The Arab Organisation for Industrialisation (AOI) has signed a contract worth EGP76.17 million to supply and install solar power stations for Abu Qir Fertilisers and Chemical Industries Company in Alexandria.
The signing ceremony was attended by AOI Chairman Mohamed Abdel Fattah Abou Bakr, Alexandria Governor Ayman Attia, Kafr El-Sheikh Governor Ibrahim Mekki and Abu Qir Fertilisers Chairman Hany Dahy.
Under the agreement, the AOI will implement the second phase of the project, which will have a total capacity of around three megawatts. The project is expected to be completed within 12 months.
The work will be carried out by the Arab Renewable Energy Company, an AOI affiliate, in accordance with international quality standards.
Abou Bakr said the agreement supports efforts to expand local manufacturing and transfer renewable energy technologies. It also forms part of Egypt’s plans to increase the share of renewables in the energy mix, reduce dependence on fossil fuels and cut carbon emissions.
He added that the AOI aims to raise the share of renewable energy in the electricity mix to 45 per cent by 2028. The organisation also seeks to attract domestic and foreign investment and enhance the competitiveness of Egyptian solar products in local and international markets.
Separately, Abou Bakr highlighted the AOI’s participation in the 35th Conference on Water Treatment Technology and Energy Efficiency, organised by Abu Qir Fertilisers.
He said the organisation’s factories and companies offer innovative industrial solutions for water treatment and renewable energy projects, contributing to the development of national industry and environmental sustainability.
