Bamburi Cement PLC has signed a Power Purchase Agreement (PPA) with an Independent Power Producer, MOMNAI Energy Limited, to set up two Solar Plants adjacent to the company’s Mombasa Plant and Nairobi Grinding Plant.
The listed company says the project which aims to save on power costs by switching to renewable energy.
In a statement, Bamburi said it will deploy solar power systems with a total capacity of 14.5MW and 5MW for Bamburi’s Mombasa Plant and Nairobi Grinding Plant respectively. This will account for up to approximately 40% of Bamburi’s total power supply.
Construction of the solar power plants is scheduled to begin at the end of 2022, after requisite regulatory approvals with expected completion within a year.
MOMNAI Energy will be responsible for financing all costs related to the project, including developing, managing, operating and maintaining the solar photovoltaic plants’ infrastructure.
Bamburi’s Mombasa and Nairobi sites have land available to set up and generate solar energy, which is expected to achieve significant recurrent savings annually, while simultaneously improving reliability of supply and improving Bamburi’s environmental footprint.
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