Another AMEA Power Milestone

Yet another great milestone for our company AMEA Power; The clean energy arm of Al Nowais Investments, through the signing of the financial closure agreements with international financing institutions to develop two renewable energy projects in Aswan and the Red Sea *with a capacity of 1000 megawatts and an investment of $ 1.1 billion*; Where debt is provided by: “IFC – International Finance Corporation “, a member of the “The World Bank Group”, “FMO – Dutch entrepreneurial development bank “, “Japan International Cooperation Agency (JICA) and by a group of  Banks including: Japan Bank for International Cooperation (JBIC), Standard Chartered Bank , Sumitomo Mitsui Banking Corporation (SMBC). The agreements were signed at the headquarters of the Egyptian Cabinet in Cairo, in the presence of Dr. Mustafa Madbouly, Egyptian Prime Minister, Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, Dr. Rania A. Al-Mashat , Minister of International Cooperation.

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