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00:00 "Emea Power is one of the companies that invest in clean and renewable energy.
00:06 As I heard today in Davos, there are many talks about the importance of investment in
00:10 this field, climate change and decarbonization.
00:14 There is no doubt that high interest rates have affected the returns or the economic
00:19 returns of investment in this field.
00:21 But the indicators are good that there is hope that this interest rate will fall because
00:28 the demand for carbon dioxide has increased.
00:33 This encourages more investments in this field.
00:37 There are also international funding institutions that provide easy financing features for clean
00:45 energy projects, in line with the importance of investment in this field, the importance
00:50 of converting to clean energy, which is called energy transition.
00:55 Emea Power is present today in 20 countries in the Middle East and Africa.
01:01 Our largest investments today in Egypt are about a billion dollars.
01:05 We also have investments in Tunisia, Morocco, South Africa, the Aegean Sea, Togo, Jordan,
01:11 Ethiopia, Kenya, all in the field of clean and renewable energy.
01:16 Your presence in Davos, was it an opportunity to hold meetings, agreements, and reach better
01:26 results?
01:27 Yes, without a doubt.
01:29 I met with some international companies, some international funding institutions, and
01:33 some international investment banks.
01:36 Investment banks in particular have expressed their desire to invest with us in this field,
01:42 and I believe in their importance in converting to clean energy, energy transition.
01:50 There are successful research in this field, and we can announce some news in the near
01:54 future, God willing.
01:56 What about Iraq?
01:57 Did you know that there is news about Iraq in particular?
02:00 I was honored to meet the Prime Minister of Iraq, who also confirmed to me that Iraq
02:06 is a strong partner in this strategy, in investing in clean and renewable energy, and welcomed
02:13 us as an Emirati company, given the special relations between the Emirates and Iraq.
02:18 There are researches for investment in wind energy and solar energy in Iraq.
02:23 What about the size of the company's business in 2023?
02:27 What are your expectations for 2024?
02:29 As I told you, the company is located in 20 countries.
02:33 Our investments amount to several billion dollars, in cooperation with international
02:38 funding institutions, and we have reached international investment.
02:42 I have optimism for 2024, and God willing, it will be a good year for our company.
02:48 Today, we have reached approximately 7,000 megawatts between projects under construction,
02:54 projects under operation, or projects in the pipeline in these different countries.
03:00 We have recently entered a new market, which is Central Asia.
03:05 We have agreements in Uzbekistan and Azerbaijan, and we have researches in Kazakhstan.
03:14 It is a new market for us, but also a promising market.
03:18 In 2024, I call it the delivery phase, or the phase in which we have many projects in
03:24 the pipeline that need to be implemented and built in this year, and funded in 2024.
03:31 We also have a direction in the near future, God willing, to expand our capital through
03:39 investment in financial markets, God willing.
03:43 This was my question.
03:44 Are there any details about the investment process?
03:47 We are still in the beginning of the studies for this direction, and God willing, we will
03:54 have it at the right time.
03:55 In the UAE?
03:56 God willing.
03:57 Mr. Hossein Nwais, thank you very much.
03:59 Thank you.