Cairo: Dr. Mahmoud Asmat, Minister of Electricity and Renewable Energy, held a meeting with Sheikh Hussein Al Nuaimi, Chairman of "AMEA POWER", a company under the Al Nuaimi Group, at the ministry's headquarters in the New Administrative Capital. They explored avenues to bolster cooperation and enhance the company's investments in renewable energy and energy storage, including the establishment of standalone storage stations in Egypt for the first time.
According to State Information Service Egypt, the discussions aimed to optimize returns from renewable energies and enhance the stability of the unified electricity grid during peak times. This aligns with the Ministry of Electricity and Renewable Energy's strategy to increase reliance on renewable energy, reduce conventional fuel usage, lower carbon emissions, and foster private sector engagement in implementing national energy projects. The ministry targets achieving 42% clean energy in the energy mix by 2030 and 65% of the total generated energy by 2040.
During the meeting, Dr. Asmat provided updates on the "Abidos 2" solar power project in Aswan Governorate, set to deliver 1000 megawatts, and its accompanying 600 megawatt-hour battery storage station. Additionally, the "Amont 2" wind power project in Ras Shuqair, with a capacity of 500 megawatts, was reviewed. The progress of two energy storage projects, each with a capacity of 1500 megawatt-hours, was also discussed. These projects represent the first standalone energy storage stations integrated into the unified electricity grid, being implemented in Aswan and Red Sea Governorates.
The meeting further delved into strategies to boost AMEA POWER's investments in Egypt and explored several cooperative projects within the partnership framework between the electricity sector and the Al Nuaimi Group. The work plan to secure electricity supply and ensure grid stability, especially during peak demand periods, was a focal point of the discussions.
Dr. Asmat highlighted the electricity sector's recent success in introducing battery-based energy storage systems in Egypt, with a station currently operational in Aswan through "AMEA POWER", contributing 300 megawatt-hours of storage to the grid. He emphasized ongoing efforts to expand standalone storage stations to support and enhance the electrical grid's capacity. The Al Nuaimi Group's role in these developments underscores the importance of energy storage systems for grid stability and continuous electrical flow, particularly with the increased reliance on renewable energy sources.
Dr. Asmat praised the private sector's crucial role in executing the energy strategy, acknowledging the fruitful cooperation with AMEA POWER and the company's adherence to project timelines and schedules, which paves the way for further collaborative efforts.