Dubai International Chamber, operating under the Dubai Chambers umbrella, has played a pivotal role in supporting AMEA Power’s entry into Mozambique, marking a significant expansion for the fast-growing renewable energy company in the African market.
During the COP28 conference, a partnership agreement was signed, witnessed by Banco Nacional de Investimento, outlining AMEA Power’s collaboration with Mozambique’s Hidropower to develop the 125 MWp Matambo solar photovoltaic power plant. Valued at up to $150 million, this project is set to contribute to Mozambique’s carbon reduction goals and meet the increasing demand for electricity in the region.
Dubai International Chamber, through its international representative office in Maputo, provided crucial insights, guidance on investment procedures, and facilitated bilateral meetings with key stakeholders and local institutions. These efforts culminated in the successful completion of the deal, marking AMEA Power’s inaugural project in Mozambique.
His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasized the role of Dubai’s private sector in showcasing global competitiveness, leveraging strategic advantages, and fostering growth and expansion. He highlighted the positive impact of this collaboration on Dubai’s private sector and its positioning as a global platform for expansion.
Africa is recognized as a strategically important market, and Dubai International Chamber remains committed to identifying opportunities on the continent and other priority markets worldwide. The chamber currently operates seven representative offices across Africa, aligning with the Dubai Global initiative’s goal to establish 50 representative offices worldwide by 2030.
Hussain Al Nowais, Chairman of AMEA Power, expressed pride in contributing to Mozambique’s national energy generation mix and emphasized the company’s commitment to providing green and reliable energy solutions. The Matambo Solar Energy Project, expected to reduce carbon emissions by around 232,900 tons per year, will play a crucial role in meeting electricity demands and supporting the country’s energy transition.
BNI Executive Board Member Edson Manguinhane highlighted BNI’s role as a development bank in promoting socioeconomic and sustainable development in Mozambique. The Matambo Solar Energy Project is expected to create over 1,500 jobs during the construction phase and provide electricity to more than 150,000 homes.
AMEA Power, founded in 2016, has rapidly grown to become one of the region’s leading renewable energy companies, with projects in over 20 countries. The expansion into Mozambique adds to the company’s strong presence in Africa, complementing existing projects in Burkina Faso, Egypt, Jordan, Morocco, and Togo.