KarmSolar has signed a USD 90 mn agreement with Cairo3A Poultry to connect its facility to the national grid and supply all of its electricity from solar power, the company said in a statement (pdf). KarmSolar is planning to build a USD 90 mn, 100 MW solar plant in the Bahariya Oasis to provide power to Cairo3A. KarmSolar is currently looking to raise EGP 500 mn to finance the construction of new solar plants, and contracted Attijari Finances last September to assist with the fundraising process.

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