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

2024-10-03

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

[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

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

[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