Alexandria Fertilizers Company (AlexFert), a subsidiary of Valmore Holding, has signed a 30-year power purchase agreement with SolarizEgypt to supply its Alexandria manufacturing plant with 1 megawatt of solar power. Under the deal, AlexFert gets clean, competitively priced electricity with no upfront capital outlay, while SolarizEgypt finances, builds, owns and operates the plant for the full three decades.
SolarizEgypt already runs solar projects at El Gouna, the El Montazah desalination plant and several Coca-Cola facilities in Egypt. The new plant is expected to supply AlexFert with about 1.58 gigawatt-hours of clean power a year, cutting its grid electricity use by roughly 4.2% and avoiding about 718 metric tons of CO2 emissions annually — some 21,528 tons over the agreement’s lifetime.
AlexFert chairman Alaa El Banna called the deal a practical step toward more sustainable operations, while Valmore Holding CEO Jon Rokk said it reflects the group’s push to make its portfolio companies more efficient and resilient. The move follows AlexFert’s recent memorandum of understanding with United Energy Group to explore a green ammonia project powered by renewable hydrogen. Established in 2003, AlexFert produces anhydrous ammonia, granular urea and ammonium sulphate from a 110,000-square-metre facility in Alexandria.
Source: egyptoil-gas.com
