Cairo – Mubasher: Arabian Cement Company has signed a 30-year power purchase agreement with IRSC for renewable energy solutions to supply clean electricity generated from renewable sources.
The deal covers the development, financing, construction, ownership, and operation of the second phase of the EGX-listed firm’s solar power plant, according to a press release.
With a total capacity of 17.6 MWp, this solar plant is projected to have an annual production capacity of approximately 32.5 GWh, reducing the company's environmental impact and enhancing energy independence.
Under the terms of the deal, IRSC will manage all project-related responsibilities, including financing, installation, and ongoing operation and maintenance, guaranteeing enhanced performance throughout the contract period.
Andrew Daniel, Chairman of IRSC, said: “This long-term collaboration reflects our shared commitment to sustainability and clean energy adoption. IRSC is dedicated to delivering reliable, renewable solutions that not only help reduce operational costs but significantly contribute toward Egypt’s transition to a greener future.”
Sergio Alcántarilla, CEO of Arabian Cement, mentioned: “By adopting renewable energy through this strategic partnership, we are further reinforcing our position as an environmentally responsible company, enhancing our competitiveness through predictable and sustainable energy costs.”
