Titan Cement Egypt to build USD 8 mn, 8 MW solar power station in Beni Suef

Titan Cement Egypt is planning to invest USD 8 mn to construct an 8 MW solar power station next to its cement plant in Beni Suef, unidentified sources tell Al Borsa. The company plans to connect the station to the national grid and sell surplus energy to neighboring factories. Four solar power companies have presented offers to construct the plant and Titan is currently in “advanced talks” with KarmSolar, which offered to sell the energy produced directly to consumers at a lower feed-in tariff.