AMEA Power which is one of the fastest-growing renewable energy companies in the region, has made an announcement today of the financial close of the first ever utility-scale Battery Energy Storage System (BESS) project that is located in Egypt. The 300MWh Kom Ombo BESS Project is an extension of AMEA Power’s operational 500MW Solar PV Plant that is located in Aswan Governorate, Egypt. This renewable energy plant was commissioned in December of the year 2024.
The 300MWh BESS Project will receive a total of $72 million debt package from IFC. This funding will be utilized for the integration of the project into the operational 500MW Solar PV Plant.
300MWh Kom Ombo BESS Project Factsheet
Project name: Abydos Battery Energy Storage System (BESS) Project. However, it is often referred to as Kom Ombo BESS due to its location
Location: Kom Ombo, Aswan Governorate, Egypt
Capacity: 300 MWh (Megawatt-hours)
Project type: Utility-scale Battery Energy Storage System
Developer and owner: AMEA Power
Also read: AMEA Power Commissions Amunet Wind Power Plant Project in Egypt, Africa’s Largest Wind Power Plant
The funding documents for the project were signed between Samir Nacef who is the Chief Executive Officer of AMEA Power Egypt, and Cheick-Oumar who holds the position of IFC Director for North Africa and the Horn of Africa. The signing ceremony of the BESS project was attended by H.E. Mostafa Madbouly, Prime Minister of Egypt; Dr. Mahmoud Esmat and Minister of Electricity and Renewable Energy of Egypt. Furthermore, in attendance were Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation of Egypt and Makhtar Diop, Managing Director of IFC.
Significance of the Financial Close
This milestone on the renewable energy project further cements the strategic partnership between AMEA Power and IFC. This also the includes the recently commissioned 500MW Amunet Wind Farm that is located in Ras Ghareb, Egypt. Also, the collaboration extends beyond Egypt to projects such as the 120MWp solar PV plant that is located in Metbassta, Tunisia.
This BESS integration is a clear representation of the first initiative to move forward under Egypt’s accelerated 4GW Emergency Renewable Energy Program . This is a government-led effort that is designed to address the increasing electricity demand by leveraging affordable, clean energy solutions and cutting the dependence on imported natural gas.
Also read: Scatec Reaches Egypt’s Obelisk Hybrid Solar and BESS Project Financial Close
