ABOUT US

KarmSolar is a solar technology and integration company that delivers innovative solar solutions to the agricultural, industrial, tourism and business sectors. Since its founding in 2011, KarmSolar has been Egypt’s largest private off-grid solar energy integrator, with exceptional experience in developing its award winning high-capacity solar pumping stations, including the region’s largest off-grid Hybrid Pumping & Irrigation System (147 kW). KarmSolar also offers MW-scale off-grid solar energy stations and grid-connected utility-scale installations. Committed to R&D and innovation, our goal is to commercialise sustainability, enabling businesses to gain from an increase in productivity whilst benefiting from, and protecting, the environment.

Meaning “a fruitful vine” in Arabic, the name for the company was inspired by the Karm Eco Lodge, a nature preserve in South Sinai and represents our commitment to sustainability.

KarmBuild, a subsidiary of KarmSolar, is an architectural design & build firm with a focus on energy efficient and environmentally sustainable building designs. KarmBuild is the only company in Egypt to integrate solar energy technology into a building’s design and our architects work with a wide range of materials and construction methods. In addition, KarmBuild develops master planning packages and provides EPC services for large scale solar installations.

KarmBuild projects provide long-term energy savings and are ideally suited to off-grid environments and target the needs of the agricultural, industrial and tourism sectors; a flexible design approach allows us to deliver functional buildings such as workers villages but also high-end eco-communities and resorts.

Research & Development

We recognise that for an innovation to make a positive impact, it must be directly applicable to targeted users. KarmSolar’s operations span solar integration, software and hardware development and sustainable construction, bringing together a broad range of engineering, talent and knowledge that we challenge to overcome the agricultural, tourism and industrial sectors’ biggest energy hurdles.
Specialising in the development of off-grid solar technologies, our Research & Development (R&D) Lab, based in the Western Desert’s Bahareya Oasis, is strategically located to effectively engage with off-grid businesses and communities. KarmSolar’s patent-pending software and hardware are specifically designed to make solar energy solutions commercially viable and cheaper than off-grid diesel-run systems.
KarmSolar won the HTC-Wharton Innovation Award in 2012 for efforts in the development of our flagship product, Solar Water Pumping Solution (Variable Speed Drive).
First implemented on a large commercial farm in 2013, this was the first system of its kind in the Arab region. Two subsequent years of development has resulted in not just a reduction of the system’s cost but also the boosting of its efficiency and performance with additional in-house developed proprietary hardware (Drive Controllers) and software (MPPT and the Solar Management Interface).
In 2015, KarmSolar launched a new innovative product; the Hybrid Pumping & Irrigation Solution, enabling the direct pumping of water into fixed irrigation networks. This product is designed to address the needs of agri-businesses that do not require water storage facilities for their operations.
R&D is a backbone to KarmSolar’s operations and our Innovation Engineers are pioneering new technologies that will ensure solar energy’s domination of the energy market in Egypt and beyond.

International Certifications and Partnerships

KarmSolar’s solutions are designed to operate in the harsh environments of Egypt’s off-grid locations. As these systems are built to last for 25 years the quality of the components and the execution of the projects is essential. KarmSolar has been awarded the following certifications, demonstrating our guarantee of quality and commitment to our clients, the environment and our employees;

Board Information

The KarmSolar Board was carefully selected based on its member’s ability to add value through their knowledge and experience of the energy sector, economics, finance and legislation.

Mohamed El Ansari

Chairman

is an alumnus of the Harvard Business School and the University of Massachusetts with over 20 years of experience in the energy sector, working for Shell International.  Ansari is currently Vice-Chairman-CEO and co-founder of EKH and Chairman of Dar Petroleum Company. Mohamed is also a board member for Egyptian Kuwaiti Holding Company, Egypt Hydrocarbon Company and The Egyptian Tanker Company.

Tamer Essawi

Vice-Chairman

holds a degree in Law and Engineering from Cairo University and an MBA from the Arab Academy. Tamer is the Commercial Director of Egyptian Kuwaiti Holding and has over 20 years of experience in working with international corporations including Kvaerner Process in London and AGIP in Milan. Most recently he was GM for Contract and Agreements with Echem in Cairo.

Ahmed Zahran

C.E.O

holds a MSc. in Economics from the University of London, a BA. in Business Administration & Finance from the American University in Cairo and a diploma from The European College of Liberal Arts in Berlin in Philosophy & Literature. He has 10 years of experience in renewable energy and carbon trading working at Shell in the UK and Tunisia, and working in Egyptian Kuwaiti Holding in Egypt. Ahmed is responsible for guiding, coordinating and overseeing the commercial and technical growth strategies of the company.

Yumna Madi

C.S.O

holds an M.A. in International Economics; Energy & Environmental Policy from the Johns Hopkins University (SAIS) and a BA. in Economics from the American University in Cairo. Yumna has over seven years of experience in contracting, economic research, and international development working in Washington, D.C. and Egypt. Yumna oversees market research and analysis, client relations, new business development, project proposals and communications.

Amr Badawi

is a Chartered Financial Analyst (CFA) Charterholder. He has 10 years of experience in financial and business analysis working in the banking sector and with stock markets. He has been focusing on private equity investments in the energy sector over the past 5 years. Amr is an Investment Manager at Egyptian Kuwaiti Holding.

Lamyaa Gadelhak

is a Master of International and European Business Law and holds a BA in Business Law, both from the Université Paris I Panthéon Sorbonne in addition to an L.L.B from Cairo University. Lamyaa is an Associate of Helmy Hamza & Partners (members of Baker & McKenzie International), a member of Baker & McKenzie’s Banking & Finance, Energy, Mining & Infrastructure, Environmental & Climate Change, as well as Carbon Capture and Storage Practice Groups among others. She has recently been selected as a ranked lawyer in Chambers Global 2015, identifying her as one of the best lawyers in her jurisdiction.

Yasmin Hassan Ibrahim

holds an MBA from INSEAD with a concentration in management and finance and a BA. in Economics from Cairo University. In May 2000, she completed the Finance and Investment Appraisal Course at EFG-Hermes, based on the Chase Manhattan Credit and Investment Course. She spent six years at EFG-Hermes Asset Management managing funds and portfolios investing in the Middle East and Africa, including the EFG-Hermes Telecom Fund, the first Telecommunication, Media and Technology fund in the Middle East. She was also a member of the Investment Committee of the division’s funds and portfolios investing in the Middle East and Africa. Yasmine is a Partner at Beltone Private Equity.

Basil El Baz

is a graduate from Harvard University and Founder, Chairman & CEO at Carbon Holdings and Egypt Basic Industries Cooperation. EBIC was the first Egyptian company that received a comprehensive loan from the Export-Import Bank of the United States. Carbon Holdings’ current project, the Egypt Hydrocarbon Corporation (EHC), is considered to be the first major project to close in post-revolution Egypt.