Egypt: Lekela signs PPA for 250MW wind scheme


Issue 387 - 28 Feb 2019 | 1 minute read
Lekela Power announced on 13 February that it has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 250MW wind farm project in the Gulf of Suez, 30km north-west of Ras Gharib. Financial close is expected later this year, and the project is expected to be operational in 2021.The $325m project is part of the government’s build, own, operate scheme. Egypt has a target of achieving 20% renewable power in its overall energy mix by 2022.

Tagged with:

Pin Power

Pin Egypt

Want to read more?

Small article

£4

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Transmission and interconnections – towards a Continental System Master Plan

Africa Investment Exchange (AIX) power transmission event

6 December 2022, online

This online roundtable will evaluate progress towards a Continental System Master Plan for transmission infrastructure and cross-border interconnections and consider the impact which this plan will have on African electricity supply industries.

The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

Book your ticket here

The meeting is free for all AIX members and African Energy subscribers.