“Ingaz” invests in a new biogas plant, increasing profitability

Ingaz for Renewable Energy generates electricity from Biogas

Ingaz signed an agreement with the Holding Company for Water and Wastewater (HCWW) in Kafr El-Sheikh, to build and operate a biogas plant named Sakha-2 for electricity generation from Biogas.

Ingaz is a subsidiary from EMPOWER Co. which was founded for the purpose of designing alternative energy solutions via the utilization of the abundant waste streams available in Egypt.

The company signed an agreement with the HCWW in Kafr El-Sheikh Governorate; in accordance with the bylaws of this agreement, Ingaz will build a biogas plant named Sakha-2 which will be located nearby Sakha-1. Sakha-2 will have 1000 kWel in approximate of installed capacity. The power generation process results in the production of 2 by-products; solid and liquid fertilizers, which the company started selling in the local market and is planning to export a significant portion of these fertilizers to European markets.

The GEFF team evaluated the technical and financial parameters of the project and confirmed the associated results, in terms of electricity generation and fertilizers production. In addition to assessing the economic viability of the project, the GEFF team also provided an assessment of the potential environmental benefits associated with the investment.

The US$3,221,191 investment is expected to save the equivalent of 5,958 MWh/year per year from conventional electricity. This resulted in increased profitability and competitiveness for the company, since this is the second power plant that Ingaz builds and operates for HCWW.

The reduction of greenhouse gases associated with this investment is estimated at 48,965 tCO2eq of CO2 emissions avoided per year, a valuable contribution to mitigating the negative impacts of climate change.

The Green Economy Financing Facility (GEFF), was developed by the European Bank for Reconstruction and Development (EBRD) and is financially supported by the EU, EIB and AFD.