Displaying items by tag: Solarize Egypt

Egypt: In a move to reinforce its commitment to environmental sustainability and the transition to renewable energy, Misr Cement Group has signed a groundbreaking partnership with Solarize Egypt to develop a 40MW photovoltaic solar power project, based on an Independent Power Producer (IPP) model.

The project, one of the largest initiatives in Egypt’s industrial sector, will involve a total investment of US$29m. The two solar plants will generate 48 million kWh per year for each of the company’s plants in Minya and Qena governorates. This will reduce dependence on traditional energy sources, decrease the company’s CO2 emissions, and enhance the group’s operational sustainability.

This collaboration highlights the mutual commitment of both parties to support Egypt’s Vision 2030 by adopting clean energy solutions and reducing the environmental impact of heavy industries, in line with the national goal to increase reliance on renewable energy sources and achieve sustainable development.

Egypt: The Arabian Cement Company is to collaborate with the European Bank for Reconstruction and Development (EBRD) and Qatar National Bank (QNB) to build a solar power plant at its Suez cement plant. The banks are providing funding of over US$5m to support the project, according to the Daily News Egypt newspaper. The solar plant will be built in collaboration with Solarize Egypt. It is scheduled to start operation in the second quarter of 2019.