Dubai International Chamber backs AMEA Power’s expansion into Africa

Dubai International Chamber backs AMEA Power’s expansion into Africa

UAE – Mubasher: Dubai International Chamber has contributed to the expansion of UAE-based renewable energy firm AMEA Power into the African continent through its business in Mozambique.

The company will work with Mozambique's Hidropower to develop the 125 megawatt-peak (MWp) Matambo solar photovoltaic (PV) power plant in a project worth up to $150 million, according to a press release.

The construction of the facility in Mozambique comes under the terms of a partnership agreement signed between AMEA Power and Dubai International Chamber on the sidelines of COP28 and witnessed by Banco Nacional de Investimento.

Dubai International Chamber currently has seven representative offices across the African continent in Egypt, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, and South Africa.

President and CEO of Dubai Chambers, Mohammad Ali Rashed Lootah, commented: “AMEA Power’s successful entry into the Mozambique market underlines the impact of our efforts to stimulate the growth of local companies and conclude rewarding deals that positively reflect on the private sector in Dubai and further strengthen the emirate's position as an ideal platform for global expansion.”

Lootah added: “Africa is a highly important strategic market, and we remain committed to identifying new opportunities on the continent, as well as priority markets worldwide that hold strong potential for