Akdeniz to install solar panels at Kumbet plant

Athens, Greece – June 13, 2022 -- Grecian Magnesite S.A. (“GM”), has announced today that its Turkish subsidiary, Akdeniz Mineral Kaynaklari A.Ş. (AMK), has, signed an agreement for the installation of a roof type solar energy system at its Kumbet plant, with the aim of ensuring savings on energy cost and contributing to the broader corporate objectives of reducing Greenhouse Gases (GHG) emissions.

The 1.280 Tier-1 High Productive panels will cover an area of 4.000 square meters and will generate 845.000kWh/year of clean electricity, covering 48% of the plant’s annual needs.

The commissioning and inauguration of the 330K€ grid-tied roof type PV power plant is scheduled for Q4 2022, and will include the construction, installation and grid integration which will be carried out by local contractors/workforce.

This investment is part of the energy efficiency strategy for the reduction of GHG (Greenhouse Gases) emissions already introduced by Grecian Magnesite within its production facilities, with initiatives such as, the purchase of energy from certified renewable sources, the installation of smart energy meters & sensors, the installation of active/passive harmonic filters, etc.