Mazghouny & Co has advised the South-African subsidiary of German renewable energy specialist juwi AG, on the agreement signed with Sukari Gold Mine to design, supply, build and integrate a solar battery hybrid power plant for Egypt’s largest gold mine, which is owned and operated by Centamin plc in partnership with the Egyptian Government.
The 36 MW bi-facial solar plant and 7.5 MW battery-energy storage system is expected to be operational in the second quarter of 2022, after which time juwi will undertake the plant’s operation and maintenance.
In addition to reducing costs and increasing reliability of the power system for Sukari, the plant is expected to reduce the mine’s diesel consumption by an estimated 22 million litres-e per year and lower carbon emissions by an estimated 60,000 tCO2-e per year.
Mazghouny & Co team regularly advises on on-grid and off-grid renewable energy projects both utility-scale and of small and medium size, including the EPC and O&M of the projects, licensing requirements and exemptions for developers and contractors. The team also advises on the financing of projects and on M&As in the renewable energy sector.