AMEA Power achieves financial close for project in South Africa ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
AMEA Power achieves financial close for project in South Africa
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 31
AMEA Power announced it has reached financial close on its 120MW Doornhoek Solar Photovoltaic (PV) Project in South Africa. When commissioned, the USD120 million project will be the company’s first operational asset in the country. AMEA Power is the majority shareholder in the 120MW solar pv project, and had partnered with Ziyanda Energy and Dzimuzwo Energy. The project was first awarded to the consortium through Bid Window 6 of the REIPPPP. Standard Bank South Africa provided the debt funding of USD100 million to AMEA Power, while Industrial Development Corporation provided the USD8 million of equity funding to the local partners. AMEA Power’s Chairman, Hussain Al Nowais, said: “We are deli

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