Renewables: Hussain AlNowais signs power purchase agreements for two mega-projects in Egypt

Renewables: Hussain AlNowais signs power purchase agreements for two mega-projects in Egypt

The Emirati businessman has signed power purchase agreements (PPAs) for two forthcoming renewable energy plants in Egypt with a total capacity of 700MW and an expected investment of around $1bn.

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            ▪ Renewables: Hussain AlNowais signs power purchase agreements for two mega-projects in Egypt

▪ The Emirati businessman has signed power purchase agreements (PPAs) for two forthcoming renewable energy plants in Egypt with a total capacity of 700MW and an expected investment of around $1bn.

https://www.jeuneafriquebusinessplus.com/en/801390/renouvelables-hussain-al-nowais-signe-des-ppa-pour-ses-deux-mega-centrales-egyptiennes/

11/12/2019 at 16h39, by Aurelie Benoit, updated 12/12/2019

According to a source close to the operation, AMEA Power‘s investment for the two plants amounts to $975m and represents one of the largest to date for the Emirati renewable energy company. A minority part of the financing will come from equity while the rest will be raised in debt, according to our sources.

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