IRSC: Pioneering Clean Energy for Arabian Cement
Deal News | Mar 17, 2025 | Zawya
IRSC, a leading developer of renewable energy solutions, has entered into a 30-year Power Purchase Agreement with Arabian Cement Company (ACC) to provide clean energy. The agreement involves IRSC overseeing the development, finance, construction, and operation of the second phase of ACC's solar power plant. This deal is viewed as a strategic partnership aimed at promoting sustainability while helping ACC reduce its carbon footprint and energy costs. Under this agreement, ACC will receive reliable electricity from renewable sources without any upfront capital investment. The initiative will have a total capacity of 17.6 MWp and will generate approximately 32.5 GWh of clean energy per year, enhancing ACC's environmental performance and energy independence. Chairman of IRSC, Andrew Daniel, and ACC CEO, Sergio Alcántarilla, both emphasized the mutual commitment to sustainability as a key driver for this partnership.
Sectors
- Renewable Energy
- Construction Materials
Geography
- Egypt – The agreement between IRSC and Arabian Cement Company is significant within the Egyptian context, indicating a local collaboration focused on sustainability and renewable energy improvements.
Industry
- Renewable Energy – The article discusses a Power Purchase Agreement for renewable energy solutions, involving the development and operation of a solar power plant.
- Construction Materials – Arabian Cement Company is a prominent player in the construction materials sector, as the article focuses on its efforts to integrate renewable energy into its production processes.
Financials
- 32.5 GWh annually – The amount of clean energy projected to be generated by the solar power plant under the agreement.
- 17.6 MWp – The total capacity of the solar power plant being developed for ACC.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IRSC (Integrated Renewable & Sustainable Communities) | Renewable Energy Developer | Company | A leading developer of renewable energy solutions, involved in EPC and IPP services for utilities and industrial clients. |
| Arabian Cement Company (ACC) | Client/Partner | Company | A prominent cement producer in Egypt engaging with IRSC for renewable energy integration. |
| Andrew Daniel | Chairman of IRSC | Person | Senior executive at IRSC, commenting on the strategic partnership with ACC. |
| Sergio Alcántarilla | CEO of Arabian Cement Company | Person | Executive leader at ACC, highlighting the importance of the renewable energy partnership. |