Amea + Cox shake hands: Spain’s Cox and renewables firm Amea Power have formed a JV to co-develop and manage water and energy infrastructure projects across the Middle East, Africa, and Asia, according to a press release. The partnership aims to leverage both firms’ technical and financial capabilities to address resource challenges in high-demand regions.

REMEMBER- Amea Power holds a 3.76% stake in Cox, acquired during the latter’s IPO last November. Amea Power was lining up plans to invest at least USD 100 mn in a desalination project in Morocco through Cox last December.

Amea Power has invested about USD 2.5 bn so far in Africa across 20 countries, USD 2 bn of which is in Egypt alone, with plans to expand its investments in Asia. The company also has plans to go public during the next two to three years.

About Cox: Headquartered in Spain, Cox is a water and energy company with a current concession portfolio of 5 water assets for up to 945k cubic meters per day, six energy generation projects and two transmission line concessions, according to the press release. Cox operates under a concession-based business model, and is complemented by engineering, procurement, and operations & maintenance services.

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