Actis, Edra looking to acquire Egypt’s Siemens power plant for up to $2 bn
PE firm Actis and Malaysian power company Edra could spend up to USD 2 bn to acquire one of our Siemens-built power plants. Actis, Edra eye Siemens power plant: Private equity outfit Actis and Malaysian power company Edra have renewed their interest in acquiring one of the three Siemens-built power plants in a transactionthat could be worth USD 2 bn, Bloomberg reported Thursday, citing anonymous […]
Infinity & AFC buy Lekela in Africa’s largest-ever renewables acquisition
Infinity will become Africa’s largest renewables player through Lekela acquisition. Infinity + AFC just sealed Africa’s largest-ever renewables acquisition: Renewables player Infinity Group and Africa Finance Corporation (AFC) have signed an agreement to acquire 100% of Lekela Power in what is Africa’s largest renewables acquisition, the companies involved said in separate statements. The acquisition will give […]
Actis to double energy investments in Egypt, Africa in 5 years
Emerging markets private equity giant Actis aims to double its energy investments in Egypt and other African countries to USD 2 bn within five years, Lisa Pinsley, head of Africa energy infrastructure at the company, told Bloomberg. Actis hopes to sign agreements for six energy projects on the continent this year, and invest between USD […]
Actis to set up $4 bn fund to invest in Egyptian renewables, infrastructure
Actis eyes Egyptian renewables, infrastructure projects with new USD 4-4.5 bn regional fund: Emerging markets private equity giant Actis is looking to raise USD 4-4.5 bn to set up a new international fund, Actis 5, to invest in renewable energy and infrastructure projects with a particular focus on the Middle East and North Africa, partner […]
Lekela Power plans directing “most” of its investments to Egypt
Actis-backed Lekela Power is planning to funnel “most” of its investments in the coming period to Egypt, Lekela Egypt General Director Faisal Essa said last week, according to a cabinet statement. The renewable energy company plans to implement projects with a combined capacity of 500 MW in the country, Essa said, without providing details on […]
Private Equity firm Actis to make new renewables acquisition this year
PE giant Actis to make new renewables acquisition this year: Leading emerging-market private equity firm Actis expects to close a new investment in Egypt’s renewables sector by the end of the year, Sherif El Kholy, head of the firm’s Middle East & North Africa business, told Hapi Journal without revealing the project or the size […]
Lekela starts construction of 250 MW West Bakr wind farm in Ras Ghareb, Egypt
Work has now started on the West Bakr wind project site in Ras Ghareb, Egypt. The 250 MW project is being developed by Lekela, an Independent Power Producer (IPP). Construction of the West Bakr wind project is currently underway. Work has recently been launched at a ceremony attended by several Egyptian officials, including the Minister […]
Actis, Engie, Datang are all in running for stake in Egypt’s Siemens plants
More details on potential investors in Egypt’s Siemens combined-cycle power plants: Actis, France’s Engie, and China Datang Overseas Investment are all competing alongside Blackstone’s Zarou to acquire a stake in the Siemens / Orascom Construction / Elsewedy Electric combined-cycle power plants, according to Bloomberg. Sources in the Electricity Ministry had said earlier this week that […]
EBRD provides $252 million loan for 250 MW wind farm in Gulf of Suez
EBRD, IFC and OPIC providing US$ 252 million loan to a project company owned by Lekela Power BV Funds will finance 250MW wind farm in the Gulf of Suez Clean energy expected to reduce CO2 emissions by 550,000 tons per year The European Bank for Reconstruction and Development (EBRD) is stepping up its support for […]
Lekela Power nears contract finalization for $350m wind farm investment
Lekela Power, the pan-African renewable operator that is reportedly 60% owned by funds controlled by emerging markets private equity player Actis, will sign contracts for a USD 350 mn, 250 MW wind farm in the Gulf of Suez within two months, Actis Partner Sherif El Kholy says, according to Al Mal. Lekela’s website says it […]
