Cairo - Mubasher: Venus, a subsidiary of Karm Holding, has obtained EGP 70 million in Shariah-compliant financing from Banque Misr to expand the Cairo 3A project.

This facility brings the total funding for the project from the bank to EGP 154 million, according to a press release.

The financing will scale up the project’s energy infrastructure, focusing on sustainable power solutions to support energy-intensive agricultural operations beyond conventional grids.

Cairo 3A, a strategic off-grid energy initiative for the poultry industry, uses a hybrid generation model integrating solar PV, battery storage, and gensets to provide reliable and efficient power.

Launched in 2020, the project’s first phase delivered 3 MVA of contracted capacity and 2.50 MWp of solar power.

The second phase, set for completion in 2026, will increase capacity to 5.50 MVA and solar generation to 4.50 MWp, representing an 83% increase over the initial phase.