TAQA Arabia, the largest private sector energy distribution company in Egypt and a subsidiary of Qalaa Holdings’ Energy Sector, recently announced the commissioning and subsequent start of commercial operation of its latest green private-to-private project in Egypt, a 6MW solar power plant at Dina Farms in the Beheira governorate.
Reportedly, the commissioning ceremony of the power plant was attended by the Vice President of European Bank for Reconstruction and Development (EBRD) Alain Pilloux, the Chairman & Founder of Qalaa Holdings Ahmed Heikal, the CEO of TAQA Arabia Pakinam Kafafi, and the CEO of Dina Farms Raouf Tawfik.
Funding of the 6MW solar power plant at Dina Farms
Funded by the EBRD as part of a financing package of up to US$ 10M to expand TAQA Arabia’s renewable energy business, the 6MW solar power plant at Dina Farms, a Qalaa Holdings’ Agri-subsidiary and the largest integrated dairy farm in Egypt & Africa at large, is an ideal starting point towards serving the Egyptian government’s pursuit of energy diversification & liberalization, by facilitating a market for private renewable energy development.
“We are extremely proud to partner with TAQA Arabia to scale up green private-to-private capacity and providing renewable energy to Dina farms is a great achievement. Private energy solution providers such as TAQA Arabia have a key role to play in supporting Egypt’s ongoing energy sector transition and liberalization,” said EBRD’s Vice President Pilloux.
Largest PV plants based on an agricultural and dairy project in Africa
It will also enable Dina Farms to cover part of its energy consumption with clean energy, therefore, lowering significantly the cost of electricity and reducing the agricultural and dairy farms’ carbon footprint. TAQA PV for Solar Energy will sell all its generated energy to Dina Farms under a 25-year power purchase agreement (PPA).
According to CEO Tawfik, the 6MW solar power plant at Dina Farm is one of the largest PV plants based on an agricultural and dairy project in Africa.