UAE-based AMEA Power ventures into Sub-Saharan renewable energy market
AMEA power has signed an MOU regarding a 120MW PV project in Chad and it is exploring investment opportunities in Sierra Leone
The UAE-based renewable energy developer AMEA Power has signed a Memorandum of Understanding (MoU) with the Republic of Chad for a 120MW PV project.
The MoU was signed by AMEA’s chairman, Hussain Al Nowais, and Chad’s minister of petroleum and energy, Mahamat Hamid Koua. Former Chadian prime minister Kalzeubet Pahimi Deubet was also in attendance for the signing.
The MoU was signed back on 1 February 2019, with the proposed installation expected to be developed near N'Djamena, the capital of Chad.
The UAE has started to develop a foothold in Chad, as UAE-based Almaden Emirates Fortune Power signed off on an agreement with the Chadian government back in July 2018 to develop a PV project with a generation capacity between 200-400MW.
A consortium including InfraCo Africa and Smart Energies International signed a 25-year power purchase agreement (PPA) with the Chad’s national utility La Société Nationale d’Electricité (SNE) for a 60MW solar project in August.
AMEA is also exploring investment opportunities in Sierra Leone where AMEA’s Al Nowais has held a meeting with President Julius Maada Bio and potential partners.
“We are looking at Sierra Leone as a place for investment and I am here to explore the investment opportunities in the energy sector. We realised Sierra Leone has the potential and the need for growing its economy by investing in energy,” he was quoted telling the President.
He added: “The project will benefit Sierra Leone by generating power and expanding its base, helping to grow the economy and will also provide comfort to Sierra Leoneans.”
AMEA Power develops, owns, and operates thermal and renewable power projects in Africa, the Middle East and Asia.
The company says it offers a wide range of power solutions that meet the needs of the emerging markets they cater to, including conventional (Gas, Coal and Oil) and Renewable (Solar PV and CSP, Wind, Hydro and Hybrid) power plants.