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
The CBE is taking a tougher stance on regulation
Last summer, HSBC paid the CBE a EGP 1.4 bn…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Futures trading to land on the EGX in March
Futures contracts will first debut on the EGX30 before eventually…
NowPay lands in KSA with USD 20 mn JV with Tas’heel
KSA is witnessing “accelerating demand for modern payroll, HR, and…