Lekela wind power project, Egypt
Name of the Project
Lekela wind power project.
Location
The project is located in Egypt’s Gulf of Suez area.
Client
Lekela Egypt Wind Power, a subsidiary of Lekela Power, is majority-owned by Actis (60%) and a consortium led by Mainstream Renewable Power, which includes investors such as the International Finance Corporation and the Rockefeller Brothers Fund (40%).
Project Description
The project comprises seventy-three 3.6 MW turbines, with a tower hub height of 63 m and rotor diameter of 114 m, a substation and a network of site access roads.
The project is expected to generate an average of 1 120 GWh/y for sale to the Egyptian Electricity Transmission Company under a 20-year power purchase agreement.
Potential Job Creation
About 300 workers are expected to be required during the anticipated 24-month construction phase.
Value
The project will require an investment of about $325-million.
Duration
The project is expected to be completed in 24 months.
Latest Developments
Financial close is expected in the first half of 2019.
Key Contracts and Suppliers
Senvion (engineering, procurement and construction and the equipment operations and maintenance contractor).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Lekela Power project finance, Chad Canfield, tel +44 203 146 3522 email Chad.Canfield@lekela.com.
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