The agreement was signed with the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE) the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA).
Renewable energy will be used to power large–scale electrolyzers to produce green hydrogen, without generating carbon emissions. This green hydrogen will then be used as feed–stock at an adjacent ammonia synthesis facility, also powered by renewables, for the production and export of green ammonia via the Ain Sokhna port.
Green hydrogen and ammonia will play an important role in Egypt’s energy mix. Furthermore, it will support in positioning Egypt as a strong hub for green molecules in the future. Egypt is at the forefront of the energy transition with the development of both renewables and green molecules. The country continues to support the global push to reduce dependency from fossil fuels and to diversify the energy mix.
This MoU is the first of multiple green hydrogen and ammonia projects that AMEA Power is currently discussing across the Middle East and Africa. Green hydrogen and ammonia has recently been introduced as a new vertical that AMEA Power is pursuing with key partners across the region.
Hussain Al Nowais, Chairman of AMEA Power, commented: “Egypt has been close to our hearts from an investment perspective as we are the largest renewable Independent Power Producer (IPP) in the country today with 1,000 MW of wind and solar power. We are very pleased to be partnering again with key and esteemed entities in the country to further develop their power infrastructure and position as a key global player in areas of renewables, decarbonization and green molecules. This is yet again, another great milestone for AMEA Power as we have now signed our first green hydrogen project. We look forward to developing this project and plan to hit the ground running, combining our efforts as well as those of our partners, to make this project a great success”.
About AMEA Power
Headquartered in Dubai, AMEA Power acquires, develops, owns and operates clean power generation assets in Africa, the Middle East and Asia. The company has built a strong pipeline across technologies and at different stages of development in emerging markets. AMEA Power is led by a highly experienced international team with a proven track record in the power sector.
AMEA Power has renewable energy projects in operation and late stage developments in over 15 countries, including Egypt, Jordan, Togo, Tunisia, Morocco, Burkina Faso, Ivory Coast, Chad, Mali, Kenya, Uganda and Ethiopia. In 2021, the company commissioned three renewable energy projects; a 50MW solar power plant in Togo, a 50MW wind project and a 50MW solar power plant in Jordan. AMEA Power’s aggregated capacities of operational projects as well as those under advanced or early development is 3,000 MW across the Middle East and Africa. For more information, please visit: www.ameapower.com