Cairo: With an investment cost of USD 3 million, Cairo 3A Agriculture Company signed a Memorandum of Understanding with Intro Sustainable Resources to build a solar power plant on the company’s farms in Wadi El-Natrun. The production of the power plant is expected to be 3 Megawatts. This is part of Cairo 3A Agricultural’s commitment to reach zero carbon emissions by 2025
The memorandum of understanding was signed by Mr. Aly El-Gamil, CEO of Cairo 3A Agricultural Company, and Mr. Hany Helaly, executive partner of Intro Sustainable Resources, on the sidelines of the two participating in COP27, held in Sharm El-Sheikh.
Following Egypt’s 2030 vision and sustainable development strategy, besides the company’s belief in the issue of climate change and the need to work together to reduce environmental pollution, the construction of the solar power plant in The company’s farms will accelerate the pace of meeting its goal of reaching 0% of carbon emissions ahead of schedule.
“The solar power station will cover the needs of 80% of the energy used from the farms that will contribute to saving 4,000 tons of carbon emissions. In the near future, Cairo 3A will expand the implementation of similar projects in the sites of the company, to limit climate change” said Mr. Aly El-Gamil, CEO of Cairo 3A Agricultural.
“We are proud that Cairo 3A Agricultural is one of the first companies aiming to produce clean electricity. Signing this MOU with Intro will help reduce costs, and also bring us closer to our goal of reducing carbon emissions, in line with the direction of the Egyptian government’s vision.”, added Mr. El Gamil.
According to the memorandum, Intro Sustainable Resources will cover all costs related to the project, including infrastructure management and operation and maintenance of the solar plant. This should lead to a significant reduction in consumption costs, improve the consistency of the company’s supplies, and eliminate most of its negative impact on the environment.
It is worth mentioning that the Cairo 3A Agricultural farm is located on an area of 2,500 hectares in Wadi El Natrun, where it has one of the largest cold storage facilities in the Middle East and Africa with a capacity of 6.6 thousand pallets to ensure that fresh fruits and vegetables remain of high quality. The facility also includes three cold rooms, two Freezing rooms, two pre-cooling rooms, and a quick freezing tunnel, in addition to Qutoof, a concentrates factory, which operates as has an annual production capacity of 12,000 tons. Cairo 3A Agricultural exports its products to more than 40 countries around the world, becoming one of the largest fruit and concentrate export companies in Egypt.
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About Cairo 3A
Cairo 3A was founded in 1981 as a group specializing in the trading of food commodities, based on a clear vision of the group’s officers to transform from a company specializing in commodities of agriculture into a unified group that covers all production cycles related to obtaining premium quality products. From corn, which the group imports from abroad, to produce starch and glucose products for consumers, to vegetable oil products, feed, and poultry products. Based on this vision, Cairo 3A Group has become the largest national entity in the food industry sector. Through its subsidiaries, the group has acquired 70% of the starch, glucose, and derivatives market, 20% of the poultry market, and 4% of the feed market, where the company plans to gain more market share in Egypt in the near future.
