Mainstream, Actis in project tie-up

Mainstream Renewable Power and Actis have expanded on their existing co-operation to launch a pan-African renewable energy generation platform, Lekela Power, with the aim of providing 700-900MW of wind and solar power across Africa by 2018. Mainstream and Actis have already formed successful partnerships in South Africa and Chile. Lekela Power will operate in a similar fashion, with Mainstream owing 40% of the platform and taking responsibility for project management, including site identification, project development, construction management, and operation and maintenance of plants. Lekela Power will be funded over three years through a combination of equity and debt.