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AMEA Power signs PPA for 200MW of solar in Egypt
CategoryPress Releases
CountryEgypt
TagsEnergy Access, Finance and Investment, Renewable Energy
AMEA Power, a subsidiary of Al Nowais Investments (ANI), has signed a 25-year 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.
Abyodos Solar Power Company (ASPC), a company fully owned by AMEA Power, will build, own and operate the solar project in the Kom Ombo region of Aswan under a 25-year take-or-pay agreement.
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 a 20-year take-or-pay agreement.
The PV plant is expected to be commissioned in the fourth quarter of 2021 and the wind plant in Q3 2023. The two plants will be able to supply power to approximately 830,000 homes, with planned production of nearly 2.9GWh of electricity per year.
In October, Saudi firm ACWA Power inked a deal for a 200MW solar plant in Egypt's West Nile region.