Camping power station factory in Tunisia

How did AMEA power get a 120mwp project in Tunisia?

The project was initially awarded to AMEA Power through an internationl tender program that was launched by Tunisia’s Ministry of Industry and SMEs. This 120MWp project is the first project under the concession regime to reach financial close.

Who financed the AMEA power project in Tunisia?

The USD 86 million project is financed by the International Finance Corporation (IFC), a member of the World Bank Group, and the African Development Bank (AfDB). The project was initially awarded to AMEA Power through an internationl tender program that was launched by Tunisia’s Ministry of Industry and SMEs.

Is AMEA power paving the way for a greener Tunisia?

Hussain Al Nowais, Chairman of AMEA Power, said: “This is a significant milestone for AMEA Power, as we officially announce the groundbreaking for the country’s first privately-financed solar project, paving the way for a greener Tunisia.

Why is Tunisia getting a power purchase agreement?

Furthermore it will support the country in reducing its dependence on oil and gas imports. The Concession Agreement and the 20-year Power Purchase Agreements with the Société Tunisienne de l’Electricité et du Gaz (STEG) were signed in June 2021, and then ratified by the Government of Tunisia in May 2022.