ECOsys, a subsidiary of Information Technology Group (ITG) Holding, has won the tender to install 1.1 megawatt of solar power to operate the Zahrani Oil Installations (ZOI).
The solar farm, which will include 3,600 solar panels, will be established on an area of 10,000 square meters. The value of the contract is around $1.4 million excluding Value Added Tax, funded by the oil installations. ZOI expects the cost to break even within three to seven years.
ECOsys signed the contract for the design, supply, and implementation of the photovoltaic cells connected to the electricity grid in the ZOI, with all associated necessary works. George Geha, Chairman of ECOsys, said: "Construction is expected to take one year and another year will be dedicated to supervision and control."
The ZOI is currently powered by Electricité du Liban (EDL) and private generators. It requires 1.3 million KWh (3.6 MW) of power annually. The project may be expanded to more than 3 MW in the future, especially since the total available space at the ZOI is around 97,000 m2.
businessnews.com.lb
7 August
