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UAE Firms Invest in African RE
Tuesday, February 12, 2019  Printer Friendly Email this article


UAE-based renewable energy developer AMEA Power has signed a MoU with Chad for a 120 MW PV project. The MoU was signed by AMEA’s chairman, Hussain Al Nowais, and Chad’s Minister of Petroleum and Energy, Mahamat Hamid Koua on February 1.

The proposed installation is expected to be developed near the Chadian capital of N'Djamena.

This is not the first Chadian project for renewable energy that the UAE is participating in. 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 200-400 MW.

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 60-MW 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 realized Sierra Leone has the potential and the need for growing its economy by investing in energy,” he was quoted as 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.”

 



 
   
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