{"id":657390,"date":"2024-12-19T00:00:00","date_gmt":"2024-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/"},"modified":"2024-12-19T00:00:00","modified_gmt":"2024-12-19T00:00:00","slug":"amea-powers-1-gw-solar-plant-in-benban-gets-golden-license","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/","title":{"rendered":"AMEA Power\u2019s 1 GW solar plant in Benban gets golden license"},"content":{"rendered":"

It was a busy Wednesday at the cabinet<\/strong>, with ministers approving a slew of decisions<\/a>. Among the most notable are:<\/p>\n

#1- Fast tracking AMEA\u2019s Benban solar plant: <\/strong>UAE\u2019s AMEA Power will receive a golden license for its 1 GW solar power plant with 600 MWh battery storage system in Benban after the cabinet approved the move. The project will see investments of USD 850 mn and will be carried out across two phases, the first will start operations next August and see 300 MW of power and half the battery storage capacity come online and the second will kick off operations in April. <\/p>\n

Remember: <\/strong>AMEA inked the purchase power agreement<\/a> for the project with the Egyptian Electricity Transmission Company in September. The project is expected to be the continent\u2019s largest. <\/p>\n

AMEA has been keeping busy: <\/strong>The firm is working to set up<\/a> a USD 600 mn, 5 GW wind power project in the Gulf of Suez in cooperation with the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority. And earlier this month, it inaugurated its 500 MW Abydos solar plant in Kom Ombo. <\/p>\n

#2- Expanding the scope of those receiving funding for retrofitting and purchasing green vehicles: <\/strong>The cabinet a draft law amending the Traffic Law to include expand the list of those eligible for financing under the fund granting support to those who purchase green vehicles to include those retrofitting vehicles \u2014 only those manufactured in the past 20 years \u2014 to run on clean energy as well as for purchasing eco-friendly vehicles.<\/p>\n

#3- Cabinet approves NUCA\u2019s 80% rule: <\/strong>The cabinet has approved the New Urban Communities Authority\u2019s (NUCA) practice<\/a> of considering any project completed so long as 80% of it has been constructed as long as all financial dues must be settled and the project meets safety standards. <\/p>\n

#4- The cabinet has approved a draft presidential decision to form the <\/strong>Egyptian-Saudi <\/strong>Supreme Coordination Council.<\/strong> The council was announced in October<\/a> and will be chaired by President Abdel Fattah El Sisi and Saudi Crown Prince Mohammed Bin Salman.<\/p>\n

#5- Land allocation for silos: <\/strong>Ministers approved the allocation of land in Luxor, Assiut, and New Valley governorates for the establishment of grain silos. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project will see investments of USD 850 mn and will be carried out across two phases<\/p>\n","protected":false},"author":1,"featured_media":657391,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[282,72,356,879,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam","tag-evs","tag-new-urban-communities-authority","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"dd31a359-eb91-469f-8e28-aea7c99cf6ee","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1170.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AMEA Power\u2019s 1 GW solar plant in Egypt\u2019s Benban gets golden license","related_issue":[657378],"teaser":"The project will see investments of USD 850 mn and will be carried out across two phases","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.e1751ec1-2be3-4894-a781-c1ba45aef925.mp3"},"yoast_head":"\nAMEA Power\u2019s 1 GW solar plant in Benban gets golden license - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMEA Power\u2019s 1 GW solar plant in Benban gets golden license\" \/>\n<meta property=\"og:description\" content=\"The project will see investments of USD 850 mn and will be carried out across two phases\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1170.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AMEA Power\u2019s 1 GW solar plant in Benban gets golden license\",\"datePublished\":\"2024-12-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/\"},\"wordCount\":370,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1170.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cabinet watch\",\"EnterpriseAM\",\"EVs\",\"New Urban Communities Authority\",\"renewables\"],\"articleSection\":[\"Cabinet watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/\",\"name\":\"AMEA Power\u2019s 1 GW solar plant in Benban gets golden license - 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AMEA Power will\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643801,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/16\/amea-power-to-invest-usd-800-mn-to-develop-africas-largest-solar-power-plant-and-battery-storage-projects-in-upper-egypt-plus-scatec-two-intl-consortia-set-the-wheels-in-motion-on\/","url_meta":{"origin":657390,"position":2},"title":"AMEA Power to invest USD 800 mn to develop Africa\u2019s largest solar power plant and battery storage projects in Upper Egypt. 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