Published: 26 February 2020 26 February 2020
Lekela has held a groundbreaking ceremony that marks the start of construction of its 250 MW West Bakr wind farm in Ras-Ghareb. Located 30 kilometers north-west of Ras Ghareb, West Bakr Wind is a part of the Government’s Build, Own, Operate (BOO) scheme. It will provide an additional 250 MW of clean energy to the grid.
The Power Purchase Agreement, Network Connection Contract with the Egyptian Electricity Transmission Company (EETC) and Usufruct Agreement with the New and Renewable Energy Authority were all signed
in February and March 2019, shortly after the project received Cabinet approval. Financing has been provided by DFC (formerly OPIC), the US Government’s Development Finance Corporation, the International Finance Corporation (IFC), a member of the World Bank Group and the European Bank for Reconstruction and Development (EBRD). Siemens Gamesa Renewable Energy will install 96 of their SG 2.6-114 turbines through a turnkey EPC contract and will provide long term maintenance services through a 15-year Long Term Services Agreement.