ACC announces new solar project for Egyptian plant

Arabian Cement Co (ACC), in collaboration with Solarize Egypt, has announced a new solar energy project at its Suez plant. The EGP90m (US$5.02m) plans will be financed through the Qatar National Bank, while the European Bank for Reconstruction and Development will provide a grant and technical support.

According to Sergio Alcantarilla, CEO of ACC, the project will enter operation in the 2Q19. The plant will be the only one in the country to use solar energy as part of its energy mix.

"Our new project will provide us with four per cent of our energy needs over the next 25 years. We are honoured to be investing here since 20 years ago," said Mr Alcantarilla.