KarmSolar signs USD 23 mn agreement with Dakahlia Group

KarmSolar announced signing a USD 23 mn agreement to build solar stations for Dakahlia Group subsidiaries Dakahlia South Valley Poultry and Dakahlia Wadi El Natroun Agriculture. The agreement will provide the companies with 23.5 MW of energy, equivalent to 75% of their energy needs over 30 years through two stations in Minya and Wadi Natroun. The agreement will allow KarmSolar to “provide the power at a lower cost than the government,” KarmSolar CEO Ahmed Zahran says.