Lekela Power has signed a memorandum of understanding with the Egyptian Electricity Transmission Company for a 250MW wind power plant in Egypt’s Gulf of Suez area.
Lekela Power, which is owned 60% by Actis and 40% Mainstream Renewable Power, will manage the project on a build, own and operate framework.
It is Lekela Power’s third project in Egypt following two 50MW power stations signed earlier this year.
Lekela Power chief executive officer Chris Antonopoulos said: “We are delighted to have agreed heads of terms for our third project in Egypt and we look forward to continuing to provide clean, safe, and cost competitive energy to the Egyptian people through our wind and solar projects.”
Image: the project will be Lekela’s third in Egypt (Morgue File)
Lekela grabs 250MW in Egypt
Actis/Mainstream JV signs MoU with Egyptian Electricity Transmission Company
By EBS