Karm Solar, the fastest growing solar technology company in Egypt, announced that it has signed the largest ever private power purchase agreement (PPA) signed in Egypt with Dakahlia Group’s subsidiaries, Dakahlia South Valley Poultry and Dakahlia Wadi El Natroun Agriculture.
This project aimed at providing 75% of Dakahlia Group’s energy needs over 30 years through two solar stations in Minya and Wadi Natroun, both of which will be built with total investments worth $23m and will generate 23.5 MW of electricity, making it the largest PPA in Egypt.
In the same context, CEO and Co-Founder of Karm solar Ahmed Zahran, said the land area of the two stations in Minya and Wadi Natroun will add approximately 85 feddans (360,000 square metres).
Khaled Al Anani, CEO of Dakahlia Agricultural Development Co. and vice chairperson of Dakhalia Group, said, “we export citrus and other products to over 40 countries around the world.”
This project will be implemented by Karm Power, the subsidiary of Karm Solar, responsible for the engineering, procurement, and construction (EPC) of solar projects, including turnkey and power purchase agreement solutions.
The portfolio of Karm Power includes big names, such as Juhayna, Fridal, EFG Hermes, Taziry Eco Lodge (Siwa), and Oasis and Red Sea Diver’s Lodge (Marsa Alam).