Please note: you are viewing an old version of this deal. The current version can be found here: Deal #8767
Deal #8767 Version #91920
Egypt, Arab Rep.
Created at
2021-06-08
Last update
2024-02-23
Last full update
2024-07-30
Land area
Comment on land area
The project site is located within a broader 328 km2 area previously set aside by the New and Renewable Energy Authority (NREA) for the purposes of generating electricity from wind. The area for this specific project is not clear.
Intention of investment
Intention of investment
- [current] Wind farm
Comment on intention of investment
Lekela Power was prequalified for a 250MW Wind Project from the Egyptian Ministry of Electricity and renewable Energy to operate within the BOO scheme
Nature of the deal
Nature of the deal
Lease
Comment on nature of the deal
The land was allocated to NREA (an affiliate of the Ministry of Electricity) by presidential decree number 116/2016 in March 2016. NREA have granted Lekela access to the land in order to undertake development activities until Financial Close. At Financial Close, Lekela will sign a Usufruct Agreement (lease) with NREA for the life of the project.
Negotiation status
Negotiation status
- [2018, current] Concluded (Contract signed)
Comment on negotiation status
Lekela Power was prequalified for a 250MW Wind Project from the Egyptian Ministry of Electricity and Renewable Energy to operate within the BOO scheme.The project is currently in an active status, with approval granted in June 2019, signing in July 2019, and investment made in August 2019
Implementation status
Implementation status
- [2020] Startup phase (no production)
- [2021, current] In operation (production)
Contract farming
Contract farming
No