Arabian Cement Company (ACC) has signed an amendment to its 2019 contract with Amarenco SolarizEgypt (ASE) to establish a Solar Photovoltaic (PV) plant at its Suez facility. The amendment to the agreement aligns with updated regulations recently issued by “EgyptERA” the Egyptian Electric Utility and Consumer Protection Regulatory Agency to encourage and support projects that use solar energy with the selfconsumption system as Egypt prepares to host the United Nations Climate Change Conference (COP27) in Sharm El Sheikh in November.
The adjusted contract between ACC and ASE complies with the updated regulations limiting the total solar capacity contracted under the self-consumption system that is owned by any licensed authority or one of the distribution companies’ customers, and that is connected to the distribution networks to 30 MW with a maximum of 25 MW per one project.