Lekela Power for New and Renewable Energy expects to sign with the Electricity Ministry a USD 350 mn agreement to establish a 250 MW wind farm in the Gulf of Suez in this quarter, Daily News Egypt reports. Lekela and the ministry had signed an MoU for the project two years ago. Private equity firm Actis, which owns 60% of Lekela, portfolio of renewable energy investments includes a 50 MW wind farm in Ras Ghareb and a 50 MW solar power plant in Benban, Aswan.

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