The European Bank for Reconstruction and Development is planning to provide up to $81m of long-term senior debt financing to Lekela’s 250MW Gulf of Suez wind farm. The board is expected to approve the loan in January 2019. The total cost of the project is estimated at $326m. The plant will comprise 73 3.6MW turbines manufactured by Senvion. Egyptian Energy Transmission Company will construct a dedicated 15km-long 220kV transmission line to connect the plant to the main substation on the 500kV grid, which is shared by other wind plants in the vicinity.
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