{"id":605305,"date":"2018-12-27T04:23:24","date_gmt":"2018-12-27T04:23:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/eetc-to-sign-final-ppa-with-lekela-power-next-month-for-250-mw-suez-wind-farm\/"},"modified":"2018-12-27T04:23:24","modified_gmt":"2018-12-27T04:23:24","slug":"eetc-to-sign-final-ppa-with-lekela-power-next-month-for-250-mw-suez-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/eetc-to-sign-final-ppa-with-lekela-power-next-month-for-250-mw-suez-wind-farm\/","title":{"rendered":"EETC to sign final PPA with Lekela Power next month for 250 MW Suez wind farm"},"content":{"rendered":"

The Egyptian Electricity Transmission Company (EETC) plans to sign next month the final power purchasing agreement with Lekela Power next month for its 250 MW wind farm in the Gulf of Suez, after Lekela secured funding for the project, according to unnamed sources<\/a>. The European Bank for Reconstruction and Development will provide USD 82 mn<\/a>, the International Finance Corporation will provide USD 81 mn, and an overseas private investment corporation will provide USD 82 mn. Lekela expects to reach financial close 3-5 months after the final funding agreements are secured.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Electricity Transmission Company (EETC) plans to sign next month the final power purchasing agreement with Lekela Power next month for its 250 MW wind farm in the Gulf of Suez, after Lekela secured funding for the project, according to unnamed sources. The European Bank for Reconstruction and Development will provide USD 82 mn, […]<\/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":[571,1284,2551,93,72,759,921,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605305","post","type-post","status-publish","format-standard","hentry","category-energy","tag-ebrd","tag-eetc","tag-egyptian-electricity-transmission-company","tag-energy","tag-enterpriseam","tag-international-finance-corporation","tag-lekela-power","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"fa10dfc6-fda5-47b6-9d8c-08d77984e56e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"EETC to sign final PPA with Lekela Power next month for 250 MW Suez wind farm","related_issue":[605278],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.50b95788-5468-483e-a61a-f16079a358c3.mp3"},"yoast_head":"\nEETC to sign final PPA with Lekela Power next month for 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\/2018\/12\/27\/eetc-to-sign-final-ppa-with-lekela-power-next-month-for-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 to sign final PPA with Lekela Power next month for 250 MW Suez wind farm\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electricity Transmission Company (EETC) plans to sign next month the final power purchasing agreement with Lekela Power next month for its 250 MW wind farm in the Gulf of Suez, after Lekela secured funding for the project, according to unnamed sources. 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Lekela, which is majority owned by Actis, is preparing to begin construction on the project,\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":605305,"position":2},"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":605305,"position":3},"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. 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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":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":605305,"position":5},"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. 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