Latest news with #Abydos2
Daily News Egypt
4 days ago
- Business
- Daily News Egypt
Egypt launches 2 separate energy storage plants with 1,500 MWh capacity in Aswan, Red Sea
Mahmoud Esmat, Minister of Electricity and Renewable Energy, has met with Hussain Al Nowais, Chairperson of AMEA Power (part of the UAE's AlNowais Investments), at the Ministry of Electricity's headquarters in the New Administrative Capital to explore expanding renewable energy and battery-based energy storage projects in Egypt. The discussion centered on plans to establish Egypt's first stand-alone energy storage plants. These plants are designed to optimize the use of renewable energy and enhance the stability of Egypt's unified electricity grid, especially during peak demand times. This initiative supports the Ministry's strategy to increase reliance on renewable energy sources, optimize conventional fuel usage, reduce carbon emissions, and encourage private sector participation in national energy projects. The goal is for 42% of Egypt's energy mix to come from clean energy by 2030, with 65% of total power generation expected to come from renewables by 2040. During the meeting, Minister Esmat provided an update on several key energy projects, including the Abydos 2 solar power project, which has a capacity of 1,000 MW and will be paired with a 600 MWh battery storage station currently under construction in Aswan Governorate. Esmat also discussed the Amont 2 wind power project (500 MW) in the Ras Shukeir area. The discussion also covered the progress of Egypt's first-ever stand-alone energy storage stations — two separate stations with a combined storage capacity of 1,500 MWh — being developed in Aswan and the Red Sea Governorates. These stations will be connected to the national electricity grid and play a crucial role in stabilizing grid operations and accommodating more renewable energy. Minister Esmat noted that the electricity sector had successfully introduced battery-based energy storage systems in Egypt in recent months. Currently, there is a functioning station in Aswan, managed by AMEA Power, which adds 300 MWh of storage capacity to the grid. Work is ongoing to expand storage facilities, especially stand-alone stations, as part of a broader plan to enhance grid capacity and reliability. He stressed that energy storage systems are essential for maintaining grid stability and ensuring a continuous supply of electricity, particularly as renewable energy becomes a larger part of the energy mix. Esmat also highlighted the vital role the private sector plays in Egypt's energy strategy, emphasizing its leadership in driving energy projects and expanding storage capacity to meet future energy demands.
Zawya
05-06-2025
- Business
- Zawya
Egypt: Cabinet approves amendment to AMEA Power's Abydos 2 solar project timeline
Arab Finance: The Egyptian cabinet has approved a request by AMEA Power, a subsidiary of the Al Nowais Group, to revise the commercial operation timeline of the Abydos 2 solar energy project, according to a statement. Under the new plan, the 1,000-megawatt solar power plant, accompanied by 600 megawatt-hours of energy storage capacity, will be completed in a single phase in June 2026, instead of the previously scheduled two-phase rollout. The company reaffirmed its full commitment to advancing the project, highlighting its dedication on financial, technical, and ethical fronts to ensuring the successful and timely completion of the facility. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
