Arab Finance: Oriental Weavers has contracted with the Integrated Renewable & Sustainable Communities (IRSC), a sustainable infrastructure developer, to install a 2.5-megawatt (MW) solar power plant at one of the former’s factories in the 10th of Ramadan City, with total investments of $1.5 million, as per an emailed press release.

The new plant will reducing carbon emissions by 4,000 tons annually.

This solar power project is an integral part of Oriental Weavers’ sustainability strategy, aligned with Egypt Vision 2030.

“This project not only highlights the tremendous potential of renewable energy solutions in large-scale industrial applications but also reinforces Egypt's ongoing transition towards a greener and more sustainable future,” Chairman of IRSC Andrew Daniel commented.

It is worth noting that Oriental Weavers managed to reduce its carbon footprint by 35,000 tons of carbon dioxide over the past 4 years by investing in energy efficiency projects, supporting the UN’s Sustainable Development Goals (SDGs).

Libya’s Harouge awards Petrojet contract to implement crude oil pipeline Updated 9/11/2024 11:27:00 AM

ANOPC, EPROM ink trial operations contract for diesel production complex in Assiut Updated 8/28/2024 11:41:00 AM

Oriental Weavers wins 3 awards at International Business Magazine Awards 2024 Updated 8/27/2024 12:39:00 PM

Maridive Offshore Projects secures $14.4M contract for cable installation in Egypt Updated 8/15/2024 9:53:00 AM

Oriental Weavers' consolidated profit surges 78.2% YoY in H1 Updated 8/14/2024 9:18:00 AM