Deal #8767

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. Which is equivalent to 32,800 hectares

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 deal aims to provide clean, reliable electricity to underserved communities,

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.Lekela has been granted access to the land by NREA for development activities until Financial Close. At Financial Close, Lekela will sign a Usufruct Agreement (lease) with NREA for the duration of the project's life.

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