Lekela Power to close contracts on USD 350 mn wind farm project within two months

INVESTMENT WATCH- Lekela Power, the pan-African renewable operator that is reportedly 60% owned by funds controlled by emerging markets private equity player Actis, will sign contracts for a USD 350 mn, 250 MW wind farm in the Gulf of Suez within two months, Actis Partner Sherif El Kholy says, according to Al Mal. Lekela’s website says it has nearly 1.3 GW of capacity “at the development and construction stages” in Egypt, South Africa, Ghana and Senegal.