First solar power station in Egypt to sell electricity to private sector
1 megawatt of energy generated will be sold to the private sector
Egypt is set to open its first solar powered power station on September 25, according to Africa Business Communities website. The 1 megawatt of energy generated will be sold to the private sector.
The power station was set up at a cost of $1.5million by KarmSolar from its Social Fund for Development and independent investments.
The station will help save up to 600,000 liter of diesel a year, and prevent the emission of 1,620 tonnes of carbon dioxide annually, according to Ahmed Zahran, the CEO of KarmSolar.
Right to sell power
The company has been given the right to sell power directly by the Egyptian Electric Utility and Consumer Protection Regulatory Agency. An additional agreement was signed with Juhayna to supply its farms with solar-generated electricity.
KarmSolar will also start finalising another project linking a power plant of 2MW capacity in Hurghada. The financial transaction for this project is to be completed before 26 October, the company official said.