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AMEA Power reaches financial close on a 120 MW Tunisian solar project

AMEA Power (United Arab Emirates) has reached financial close on a 120 MW solar PV project in Tunisia. The solar plant is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and fully owned by AMEA Power, and will be located in Metbassta, in the Kairouan governorate. The project is being financed by IFC, a member of the World Bank Group, and the African Development Bank (AfDB). The project is being built under a Build-Own-Operate (BOO) model, is expected to be commissioned in mid-2025 and will generate 222 GWh/year.

The project was awarded to AMEA Power in December 2019 following an international tender programme launched by the Ministry of Industry and SMEs in Tunisia. The Concession Agreement and the Power Purchase Agreement were signed in June 2021 and ratified by the government of Tunisia in May 2022.

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