BALEXCO, CleanMax, Kanoo Energy in deal for 2.46 MWp Solar PV project

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain Aluminium Extrusion Company BSCC (BALEXCO) signed a signed Letter of Intent (LOI) on Thursday with CleanMax Middle East and Kanoo Industrial & Energy JV, a venture of CleanMax Enviro Energy Solutions, for developing a 2.46 MWp solar PV project in Bahrain.

The project will enable carbon reduction of 1773 MT Co2 annually. BALEXCO Chairman Jassim Mohamed Seyadi signed the deal with CleanMax Middle East CEO Sushant Arora, and Kanoo Industrial & Energy JV President (Industrial and Energy) Ali Abdulla Kanoo in the presence of Ministry of Electricity & Water, Renewable Energy representatives Abduljabbar Abdulkarim, Renewable Energy Advisor/Acting Director General, Ali Radhi, Renewable Energy Engineer and Khalid Sowayed, Acting Director Renewable Energy & Research Directorate.

The LOI will enable work to begin on the structural analysis and design stage of the solar project.

The expected life of the Solar Power Purchase Agreement (PPA) project will be thirty years and project completion will take ten months after which the roof of BALEXCO will start generating green electricity.

BALEXCO said it plans to source around 30% of its total electricity needs from renewables.

This will help in reducing the carbon footprint and contribute to the Kingdom’s target to reduce emissions by 30% through decarbonisation by 2035.

Seyadi said that although BALEXCO’s operations are not carbon intensive, it has still taken the onus to greening as much of its operations as is possible via renewable energy.