AMEA Power wins 200-MW solar project in Tunisia
May 10, 2024 11:29 CESTDubai-based renewables developer and operator AMEA Power on Wednesday announced the start of construction of its 120-MWp Kairouan solar photovoltaic project in Tunisia, launching works on what will be its maiden operational asset in the North African country.
The USD-86-million (EUR 80.1m) project is being carried out by Kairouan Solar Plant, a project vehicle fully owned by AMEA Power and registered in Tunisia. Financing was provided by the International Finance Corporation (IFC), a member of the World Bank Group, and the African Development Bank (AfDB).
AMEA Power was awarded the Kairouan project in late 2019 in an international tender launched by the Tunisian ministry of industry and SMEs. This was followed by the signing of the concession and the 20-year power purchase agreements with Tunisian power and gas company STEG in June 2021, which were then ratified by the government of Tunisia in May 2022.
AMEA Power expects to commission the Kairouan solar farm in the fourth quarter of 2025. Once up and running, AMEA Power’s first Tunisian plant will be capable of generating 222 GWh of electricity per year, which would be enough to power more than 43,000 households, the Emirati company said.
(USD 1.0 = EUR 0.932)
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