{"id":577070,"date":"2022-11-08T04:00:09","date_gmt":"2022-11-08T04:00:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/"},"modified":"2022-11-08T04:00:09","modified_gmt":"2022-11-08T04:00:09","slug":"arabian-cement-to-expand-suez-factory-solar-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/","title":{"rendered":"Arabian Cement to expand Suez factory solar plant"},"content":{"rendered":"<p><strong>Arabian Cement signs new PPA for solar plant: <\/strong>Arabian Cement signed a purchase power agreement with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60548492-02b9-4618-bc39-692a8ef2b0e3\">Amarenco SolarizEgypt<\/a> for the 13.2 MW second phase of its solar plant at the its Suez facility, it said in <a href=\"https:\/\/ent.news\/2022\/11\/ACC-SolarizEgypt-new-amended-agreement-PRL_En.docx.pdf\">a statement (pdf)<\/a> Sunday. The second phase of the project will bring the solar plant\u2019s total capacity to 20.6 MW, at an investment cost of between EGP 170-190 mn, SolarizEgypt managing director Yaseen Abdelghaffar told <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/73809ece-7cd1-4f60-bf4d-f98530f2ac78\">Enterprise Climate<\/a>. The project should be completed and commissioned by September 2023.<\/p>\n<p><strong>Brokerages now have less power to act on behalf of their clients:<\/strong> The Financial Regulatory Authority (FRA) has abolished a rule that allows brokerage firms and other custodians to open trading accounts on the bourse and close out contracts using the power of attorney, <a href=\"http:\/\/bit.ly\/3zQISVk\">Youm7<\/a> reported, citing a document it has seen from the regulator on the decree. The move aims to bolster the protection of traders\u2019 accounts dealing with securities firms.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Authorities have released <strong>172k tons of poultry feed<\/strong> worth USD 77 mn from ports in the past five days in efforts to address shortages caused by import restrictions. (<a href=\"https:\/\/bit.ly\/3Wvhztr\">Agriculture Ministry statement<\/a>)<\/li>\n<li><strong>Banque Misr <\/strong>extended an <strong>EGP 750 mm long-term loan <\/strong>to <strong>Mountain View <\/strong>to finance the construction of its Mountain View Parkway project. (<a href=\"https:\/\/ent.news\/2022\/11\/Bank-Misr-Mountain-View-AR-PRL.pdf\">Company statement, pdf<\/a>)<\/li>\n<li>Logistics and import\/export firm <strong><a href=\"https:\/\/thinkbig-gih.com\/\">Think Big Shipping and Logistics<\/a><\/strong> will start operations in <strong>1Q 2023<\/strong>. (<a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/think-big-to-commence-operations-in-egypt-next-year-mhc0tbdy\">Zawya<\/a>)<\/li>\n<li><strong>Zemex dual-fuel microbuses<\/strong> manufactured by the <strong>Egyptian British <\/strong><strong>Automobile Manufacturing Co<\/strong> have been pulled from the government\u2019s vehicle swap scheme after the company was unable to fulfill deliveries due government import restrictions. (<a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/07\/1595433\">Al Borsa<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Arabian Cement signs new PPA for solar plant: Arabian Cement signed a purchase power agreement with Amarenco SolarizEgypt for the 13.2 MW second phase of its solar plant at the its Suez facility, it said in a statement (pdf) Sunday. The second phase of the project will bring the solar plant\u2019s total capacity to 20.6 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,6366,1236,576,7106,72,145,154,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577070","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-amarenco-solarizegypt","tag-arabian-cement","tag-banque-misr","tag-debt","tag-enterpriseam","tag-logistics","tag-mountain-view","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"c8016720-4ab3-41b1-8b90-1bdcb3157003","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[577052],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Arabian Cement to expand Suez factory solar plant - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arabian Cement to expand Suez factory solar plant\" \/>\n<meta property=\"og:description\" content=\"Arabian Cement signs new PPA for solar plant: Arabian Cement signed a purchase power agreement with Amarenco SolarizEgypt for the 13.2 MW second phase of its solar plant at the its Suez facility, it said in a statement (pdf) Sunday. The second phase of the project will bring the solar plant\u2019s total capacity to 20.6 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-08T04:00:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Arabian Cement to expand Suez factory solar plant\",\"datePublished\":\"2022-11-08T04:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/\"},\"wordCount\":276,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"Amarenco SolarizEgypt\",\"Arabian Cement\",\"Banque Misr\",\"debt\",\"EnterpriseAM\",\"logistics\",\"Mountain View\",\"renewables\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/\",\"name\":\"Arabian Cement to expand Suez factory solar plant - 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The solar power installation will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590284,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/solarizegypt-to-invest-up-to-usd-50-mn-in-africa-solar-projects-this-year\/","url_meta":{"origin":577070,"position":2},"title":"SolarizEgypt to invest up to USD 50 mn in Africa solar projects this year","author":"enterpriseam admin","date":"17 July 2023","format":false,"excerpt":"The company is also planning to USD 100 mn at home over the next three years","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/633.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576872,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/oc-breaks-ground-on-ras-ghareb-wind-farm-suez-cement-adds-more-solar-to-its-energy-mix\/","url_meta":{"origin":577070,"position":3},"title":"OC breaks ground on Ras Ghareb wind farm + Suez Cement adds more solar to its energy mix","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"We have two stories this morning from Egypt\u2019s renewable energy sector after the Orascom-Engie-Toyota Tsusho consortium broke ground on its 500-MW wind farm in Ras Ghareb, while Suez Cement announced an agreement to install a solar facility at its Suez plant.CONSTRUCTION ON RAS GHAREB WIND FARM UNDER WAY-Orascom Construction, Toyota\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592743,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/solarizegypt-to-build-solar-power-plants-for-port-said-industrial-complex\/","url_meta":{"origin":577070,"position":4},"title":"SolarizEgypt to build solar power plants for Port Said industrial complex","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"SolarizEgyptis set to equip an industrial complex in Port Said with solar power plants to generate energy for 22 of the 58 facilities in the complex, Al Mal reports. The plants will generate a combined total of 569 MW of clean energy, and will receive an undisclosed amount of financing\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553749,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/rooftop-solar-panels-why-theyre-good-and-how-much-they-cost\/","url_meta":{"origin":577070,"position":5},"title":"Rooftop solar panels: why they\u2019re good and how much they cost.","author":"enterpriseam admin","date":"2 July 2021","format":false,"excerpt":"Solar energy use in homes is a sure way to reduce a family\u2019s monthly utility bill, while also helping curb carbon emissions. It can even raise the value of properties, with research looking at properties in the US finding that homebuyers are willing to pay extra for a solar-powered home.\u2026","rel":"","context":"In &quot;SOLAR PANELS&quot;","block_context":{"text":"SOLAR PANELS","link":"https:\/\/enterpriseam.com\/egypt\/category\/solar-panels\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/15.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577070"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577070\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577052"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577070"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577070"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}