EETC signs PPA for Lekela’s 250 MW Suez wind farm

The Egyptian Electricity Transmission Company (EETC) and Lekela Power signed yesterday the power purchase agreement for Lekela’s USD 325 mn, 250 MW wind farm in the Gulf of Suez, Lekela, said in a statement (pdf). Lekela, which is majority owned by Actis, is preparing to begin construction on the project, and will reach financial close for funding it secured in December 2018 by no later than August.