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Arab Medical Equipment Company (AMECO) signs a deal with Empower New Energy and Gree Solar to develop 2.5 MW capacity of solar power plant at its manufacturing unit in Ramadan City, Cairo.
Thi is fifth investment of Empower in Egypt. The agreement was signed for 25 years and the plant will generate 4.4 GWh solar power every year and will save 2125 thousand tonnes of carbon dioxide annually.
Hisham El Fata Chairman of AMECO said, “offering rapid deployment of clean energy with no up-front cost to the customer is a value proposition that resonates greatly with Egyptian energy buyers and as a company, saves us electricity costs and enables sustainable operations with use of clean energy.”
Terje Osmundsen CEO of Empower said, “this an important step closer to realizing our ambition to be one of the foremost independent solar power providers in the C&I industry in Africa.”
Empower New Energy is an award – winning impact investor in African renewable energy with proven business and operating mode. The Company serves C&I clients and communities by mobilizing international capital and operating assets effectively.
AMECO is the first and largest single-use syringe manufacturer in the Middle East. In addition to disposable syringes, AMECO produces hypodermic needles and IV and transfusion sets.
Gree Solar is a leading solar PV developer that specialises in developing rooftop and ground mounted solar PV for businesses in Egypt.