The Dubai International Chamber facilitates the entry of AMEA Power in Mozambique

Dubai Chamber International, one of three chambers operating under the Dubai Chambers umbrella, has successfully contributed to the expansion of AMEA Power, one of the region’s fastest growing renewable energy companies, in Mozambique .

The move further expands the Emirati company’s business on the African continent.

Under the terms of a partnership agreement, AMEA Energy will work with Mozambique hydroelectric power develop the 125 MWp Matambo solar photovoltaic plant in a project valued at up to 150 million dollars.

Dubai International Chamber supported AMEA Energy through its international representative office in Maputo, providing valuable knowledge and guidance on investment procedures, potential partnerships and business requirements in Mozambique.

The chamber organized a series of bilateral meetings with key stakeholders and local institutions, which culminated in the finalization of the agreement and AMEA EnergyThe first project in the Southeast African nation.

Mohammad Ali Rashed Lootah, Chairman and CEO of Dubai Chambers, commented,

“Dubai’s dynamic private sector continues to demonstrate its competitiveness on the global stage by leveraging the emirate’s strategic advantages and its favorable business environment, geared towards growth and expansion. AMEA Power’s successful entry into the Mozambique market underlines the impact of our efforts to stimulate the growth of local businesses and close rewarding deals that will reflect positively on the private sector in Dubai and further strengthen the emirate’s position as an ideal platform for global expansion.

He added,

“Africa is a very important strategic market and we remain committed to identifying new opportunities on the continent, as well as priority markets around the world that have great potential for businesses in Dubai.”

Dubai International Chamber currently operates seven representative offices across the African continent in Egypt, Ethiopia, Ghana, Kenya, Mozambique, Nigeria and South Africa. The chamber’s drive to support the international expansion of the local business community is aligned with the goals of the Dubai Global initiative, which seeks to establish a powerful network of 50 representative offices around the world by 2030 and help headquartered companies in Dubai to explore new business opportunities in 30 priority markets.

Hussain Al Nowais, President of AMEA Powerhe claimed,

“AMEA Power is proud to play a role in Mozambique’s national power generation mix and we look forward to working closely with our local partners Hidropower and BNI, the regulator, utility and government to unlock the clean energy transition.” to enable green industrialization in the country. As a company, we remain committed to providing green and reliable energy solutions. Demand for renewable energy in Mozambique and the Southern Africa region as a whole is increasing; “This solar PV project will not only help meet this demand, but will also significantly reduce carbon emissions.”

The Matambo Solar Energy Project is expected to reduce Mozambique’s carbon dioxide emissions by around 232,900 tonnes per year. Once operational, the project will play a crucial role in meeting the growing demand for electricity in Mozambique and across the southern African region, in line with the government’s goal of accelerating the country’s energy transition. The project will provide electricity to more than 150,000 homes and create more than 1,500 jobs during the construction phase, contributing to the development of the local and national economy.

News source: Emirates News Agency