11 Dec '17, 1pm

Egypt 'initials' 250MW power deal with Lekela

Egypt 'initials' 250MW power deal with Lekela

Lekela, a joint venture (JV) between developer Mainstream Renewable Power and investment firm Actis, also initialled a power purchase agreement (PPA) with the state-owned Egyptian Electricity Transmission Company (EETC), it announced The JV will construct the 250MW site in northeast Egypt within a build, own and operate (BOO) framework. In November 2015, it signed a memorandum of understanding (MoU) with the EETC to build the project. The location of the project, approximately 30km northwest of Ras Ghareb, has a strong wind resource, which should deliver high capacity factors and enable the competitive sale of power, the company stated. Environmental and technical studies have been carried out for the project, Lekela added. Financial close and the start of construction are expected to take place next year. "This is part of our long-term strategic plan to deliver renewable ...

Full article: https://www.windpowermonthly.com/article/1452537/egypt-in...

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