal, while working to provide various possible support in this regard.
During the meeting, Zhang Chen, President of TBEA, reviewed the company’s expertise in the field of renewable energy, which reach more than $ 4 billion, explaining that the company has mining projects; Either inside or outside China, as the company has investments in 19 countries around the world, including the Middle East.
Zhang Chen also pointed out that the company’s investments and projects in Egypt amount to more than 300 million dollars, noting the possibility of cooperation in the field of solar energy and energy storage batteries, as well as maintenance work for them, and the company is also looking to participate and cooperate with the energy sector in Egypt.
The president of the company expressed his aspiration to visit the Prime Minister and his accompanying delegation, the company’s headquarters in the city of Tianjin, to see the size of the company’s business, and to get acquainted with the work mechanisms within the company.
At the end of the meeting, the Prime Minister submitted a proposal that the company establishes its factory in the industrial developer area of Teda Company in the economic zone of the Suez Canal, especially the many advantages that this region enjoys, and the incentives and facilities it provides to the government to the economic zone in the stimulus and facilities; In an effort to pump more foreign investments in various fields.
