Amea advances its BESS project in Egypt: The Egyptian Electricity Transmission Company has signed an agreement with the UAE’s Amea Power to develop two independent battery energy storage systems (BESS) with a combined 1.5 GWh capacity, according to a statement released on Sunday. The project is expected to be completed in March 2027.
The details: The first station will be located in Benban and have a capacity of 500 MWh, while the second station will be located in Zaafarana with 1 GWh capacity. Amea will also establish transformer stations to connect renewable energy to the electricity grid. The locations were chosen by the New and Renewable Energy Authority and the Egyptian Electricity Transmission Company.
We saw this coming: Amea signed an initial power purchase agreement for the BESS projects at the end of January with the Egyptian Electricity Transmission Company, and a binding agreement was expected in “one or two weeks,” Amea CTO Mahabir Sharma said then. The project value was reported at USD 350 mn at the time.
All part of a bigger plan: Amea Chairman Hussein Al Nowais met with Egyptian Electricity and Renewable Energy Minister Mahmoud Esmat in July to discuss expanding the company’s renewables investments in the country to 2.5 GW in a bid to up the share of renewables in Egypt’s electricity mix to more than 42% by 2030 and reduce dependency on fossil fuels.