The New Valley Mineral Resources and Oil Company (Wadico), an Egyptian mining firm, has signed a 15‑year agreement with the China-based global energy company Huawei to expand solar energy use across its mining sites.
The deal was signed by Reda Selim, Chairman and Managing Director of Wadico, and Tony Bu, CEO of Huawei Egypt’s Digital Power Business, on the sidelines of the Egypt Mining Forum (EMF) held in the New Capital on 28–29 September.
Under the agreement, Huawei will develop a 3.2‑megawatt (MW) solar power station with battery storage to ensure round‑the‑clock supply for Wadico’s operations. The $3.5 million project, to be developed at Al‑Shagab and East Sebaiya, is expected to cut carbon emissions by about 3,700 tons annually. Wadico currently operates seven mining sites and aims to gradually convert them to run on solar energy.
Selim told Egypt Oil and Gas (EOG) that Huawei’s integrated system will store daytime solar output for use at night, enabling continuous mining operations while reducing reliance on conventional power sources
“This is the first cooperation with Huawei, and the two sides are also working on potential projects at additional sites using the same technology,” he added.
Tony Bu, CEO of Huawei Egypt’s Digital Power Business, told Egypt Oil & Gas (EOG) that Huawei’s solar and power solutions can help mining companies optimize operating expenditure (OPEX), enhance energy reliability, and reduce environmental impact by integrating solar generation with advanced energy storage systems.
Bu highlighted growing interest in the mining sector, renewable energy and digital power technologies, particularly solutions that can address the requirements of mining operations and provide reliable power in remote locations with limited access to the electricity grid.
“Mining is a 24/7 industry, so solar power alone cannot address the full energy requirement because generation naturally stops at night. This is where energy storage becomes critical. By storing the electricity generated during the day and deploying it when needed, battery energy storage systems can help maintain continuity of operations while reducing reliance on diesel generators,” Bu explained.
Bu concluded by emphasizing that Egypt remains a strategic market for Huawei’s Digital Power business, with the company committed to expanding its partnerships and projects across the country and leveraging digital power technologies to help businesses improve energy efficiency, reduce reliance on conventional power sources, and minimize their environmental impact.
The current project is part of Wadico’s wider plan to integrate renewables into its mining activities. Selim noted that additional solar stations are expected at sites including Wadi Al‑Bator and Al‑Shagab.
Wadico recorded revenues of EGP 2.8 billion in 2025, with net profits surpassing EGP 1 billion, compared with EGP 340 million in 2023 — a 195% increase over two years.
The post Huawei Sign Solar Energy Agreement to Power Wadico’s Mining Operations first appeared on Egypt Oil & Gas.
