Addis Ababa, 24th Feb 2016 -The Egyptian Company for Solid Waste Recycling(ECARU), a subsidiary of Qalaa Holdings’ Tawazon, proudly announced signing of a US$ 50 million, five-year contract with Ethiopia’s Messebo Cement to supply 100,000tons of biomassannually which will be used as a source of energy to replace coal gradually.As stipulated by the agreement between the two companies, ECARU will be the technology and service provider responsible for collecting, transporting and processing local Biomass that will be converted to environmentally-friendly alternative solid fuel.
“Biomass is a renewable, carbon neutral energy source that comes from agricultural residues that would otherwise be openly burned. This waste to energy solution for heavy industries such as cement manufacturing, is beneficial on multiple fronts. It helps nations solve their Biomass challenges, it reduces emissions that come from burning fossil fuels such as fuel oil, natural gas and coal, and it is a more cost-efficient and sustainable source of energy,” said Dr.HishamSherif, CEO of ENTAG/ECARU.
“Today we are exceptionally proud to be able to transfer our knowledge and years of experience to the countries of sub-Saharan Africa where Biomass as a source of renewable energy has been largely untapped,” he adds.
ECARU has been supplying alternative Solid fuel, Biomass, as a source of energy to Egypt’s leading cement companies for the past five years.
The contract with Messebo Cement, which is located in Mekelle, 780 km from Addis Ababa with a production capacity of 2 million tons of cement per annum, is renewable beyond the stipulated five-year time period under the same terms and conditions.
Tawazon, Qalaa Holdings’ subsidiary company for investment in the regional solid waste management industry, controls two companies: the Egyptian Company for Solid Waste Recycling (ECARU), a solid waste management service provider, and Engineering Tasks Group (ENTAG), a solid waste management technology provider. Together, these two companies form a leading waste management enterprise with extensive operations in Egypt and an international project book in Oman, Malaysia, Sudan, Nigeria, Libya, Saudi Arabia, Qatar and Syria.
Qalaa Holdings has invested in Tawazon as part of its energy portfolio which also includes TAQA Arabia, Egypt’s largest private sector energy distribution company and the Egyptian Refining Company (ERC), a US$ 3.7 billion refinery, Egypt’s largest in-progress, private sector mega project.
****Ends****
Do you have any breaking news or story that you would like us to publish, send us an email to info@guide2uganda.ug or brian@guide2uganda.ug . You can also Check us out for Flights to Uganda, Accommodation, Restaurants, News, Business Directory, Classifieds, Events, Nightlife, Blogs, Jobs, Living, Real Estate among many more.
