Egypt: Lekela expands portfolio with Gulf of Suez project

Renewables developer Lekela Power is multiplying its Egyptian interests, demonstrating strong confidence in the viability and attractiveness of large-scale wind generation developments in the Gulf of Suez. In early November, it struck a bilateral agreement with Egyptian Electricity Transmission Company (EETC) for a 250MW wind farm, which it will construct on a build, own, operate (BOO) basis. This project is separate from the tender to develop a similar plant in the same region, for which both Lekela and France’s Engie (formerly GDF Suez) submitted bids to EETC in April.