Pan-African renewable energy generation company Lekela Power has signed a memorandum of understanding with the Egyptian Electricity Transmission Company (EETC) for the development of a 250 MW wind power station in Egypt’s Gulf of Suez area.
The development of the power station would mark Lekela Power’s third project in Egypt, following agreements signed earlier this year to develop a 50 MW solar power station and a 50 MW wind power station in the region.
Parent company Actis and Lekela Power representatives met with President Abdel Fattah el-Sisi earlier this week to discuss Actis’s current and future investment activities in Egypt and to mark Lekela Power reaching the agreement with the EETC.
“We are delighted to have agreed heads of terms for our third project in Egypt and we look forward to continuing to provide clean, safe and cost competitive energy to the Egyptian people through our wind and solar projects,” Lekela Power CEO Chris Antonopoulos said.
Launched in February, Lekela Power had over 1 100 MW of wind and solar projects under construction or due to start construction across South Africa, Egypt and Ghana.