The Electricity Ministry has brought online Egypt’s largest wind power plant in the Gulf of Suez, Al Mal reports, citing an unnamed ministry source. The story does not mention the name of the farm, but the specs match Lekela Power’s 250 MW West Bakr plant, which was constructed under a BOO (build, own, operate) framework. The plant cost USD 350 mn.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…