en.Wedoany.com Reported - Titan Cement Egypt (Titan Egypt) has signed a 25-year Power Purchase Agreement (PPA) with solar energy company SolarizEgypt to build an 11.45MW solar power plant at its subsidiary, Beni Suef Cement Co.
Under the agreement, SolarizEgypt will be responsible for the development, financing, construction, ownership, operation, and maintenance of the solar facility, supplying renewable energy to the cement plant. Titan Cement Egypt will not need to make direct capital investments.
The solar facility is expected to meet a significant portion of Beni Suef Cement Co.'s electricity needs, supporting Titan Cement Egypt's efforts to improve energy efficiency and reduce its operational carbon footprint.
Amr Reda, CEO of Titan Cement Egypt, stated that the project is part of the company's strategy to accelerate the adoption of clean energy, reduce carbon emissions, and enhance the competitiveness of its industrial operations.
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