AMEA Power signs Capacity Purchase Agreements with the Egyptian government
The milestone projects will support Egypt’s clean energy transition by enhancing grid stability and enabling greater integration of renewable energy sources into the national energy mix
AMEA Power has signed Capacity Purchase Agreements (CPAs) with the Egyptian government to develop the first standalone battery energy storage systems (BESS) in the country. The projects will have a combined capacity of 1,500MWh, comprising a 500MWh BESS project in Zafarana and a 1,000MWh BESS project in Benban.
The agreements were signed by Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company (EETC), and Aqueel Bohra, Chief Investment Officer at AMEA Power, in the presence of Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, Hamida El-Sanea, General Manager for Renewable Energy Private Sector for the EETC and Ahmed Hafez, Manager for Business Development at AMEA Power.
The milestone projects will support Egypt’s clean energy transition by enhancing grid stability and enabling greater integration of renewable energy sources into the national energy mix.
Hussain Al Nowais, Chairman of AMEA Power said, “This agreement marks a transformative moment in our journey to power a sustainable future for Egypt. By deploying advanced battery storage solutions, we are not only strengthening the country’s energy infrastructure but also paving the way for a more resilient and decarbonised power sector. AMEA Power is fully committed to accelerating Egypt’s clean energy ambitions through innovative, large-scale renewable projects that drive economic growth, create jobs, and deliver lasting environmental benefits.”
AMEA Power has been a key player in Egypt’s renewable energy sector, with investments exceeding US $3bn across solar, wind, and battery storage projects, bringing the company’s total capacity in the country to 2,500MW of wind and solar projects, and 2,400MWh BESS.
The company remains dedicated to fostering socio-economic growth by actively collaborating with local communities. Through its ‘Community Investment and Development Programs,’ the company will implement impactful social initiatives to drive long-term positive change, said a statement from AMEA Power.
