Egyptian solar technology company KarmSolar has signed a private power purchase agreement (PPA) with Dakahlia Group’s subsidiaries to provide them with part of their energy needs, Invest-Gate reports.

Under the PPA, KarmSolar will provide 75% of Dakahlia South Valley Poultry’s and Dakahlia Wadi El Natroun Agriculture’s energy needs over 30 years through building two stations in Minya and Wadi El Natroun with investments worth USD 23 mn.

The project, estimated to generate 23.5 MW of electricity, will be implemented by KarmPower, the subsidiary of KarmSolar, according to a company statement.

“This is a critical milestone in the brief history of KarmSolar. KarmPower, our subsidiary, is going to become through this deal the largest private sector solar energy provider in the country. Not only that, but it will provide the power at a lower cost than the government,” KarmSolar CEO and co-founder Ahmed Zahran said.

The land area of the two stations in Minya and Wadi El Natroun will add up to approximately 85 feddans.