{"id":600961,"date":"2019-02-14T04:04:38","date_gmt":"2019-02-14T04:04:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/"},"modified":"2019-02-14T04:04:38","modified_gmt":"2019-02-14T04:04:38","slug":"eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/","title":{"rendered":"EETC signs PPA for Lekela\u2019s 250 MW Suez wind farm"},"content":{"rendered":"

The Egyptian Electricity Transmission Company (EETC) and Lekela Power signed yesterday the power purchase agreement for Lekela\u2019s USD 325 mn, 250 MW wind farm in the Gulf of Suez, Lekela, said in a statement (pdf)<\/a>. 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<\/a> by no later than August.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Electricity Transmission Company (EETC) and Lekela Power signed yesterday the power purchase agreement for Lekela\u2019s 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 […]<\/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":[7207],"tags":[93,72,7125,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600961","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-environment","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"959f7b34-b139-4b7e-9e54-83ce6b758099","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600935],"teaser":"","voice_url":""},"yoast_head":"\nEETC signs PPA for Lekela\u2019s 250 MW Suez wind farm - 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\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EETC signs PPA for Lekela\u2019s 250 MW Suez wind farm\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electricity Transmission Company (EETC) and Lekela Power signed yesterday the power purchase agreement for Lekela\u2019s 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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T04:04:38+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\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EETC signs PPA for Lekela\u2019s 250 MW Suez wind farm\",\"datePublished\":\"2019-02-14T04:04:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"environment\",\"renewables\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/eetc-signs-ppa-for-lekelas-250-mw-suez-wind-farm\/\",\"name\":\"EETC signs PPA for Lekela\u2019s 250 MW Suez wind farm - 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The European Bank for Reconstruction and Development\u2026","rel":"","context":"In "Energy"","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":623336,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/lekela-power-seeks-usd-81-4-mn-in-ebrd-funding-for-250-mw-wind-farm\/","url_meta":{"origin":600961,"position":2},"title":"Lekela Power seeks USD 81.4 mn in EBRD funding for 250 MW wind farm","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"Lekela Power is looking to borrow USD 81.4 mn from the European Bank for Reconstruction and Development (EBRD) and other parties to fund the development of its 250 MW wind farm in the Gulf of Suez, according to documents released last week by the EBRD. Through a special purpose vehicle\u2026","rel":"","context":"In "Energy"","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":601875,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/lekela-nrea-sign-land-agreement-for-usd-325-mn-250-mw-suez-wind-farm\/","url_meta":{"origin":600961,"position":3},"title":"Lekela, NREA sign land agreement for USD 325 mn, 250 MW Suez wind farm","author":"enterpriseam admin","date":"12 March 2019","format":false,"excerpt":"Actis-backed Lekela Power has signed a land usufruct agreement with the New and Renewable Energy Authority (NREA) for its USD 325 mn, 250 MW wind farm in the Gulf of Suez, according to a cabinet statement. Lekela will pay the NREA 2% of the power produced annually for its right\u2026","rel":"","context":"In "Energy"","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":648719,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/10\/lekela-power-to-sign-usd-350-mn-agreement-for-250-mw-wind-farm-in-2q207\/","url_meta":{"origin":600961,"position":4},"title":"Lekela Power to sign USD 350 mn agreement for 250 MW wind farm in 2Q207","author":"enterpriseam admin","date":"10 April 2017","format":false,"excerpt":"Lekela Power for New and Renewable Energy expects to sign with the Electricity Ministry a USD 350 mn agreement to establish a 250 MW wind farm in the Gulf of Suez in this quarter, Daily News Egypt reports. Lekela and the ministry had signed an MoU for the project two\u2026","rel":"","context":"In "Energy"","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":600961,"position":5},"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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