𝐈𝐑𝐒𝐂 𝐟𝐨𝐫 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 has signed a landmark 𝟑𝟎-𝐲𝐞𝐚𝐫 𝐏𝐨𝐰𝐞𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭, 𝐏𝐏𝐀 with Arabian Cement Company, 𝐀𝐂𝐂, one of Egypt’s top cement producers and industrial leaders.
The agreement includes the development, financing, construction, ownership, and operation of the second phase of 𝐀𝐂𝐂’𝐬 solar power plant, supplying clean and reliable electricity. With a total capacity of 𝟏𝟕.𝟔 𝐌𝐖𝐩, the plant is expected to generate 𝟑𝟐.𝟓 𝐆𝐖𝐡 annually, significantly reducing 𝐀𝐂𝐂’𝐬 carbon footprint and enhancing energy independence.
The agreement was signed by our 𝐂𝐡𝐚𝐢𝐫𝐦𝐚𝐧 𝐄𝐧𝐠. 𝐀𝐧𝐝𝐫𝐞𝐰 𝐃𝐚𝐧𝐢𝐞𝐥, and 𝐂𝐄𝐎 𝐨𝐟 𝐀𝐂𝐂 𝐌𝐫. 𝐒𝐞𝐫𝐠𝐢𝐨 𝐀𝐥𝐜𝐚𝐧𝐭𝐚𝐫𝐢𝐥𝐥𝐚, in the presence of key representatives from both sides.
From our side, attendees included, 𝐕𝐏-𝐄𝐧𝐞𝐫𝐠𝐲, 𝐄𝐧𝐠. 𝐌𝐨𝐡𝐚𝐦𝐞𝐝 𝐌. 𝐄𝐥-𝐇𝐚𝐝𝐝𝐚𝐝, 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐫, 𝐄𝐧𝐠. 𝐆𝐞𝐨𝐫𝐠𝐞 𝐅𝐚𝐤𝐡𝐫𝐲 and our 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐫, 𝐌𝐫. 𝐆𝐞𝐫𝐠𝐞𝐬 𝐒𝐞𝐝𝐤𝐲.
Attendees from 𝐀𝐂𝐂’𝐬 side included 𝐂𝐡𝐢𝐞𝐟 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐎𝐟𝐟𝐢𝐜𝐞𝐫 𝐄𝐧𝐠. 𝐌𝐚𝐠𝐞𝐝 𝐌𝐨𝐮𝐬𝐭𝐚𝐟𝐚, 𝐄𝐧𝐞𝐫𝐠𝐲 & 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐄𝐧𝐠. 𝐇𝐚𝐳𝐞𝐦 𝐊𝐡𝐚𝐭𝐞𝐫 and 𝐂𝐡𝐢𝐞𝐟 𝐋𝐞𝐠𝐚𝐥 𝐎𝐟𝐟𝐢𝐜𝐞𝐫 𝐌𝐫. 𝐀𝐡𝐦𝐞𝐝 𝐆𝐚𝐛𝐞𝐫.
This partnership reinforces 𝐀𝐂𝐂’𝐬 commitment to sustainability and positions 𝐈𝐑𝐒𝐂 at the forefront of Egypt’s clean energy transition.
