AMEA Power, a rapidly growing company in the renewable energy sector, has signed Capacity Purchase Agreements (CPA) with the Egyptian government for the development of two battery energy storage system (BESS) projects in Egypt. These projects represent a combined total of 1,500MWh, split between a 500MWh station in Zafarana and a 1,000MWh station in Benban. These facilities will be the first of their kind in the country and aim to strengthen the national electricity grid while facilitating greater integration of renewable energy sources into Egypt’s energy mix.
Strategic agreements to reinforce energy infrastructure
The agreements were signed in the presence of key officials, including Eng. Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company (EETC), and Aqueel Bohra, Chief Investment Officer at AMEA Power. Egypt’s Minister of Electricity and Renewable Energy, Dr. Mahmoud Esmat, along with other representatives from Egypt’s energy sector, also attended the event.
The battery energy storage projects align with Egypt’s efforts to improve the resilience of its energy infrastructure. They will help stabilise the grid, particularly by managing the intermittency of renewable sources such as wind and solar, contributing to a smoother transition towards a decarbonised energy system.
AMEA Power’s key positioning in the Egyptian market
AMEA Power, which has already invested over $3 billion in Egypt, now has projects totalling 2,500MW in renewable energy, including wind and solar farms as well as energy storage systems. Additionally, the company focuses on local socio-economic development, implementing initiatives to support communities near its projects.
