Lekela Power is directing “most” of its investments to Egypt

INVESTMENT WATCH- Lekela is directing “most” of its investments to Egypt: Actis-backed Lekela Power is planning to funnel “most” of its investments in the coming period to Egypt, Lekela Egypt General Director Faisal Essa said last week, according to a cabinet statement. The renewable energy company plans to implement projects with a combined capacity of 500 MW in the country, Essa said, without providing details on the cost or timeline of these projects. Lekela has invested some USD 350 mn in its 250 MW West Bakr wind farm, the statement notes.