{"id":573381,"date":"2020-08-04T04:02:35","date_gmt":"2020-08-04T04:02:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/"},"modified":"2020-08-04T04:02:35","modified_gmt":"2020-08-04T04:02:35","slug":"lekela-power-is-directing-most-of-its-investments-to-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/","title":{"rendered":"Lekela Power is directing \u201cmost\u201d of its investments to Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>INVESTMENT WATCH- Lekela is directing \u201cmost\u201d of its investments to Egypt:<\/strong> Actis-backed Lekela Power is planning to funnel \u201cmost\u201d of its investments in the coming period to Egypt, Lekela Egypt General Director Faisal Essa said last week, according to a <a href=\"https:\/\/bit.ly\/2Xh8Fma\">cabinet statement<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Lekela is directing \u201cmost\u201d of its investments to Egypt: Actis-backed Lekela Power is planning to funnel \u201cmost\u201d 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,461,125,921,4388,150,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573381","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-gafi","tag-investment-watch","tag-lekela-power","tag-ras-gharib","tag-renewable-energy","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"323f6825-1739-4d2e-b6f6-edea60694a8a","is_powered_by":true,"section_story_id":"a4e2c7a0-1545-4c76-8450-24cb3289251b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573373],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lekela Power is directing \u201cmost\u201d of its investments to Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lekela Power is directing \u201cmost\u201d of its investments to Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Lekela is directing \u201cmost\u201d of its investments to Egypt: Actis-backed Lekela Power is planning to funnel \u201cmost\u201d 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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-04T04:02:35+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lekela Power is directing \u201cmost\u201d of its investments to Egypt\",\"datePublished\":\"2020-08-04T04:02:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/\"},\"wordCount\":98,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"GAFI\",\"investment watch\",\"Lekela Power\",\"Ras Gharib\",\"renewable energy\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/lekela-power-is-directing-most-of-its-investments-to-egypt\/\",\"name\":\"Lekela Power is directing \u201cmost\u201d of its investments to Egypt - 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Lekela will pay the NREA 2% of the power produced annually for its right\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641454,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/lekela-power-to-sign-contracts-for-usd-350-mn-wind-farm-project-by-year-end\/","url_meta":{"origin":573381,"position":3},"title":"Lekela Power to sign contracts for USD 350 mn wind farm project by year-end","author":"enterpriseam admin","date":"24 September 2017","format":false,"excerpt":"Lekela Power for New and Renewable Energy is expected to sign the contracts for its USD 350 mn, 250 MW wind farm in the Gulf of Suez by year-end, Actis Partner Sherif El Kholy tells Al Masry Al Youm. Actis, an emerging markets equity player, owns 60% of Lekela. El\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635644,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/lekela-power-to-reach-financial-close-for-gulf-of-suez-wind-farm-in-2018\/","url_meta":{"origin":573381,"position":4},"title":"Lekela Power to reach financial close for Gulf of Suez wind farm in 2018","author":"enterpriseam admin","date":"10 December 2017","format":false,"excerpt":"Lekela Power for New and Renewable Energy is expecting to reach financial close for its USD 400 mn, 250 MW wind farm in the Gulf of Suez sometime next year, Actis Partner Sherif El Kholy tells Al Borsa. Actis, an emerging markets equity player, owns 60% of Lekela. 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