- AMEA Power and Mozambique Hidropower will develop the 125MWp solar PV power plant project worth up to $150 million.
- The project will provide electricity to more than 150,000 homes and create over 1,500 jobs during construction.
Dubai International Chamber has contributed to expanding UAE-based renewable energy firm AMEA Power into Africa through its business in Mozambique. According to a press release, the firm will work with Mozambique’s Hidropower to develop the 125 megawatt-peak (MWp) Matambo solar photovoltaic (PV) power plant in a project worth up to $150 million.
The Matambo Solar Energy Project aims to reduce Mozambique’s carbon dioxide emissions by nearly 232,900 tonnes per year. In addition to this, it will provide electricity to more than 150,000 homes and create over 1,500 jobs during the construction phase. AMEA Power, founded in 2016, expanded into Mozambique on its existing footprint in Africa, including projects in Burkina Faso, Egypt, Jordan, Morocco, and Togo.
In the first nine months of 2023, Dubai International Chamber attracted about 92 new businesses, including 15 multinational companies and 77 SMEs, to Dubai. Meanwhile, in 2022, Egypt witnessed the signing of financial closure agreements between AMEA Power and international financing institutions at $1.10 billion.
The facility’s construction in Mozambique comes under the terms of a partnership agreement signed between AMEA Power and Dubai International Chamber on the sidelines of COP28 and witnessed by Banco Nacional de Investimento. Dubai International Chamber has seven representative offices across the African continent in Egypt, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, and South Africa.