Suez Cement to power Egyptian site with 20-MW solar plant
- Intro Power and also Utilities will construct a 20-MW solar plant to power a cement production site of Suez Cement Group of Companies in northeast Egypt.
The Egypt-based cement maker, part of Germany's Heidelbergcement AG (ETR: HEI), has actually authorized a power purchase agreement (PPA) with Intro Power to offtake the power from the solar park till 2043.
The deal is worth EGP 350 million (USD 14.4 m/EUR 14.5 m). Intro Power will certainly finance the project and will be in charge of the development, procedure and also maintenance of the solar terminal's infrastructure.
The facility will certainly be built on the site of the cement manufacturer's plant in Suez and also will supply regarding 45 GWh of clean power annually to the plant, covering some 20% of its power consumption. This will certainly conserve over 22,000 tonnes of carbon dioxide emissions annually.
The building of the plant is readied to start in 2023 with the start of operation expected in the very first half of the very same year. The grid connection is expected in the 2nd half of 2023.
With making use of solar energy, Suez Cement intends to cuts its electricity expenses and lower carbon emissions. In 2030, the company aims to have decreased its net carbon dioxide emissions by 47% to 400 kg/t as compared to 1990.
"Through transitioning to renewable solar energy, we are checking out lasting economic benefits, laying the structure for a low-carbon company and power safety without endangering the health of our environment," claimed Suez Cement Group's handling supervisor Mohamed Hegazy.
