IRSC signs Power Purchase Agreement with Arabian Cement Company to provide clean energy
IRSC for renewable energy solutions, a leading developer of renewable energy and sustainable infrastructure, proudly announces that it has signed a landmark 30-year Power Purchase Agreement (PPA) with Arabian Cement Company (ACC), one of Egypt's prominent cement producers. Under this strategic partnership, IRSC will supply ACC with clean, reliable electricity generated from renewable sources.
The agreement includes the development, financing, construction, ownership, and operation of the second phase of ACC's solar power plant. The solar power system will enable ACC to access cost-effective, reliable, and sustainable electricity without upfront capital investment. Under the terms of the PPA, IRSC will manage all project-related responsibilities, including financing, installation, and ongoing operation and maintenance, guaranteeing optimized performance throughout the contract period. This project underscores ACC's commitment to sustainability and the reduction of its carbon footprint in alignment with global environmental standards.
Commenting on this landmark agreement, Andrew Daniel, Chairman of IRSC, said: 'We are honored to partner with Arabian Cement Company, one of Egypt's most respected industrial leaders. 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.'
Mr. Sergio Alcántarilla, CEO of Arabian Cement Company, highlighted the importance of this partnership: 'Our collaboration with IRSC marks a significant step towards achieving our sustainability objectives. 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. This agreement represents a key milestone in ACC's ongoing commitment towards environmental stewardship and energy efficiency.'
With a total capacity of 17.6 MWp, this solar plant is projected to generate approximately 32.5 GWh annually, significantly reducing ACC's environmental impact and enhancing energy independence.
About IRSC
IRSC (Integrated Renewable & Sustainable Communities) is a leading renewable energy developer specializing in EPC and IPP solutions since 2011. IRSC offers comprehensive renewable energy solutions, including solar, hybrid systems, and microgrids, serving utilities, commercial and industrial clients, and governmental entities. IRSC's solutions deliver long-term sustainability, reliability, and cost-efficiency.
About Arabian Cement Company (ACC)
Arabian Cement Company (ACC) is a leading cement producer in Egypt. Located in Suez Governorate, ACC's factory produces five million tons of high-quality cement annually, accounting for approximately 8% of Egypt's total cement production. Over the years, ACC has earned several certifications, including ISO 9001 for quality assurance, ISO 14001 for environmental compliance, OHSAS 18001 for health and safety standards, and ISO 50001 for energy management.
In 2023, the company obtained the EPD certification for clinker, CEM I, and CEM II. Additionally, in 2024, ACC was awarded the CSC Bronze certificate from the Concrete Sustainability Council. Listed on the Egyptian Exchange (EGX) since May 2014, the company remains committed to quality, sustainability, and innovation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
29-05-2025
- Al Etihad
Mubadala, TAQA complete transaction for purchase of power plant in Uzbekistan
29 May 2025 12:39 ABU DHABI (WAM) Mubadala, the Abu Dhabi sovereign investor, and Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, have completed the acquisition of a gas-fired power generation plant at the Talimarjan Power Complex in and TAQA each hold a 40 per cent stake in the 875 MW TPP1 combined-cycle gas-fired plant through a newly established project company, Talimarjan Power Plant 1 LLC. Both TAQA and Mubadala also hold a 40% stake in the Talimarjan Operations & Maintenance LLC (O&M), which was established to operate the JSC 'Talimarjan Issiqlik Elektr Stansiyasi' (TIES) holds the remaining 20 per cent stakes in both the project company and the O&M transaction supports investments into the privatisation of Uzbekistan's power sector. It follows a strategic partnership between the Governments of Uzbekistan and the United Arab Emirates whereby Mubadala and TAQA will bring their global power sector expertise to the local power market in 875 MW TPP1 plant has a Power Purchase Agreement (PPA) with JSC 'Uzenergosotish' (UES) (successor power purchaser to JSC 'National Electric Grid of Uzbekistan') for 25 years and plays a critical part in meeting demand for electricity in Uzbekistan as the country continues to experience rapid population and economic