Titan Egypt has announced the signing of a long-term Power Purchase Agreement (PPA) with SolarizEgypt to develop and construct an 11.45 MW solar power plant for Beni Suef Cement Company, a subsidiary of Titan Egypt. This step reflects both companies’ commitment to supporting sustainability and increasing reliance on clean energy sources.
Under the 25-year agreement, SolarizEgypt will be responsible for the development, financing, construction, ownership, operation, and maintenance of the plant. This will provide Beni Suef Cement Company with a stable supply of renewable electricity through the PPA model, enabling the utilisation of clean energy without requiring direct capital investment.
The plant is expected to meet a significant portion of Beni Suef Cement Company’s electricity needs. This supports Titan Egypt’s efforts to improve energy efficiency, reduce carbon emissions, and minimise the environmental footprint of its industrial operations, in line with the company’s sustainability strategy and commitment to promoting renewable energy sources.
Amr Reda, CEO of Titan Egypt, commented: “This agreement represents a new milestone in Titan Egypt’s journey towards building a more sustainable and efficient industry. We continue to invest in innovative solutions that contribute to reducing carbon emissions and accelerating the adoption of clean energy sources, supporting our long-term goals and enhancing the competitiveness of our industrial operations. This partnership also reflects our commitment to adopting sustainable solutions that create economic and environmental value for all stakeholders.”
Mohamed El-Fouly, Chief Commercial Officer at SolarizEgypt, said: “This agreement serves as a successful model of cooperation between the industrial and clean energy sectors, delivering sustainable economic and environmental value while supporting Egypt’s efforts towards a more sustainable future.”
