Egyptalum, Scatec sign 1 GW solar power station agreement

CAIRO - 21 February 2024: Aluminium Company of Egypt - Egyptalum, affiliated to the holding company of metallurgical industries, has signed an agreement with the Norwegian company Scatec to establish a 1 GW solar power station to generate electricity for the industrial complex in Nagaa Hammadi.

 

According to the agreement, the station will be built in two phases, with a capacity of 500 MW for each phase.

 

The first phase is expected to be completed within 18 months from the date of signing, and the second phase within 24 months, according to a press statement.

 

The solar station is planned to be located near the aluminum factory in Nagaa Hammadi. Scatec, a comprehensive developer of energy and green fuel projects, will be responsible for project development, financing, equipment installation, and study procedures.

 

Currently, Egyptalum operates at the maximum production capacity for its factories, according to the Minister of Public Business Sector, Mahmoud Esmat.

 

It's worth mentioning that Egyptalum has been producing molten aluminum at its factory in Nagaa Hammadi since 1975, with a production capacity of 320,000 tons per year. 

 

The production includes various forms of castings, rolled products, aluminum sections, and carbon anode blocks, as well as the production of various spare parts for the company and others.