Rahman, Head of Asia Pacific Infrastructure at Mubadala, said, 'Mubadala is committed to supporting countries across the world to meet their energy needs while reducing carbon emissions. Efficient natural gas-fired powered plants such as TPP1 will play an important part in enabling the transition to cleaner sources of is recording a significant growth in demand for power, and Mubadala looks forward to working with TAQA and our local partner TIES to ensure communities and businesses across the country have access to reliable, affordable and secure power supply that supports progress and socioeconomic development.'Frank Possmeier, Chief Investment Officer, Generation at TAQA, said, 'TAQA is pleased to collaborate with Mubadala and TIES in acquiring this vital asset that plays a crucial role in Uzbekistan's journey towards a privatised energy sector. As a low carbon power and water champion, TAQA will leverage its extensive experience and expertise to help Uzbekistan meet its growing energy needs while continuing to invest in this critical stake in TPP1 demonstrates progress in delivering on our 2030 targets which aim to grow our power generation capacity to 150 GW and strengthens our operation and maintenance capabilities which is also a pivotal element of our strategy. We are committed to enhancing efficiency and ensuring TPP1 runs as a world-class power plant as part of our expanding portfolio as we continue to provide power to the communities we serve.'The acquisition of the TPP1 project brings direct foreign investment into Uzbekistan's thriving energy sector and will also support local development of social infrastructure and knowledge sharing initiatives aimed at capacity building and sustainable community development. TAQA's Generation business is targeting 150 GW of gross power generation by 2030, with around 100 GW of that capacity coming from renewable power sources through its leading stake in Masdar's renewable energy operations.
Zawya
20-05-2025
- Zawya
Kuwait issues RFQ for 500MW renewable power plant
The Kuwait Authority for Partnership Projects (KAPP), in collaboration with the Ministry of Electricity & Water & Renewable Energy of the State of Kuwait (MEWRE), has invited bids from leading developer/ developer consortia for a major renewable power plant within the Al Dibdibah Power and Al Shagaya Renewable Energy Phase III – Zone 2 Solar PV IPP project. The winning consortium will be responsible for the development, financing, design, procurement, engineering, construction, testing, commissioning, operation and maintenance of the 500MW plant as well as transfer of the key Al Dibdibah Power and Al Shagaya Renewable Energy project, said KAPP in a statement. The renewable power project lies within the administrative boundary of the Jahra Governorate in the west of Kuwait City, approximately 100 km from the capital city, it stated. KAPP said the project will export the output from the plant to Kuwait's electricity grid and transmission network. It will benefit from power purchase agreement (PPA) with MEWRE as the offtaker for a 30-year term. As the main body responsible for implementation of the public-private-partnership projects, KAPP aims to utilise private sector skills and expertise to maximise value for money and service quality. The deadline for submitting the bids has been set at July 24, it added. For the project, Ernst & Young (EY) acted as the lead and financial advisor for KAPP and MEWRE, while DLA Piper was the legal advisor and DNV the technical and environmental advisor. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
07-05-2025
- Zawya
Dubai-based developer Omniyat appoints contractors for Marasi Bay residential luxury projects
Dubai-based developer Omniyat has awarded the main construction contract for its VELA and VELA Viento luxury residential projects in Marasi Bay to Arabian Construction Company (ACC). Main works on both projects are now in full swing, with site mobilisation and early construction milestones completed, the developer said in a statement. VELA will be handed over in the second quarter of 2027, followed by VELA Viento in the third quarter of the same year. Core structural work is advancing steadily at VELA, nearly 50 percent of the raft reinforcement complete, while MEP and façade contractors are mobilised on-site, the statement said. The contract and project values weren't disclosed. The projects have been designed in collaboration with UK-based architectural firm Foster + Partners and the Parisian design duo Gilles & Boissier. (Writing by P Deol; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
