Dubai-based AMEA Power has signed a framework agreement with Egypt to develop a 1,000-megawatt green hydrogen project for the production of green ammonia.
The project, to be located in Egypt’s Suez Governorate, will have the capacity to produce 800,000 tonnes of green ammonia a year for domestic use and export, the company said on Wednesday.
AMEA Power has teamed up with the Sovereign Fund of Egypt, the Egyptian Electricity Transmission, the New and Renewable Energy Authority, and the Suez Canal Economic Zone to develop the project.
“The world is entering a new era of clean energy deployment, where emerging solutions like green hydrogen will present huge opportunities for investment, job creation and countries like Egypt to become major hubs for clean energy,” said chairman Hussain Al Nowais.
“This project is the first of several large-scale clean energy projects that AMEA Power will develop across the region.”
The hydrogen plant will be developed in two 500MW phases to “de-risk” the project and ensure it benefits from technology efficiency improvements and declining equipment prices, AMEA Power said.
The company is in “advanced discussions” with European, Chinese and Japanese companies to secure a long-term buyer for the green ammonia, it said.
The Dubai-based company is also in talks with the Egyptian Hydrocarbon Corporation to provide a portion of the green hydrogen production to support the development of green industries in the north African country.
AMEA Power, which has completed a feasibility study for the project, said a final investment decision was expected within the next two to three years. Operations in the first phase of the project are expected to begin in 2027.
