UAE's AMEA Power sees huge investment opportunities in Energy sector in Africa

A highly experienced team, as well a the significant relationships that board members and employees have, re-affirms AMEA Power’s position of being a key company in the industry today.

Dubai based AMEA Power has emerged as a leading investor in African nations in the energy sector and is delivering projects to meet the huge energy demand in the African subcontinent. 

When it comes to providing energy on the African continent, AMEA Power (an Industry Partner of the 24th World Energy Congress) knows exactly what is required to succeed. 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 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, the 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 a 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. The 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. The 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.

 

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DISCLAIMER: Except for the headline and minor editing, this write-up has been published from 'The 24th World Energy Congress Preview'. Devdiscourse is Media Partner of World Road Congress 2019 being organized in Abu Dhabi on 9-12 September 2019.