Egypt’s Suez Cement said invested LE44.5 million (US$6.22 million) to build a waste treatment facility in Kattameya Plant, according to Managing Director of the company Bruno Carré.
Carré said that the company signed a memorandum of understanding with Egypt's minister of investment Ashraf Salman to build a win power station with 320 MW capacity, through its Italcementi Group's subsidiary Italgen.
The memorandum includes innovative projects for the use of alternative energy and fuels derived from waste in the cement group's Suez Cement factories, he explained.
The company expects cost of the first stage of the wind power station is worth $200 million, and the civil works will be finished in the next few months, while the turbine installation will start by the second quarter of 2015.
