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Tag: Lekela Power

Infinity Power Finalizes Acquisition of Lekela Power in Africa’s Biggest Renewable Energy Deal

Posted: March 21, 2023 at 1:09 pm   /   Renewables

Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform. Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power. The transaction makes Infinity Power the largest renewable energy company on the African continent. Infinity’s key stakeholders include Africa […]

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lekela

Lekela exploring potential green hydrogen, desalination projects

Posted: March 14, 2022 at 9:20 pm   /   Renewables

Lekela could branch out into green hydrogen + desalination: Renewables player Lekela Power is “actively exploring” potential green hydrogen and renewables-powered water desalination investment prospects with the government and the private sector, general manager for Egypt Faisal Issa told Enterprise. Spanish and British investors have expressed interest in working with Lekela on the desalination projects, he […]

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lekela

Lekela Power plans directing “most” of its investments to Egypt

Posted: August 4, 2020 at 12:50 pm   /   Renewables

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 […]

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Lekela

Lekela starts construction of 250 MW West Bakr wind farm in Ras Ghareb, Egypt

Posted: February 29, 2020 at 12:59 pm   /   Renewables

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 […]

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Vestas

Vestas awarded tender for Egypt’s Ras Ghareb 250 MW wind plant

Posted: February 4, 2020 at 3:49 pm   /   Renewables

The New and Renewable Energy Authority (NREA) has awarded the tender to build Lekela Egypt’s EUR 260 mn, 250 MW wind plant in Ras Ghareb to Danish firm Vestas, sources in the Electricity Ministry told Al Mal. The final contract is expected to be signed this month after the NREA agrees terms with the company. […]

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Vestas

Egypt’s NREA reviews Vestas’ bid for 250 MW Ras Ghareb wind plant

Posted: December 11, 2019 at 12:42 pm   /   Renewables

The New and Renewable Energy Authority (NREA) is reviewing the offer Denmark’s Vestas submitted in the tender to build a 250 MW wind energy plant in Ras Ghareb, and will make a decision within weeks, sources told the local press. Vestas is currently the only company bidding for the contract, after other bidders had either […]

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Lekela

Construction officially starts at Lekela’s 250 MW West Bakr wind farm

Posted: October 16, 2019 at 3:33 pm   /   Renewables

Siemens Gamesa starts work on Lekela’s 250 MW West Bakr wind plant: Siemens Gamesa has begun building a 250 MW wind plant in West Bakr in the Gulf of Suez, which is expected to increase Egypt’s wind energy capacity by 18% once completed in 2021, operator Lekela Egypt said in a statement. The company will […]

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EBRD wind

EBRD provides $252 million loan for 250 MW wind farm in Gulf of Suez

Posted: August 14, 2019 at 1:04 pm   /   Renewables

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 […]

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Five companies prequalify for Gulf of Suez wind farm tender

Posted: July 3, 2017 at 1:39 pm   /   Renewables

Five companies have reportedly entered the race for the New and Renewable Energy Authority (NREA)’s 250 MW wind farm project in the Gulf of Suez, Al Borsa reports. Among the bidders are Vestas, Siemens, Enercon, Ray Power, and a consortium comprised of Power China and Goldenwind. 21 companies, including Lekela Power, Nordic Power, and Orascom […]

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wind farm construction

Lekela Power nears contract finalization for $350m wind farm investment

Posted: May 10, 2017 at 2:28 pm   /   Renewables

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 […]

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