With a focus on diversifying its portfolio with solar, wind, battery storage, gas and HFO, UAE-based AMEA Power has established itself as a leader of the emerging market.
This has seen them become a fast-growing developer with a mandate to own and operate a number of thermal and renewable projects not only in Africa, but also in the Middle East and Asia.
In Africa, significant improvements to infrastructure and the growth of many of the continent’s economies during the last decade means that there is an increasing demand for energy from many countries in the region.
It is an opportunity that AMEA Power has embraced with its Independent Power Producer (IPP) model, which is expected to grow significantly, having been a primary vehicle for investment in Africa’s energy sector.
To continue delivering sustainable projects, AMEA Power has recruited a team of senior and mid-level professionals with extensive experience in the power sector in Africa, Middle East and Asia. Through their recruitment drive, they have also provided a platform for local talent in Africa.
A highly experienced team, as well as the significant relationships that board members and employees have, re-affirms AMEA Power’s position of being a key company in the industry today.
As the market continues to evolve within Africa, along with the essential energy needs of the vast population and many challenging rural areas, AMEA Power has signed a number of agreements to develop power projects in different countries across the continent.
One of its latest commitments is for the development of a 30-megawatt (MW) solar power station in Togo. It will be the first of four solar plants to be built under Togo’s electrification plan.
Prior to that agreement, a Memorandum of Understanding (MoU) was signed that will see AMEA Power build a 2 x 60 MW PV project in the Republic of Chad, north-central Africa.
AMEA Power has also recently reached financial close on two projects in Jordan. In the Ma’an region of the country, the $74 million Al Husainiyah Power Plant, which is a 50MW solar project, reached financial close. AMEA Power also reached financial close on the 51.75MW Abour wind project, which will offer a significant boost to renewable energy development in the country.
Having built a strong pipeline of projects that has the potential to add 7,000 MW of capacity to its impressive portfolio, the future certainly looks bright for AMEA Power to go from strength to strength on the continent.
H.E. Hussain Al Nowais, AMEA Power's Chairman, will be speaking on Tuesday, 10th September at the parallel session –
'To invest or divest: New realities and responsibilities' from 14:15 - 15:30.