AMEA Power inks agreement to develop 30MW solar plant in Djibouti
The renewable energy power plant is expected to help Djibouti improve its electricity access rate, and diversify the country’s energy-mix.
UAE headquartered renewable energy developer, AMEA Power, has announced that it has signed an Implementation Agreement (IA) and a Joint Development Agreement (JDA) for a 30MW solar PV project in Djibouti.
The IA was signed by the Minister of Energy and Natural Resources in Djibouti, Yonis Ali Guedi, and Hussain Al Nowais, Chairman of AMEA Power. The official ceremony was attended by Djibouti’s President, Ismail Omar Guelleh.
Furthermore, a JDA was signed by Mr. Djama Ali Guelleh, the CEO of the East African country’s national electricity utility, Electricité de Djibouti (EDD), Dr. Slim Feriani, the CEO of the Sovereign Wealth Fund, Fonds Souverain de Djibouti (FSD) and Mr. Hussain Al Nowais.
“We are proud to be the first Independent Power Producer to develop a solar project in Djibouti. This is a country that has set an ambitious renewable energy target and AMEA Power is pleased to be supporting the nation in increasing its share of renewable energy,” said Hussain Al Nowais, Chairman of AMEA Power.
“East Africa is a significant market for AMEA Power, as it is a region with great potential for the development of clean, reliable and affordable energy. As we continue to grow our footprint in the region, we look forward to working with all parties on this project,” Al Nowais added.
Project to help increase energy access in Djibouti
The renewable energy power plant is expected to help Djibouti improve its electricity access rate, and diversify the country’s energy-mix. Close to 50% of the East African country’s population still has no access to electricity.
With significant renewable energy generation potential, including geothermal, wind and solar resources, the country could meet almost all of its energy needs from renewable energy alone.
The country is increasingly attracting interest from renewable energy investors and developers looking to invest in projects in the country. Leading wind turbine manufacturer, Siemens Gamesa, is currently constructing the 59 MW Goubet wind farm for an estimated $160 million. The wind energy facility is expected to be completed later this year.