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Deal #8767 Version #94406

Egypt, Arab Rep.

Created at

2021-06-08

Last update

2024-10-02

Last full update

2024-10-03

Land area

Size under contract (leased or purchased area)

[2019, current] 32 800 ha

Comment on land area

The West Bakr Wind Farm began construction in February 2020 and commenced commercial operations in 2021. The project contract was signed in the fourth quarter of 2019 under the Build, Own, Operate (BOO) scheme, which allows the private company to develop, own, and operate the project. It is noteworthy that official reports do not specify the exact surface area occupied by the project. 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 wind energy development (data source 2 information summary for the public).

Intention of investment

[2019, current] Wind farm (32 800 ha)

Comment on intention of investment

Lekela Power was prequalified by the Egyptian Ministry of Electricity and Renewable Energy for a 250MW wind project. The project aims to deliver clean and reliable electricity to underserved communities at one of the region's most competitive wind tariffs, supporting Egypt's transition to renewable energy.

Carbon offset project

Comment on carbon offset project

The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.

Nature of the deal

Concession

Negotiation status

[2019, current] Concluded (Contract signed)

Implementation status

[2020] Startup phase (no production)
[2021-11, current] In operation (production)