INTELLIGENT BRANDS // Green Technology
AMEA Power signs agreement
for solar and wind power
project in Egypt
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A
MEA Power, (a subsidiary of Al
Nowais Investments (ANI), has
signed a power purchase agreement
(PPA) with The Egyptian Electricity
Transmission Company (EETC) for a 200MW
solar PV project and a 500MW wind power
project in Egypt.
The PPA was signed by Sabah Mashali,
President of EETC and Hussain Al Nowais,
Chairman of AMEA Power, in the presence
of Egypt’s Prime Minister, His Excellency Dr
Mostafa Madbouly, the Minister of Electricity
and Renewable Energy, HE Mohamed Shaker
and the UAE Ambassador to Egypt HE
Jomaa Al Junaibi.
Abyodos Solar Power Company (ASPC), a
company fully owned by AMEA Power, will
build, own and operate the 200MW solar
project in the Kom Ombo region of Aswan
under the 25 year take-or-pay agreement.
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Meanwhile, Amunet Wind Power Company
(AWPC), also fully owned by AMEA Power,
will build, own and operate the 500MW wind
power project in the Ras Ghareb area under
the 20 year take-or-pay agreement.
The power plants, expected to be
commissioned in Q4 2021 for solar and
Q3 2023 for wind, will be able to supply
power to approximately 830,000 homes,
with planned production of nearly 2.9 GWh
per year.
The project confirms the dedication of AMEA
Power to support the country’s firm goal of
increasing the renewables contribution by
42% to its energy mix by 2035.
AMEA Power’s Chairman, Hussain Al Nowais,
said: “As we continue to expand our global
presence, we are delighted to embark on
these renewable energy projects in Egypt.
We are thankful for all the support that we
have received in the country and we look
forward to continuing to support Egypt in its
drive to diversify its energy mix.”
Meanwhile, AMEA Togo Solar will build
a 50MW solar plant in Blitta (271km north
of Lomé).
The related concession agreement was
signed by the firm and the government.
Their respective representatives were
Alnowais Hussain Jasim and Dèdèriwè Ably
Bidamon, Minister of Energy.
Under the deal, the State grants AMEA Togo
Solar all rights to design, finance, build,
launch, operate and maintain the facility.
In return, the firm will transfer, after
concession, power produced at the plant to
the State, via the public utility network. n
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