Egypt/June 12, 2019/Mohamed Farag /No Comment/157 views /EgyptFeatured Siemens Gamesa approaches seizing Lekela power wind station in Ras Ghareb – Daily News Egyptshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel Siemens Gamesa has approached the acquisition of a 250MW wind power plant in Ras Ghareb for Lekela Power. Industry sources told Daily News Egypt that the technical and financial offer submitted by Siemens Gamesa is better than Senvion and Vestas. The contracts are scheduled to be signed within two months at the latest. The sources added that Lekela Power will complete its agreements with banks and financial closure of the project in August. Once that is complete, Siemens Gamesa will receive the site and begin constructions this year. ALSO READ 4 health ministry employees on trial over negligence which led to doctor’s death - Daily News EgyptFurthermore, the sources also explained that Siemens Gamesa is selecting between El Sewedy and Orascom to participate in the implementation of the Ras Ghareb wind power plant. The project is part of the government’s build, own, operate (BOO) project which is 30 km northwest of Ras Ghareb. The project’s location benefits from strong wind, providing high-capacity factors. This allows the wind plant to sell energy at a competitive price to the Egyptian Electricity Transmission Company. ALSO READ Police Kill Notorious Kidnap Ring Leader During Gun BattleFaisal Eissa, general manager of Lekela Power in Egypt said that the company had agreed with three European banking institutions to finance the project with about $245m. These included the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the Overseas Private Investment Corporation (OPIC). He explained that the total capacity of wind energy projects implemented by the company in Africa amount to 1,243 MW. This includes three wind power stations in South Africa with a total capacity of 360MW in operation, three in Senegal and South Africa of 408MW in construction, and two in Egypt and Ghana of 475MW in the final development phase. ALSO READ Akam launches 3rd phase of Scenario compound - Daily News EgyptLekela Power was founded by several shareholders, including Actis with 60%, and 40% for a consortium led by Mainstream Renewable Power, which includes investors such as the IFC and the Rockefeller Brothers Fund. Leave A Comment Below Related Tags:EgyptFeatured share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleBlanco, Earth Angels Meetnext articleUS Africa envoy heads to Sudan to mediate talks – Daily News EgyptRelated Posts459 shares Egypt/June 27, 2019 /No Comment Honeybees infect wild bumblebees through shared flowers – Daily News Egypt459 shares Egypt/June 27, 2019 /No Comment Climate change increases risk of armed conflicts – Daily News EgyptVisa B2B Connect Launches Globally – Daily News EgyptVisa General Manager for North Africa: Ahmed Gaber – Daily News EgyptE-commerce sales in Egypt grew by over 150%, mobile purchases make over 1/3 in 2018: Admitad – Daily News EgyptBMW reveals electric motorcycle, 600 hp plug-in hybrid car concepts – Daily News EgyptMoU between Egypt, Mercedes-Benz to positively impact auto sector: experts – Daily News EgyptWomen take cocaine, tromadol, other hard drugs than men in Rivers – NDLEA – Daily Post NigeriaAdeleke vs Oyetola: Shocking revelations emerge about APC leaders, Supreme Court judges – Daily Post NigeriaPDP, APC at each other’s throat over Bayelsa LG polls – Daily Post Nigeria Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.