AMEA Power signs power purchase agreement for 500MW wind projects in Egypt

AMEA Power, (a subsidiary of Al Nowais Investments (ANI)), has signed a power purchase agreement (PPA) with The Egyptian Electricity Transmission Company (EETC) for a 500MW wind power project in Egypt.

 

Amunet Wind Power Company (AWPC), fully owned by AMEA Power, will build, own and operate the 500MW wind power project in the Ras Ghareb area under the 20 year take-or-pay agreement. The wind farm is expected to be commissioned in Q3 2023.