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Wednesday, 11 May 2016

Lekela Power to 50 MW construct solar plant in Banban worth USD 90 mn

Lekela Power will begin constructing a solar energy plant with a capacity of 50 MW in Banban at an investment value of USD 90 mn, CEO Chris Antonopoulos said during the conference, according to DNE. Construction will begin in October and is expected to be completed after nine months. Two wind farms will be built in the Gulf of Suez under the feed-in tariff scheme. The first, which has a capacity of 50 MW and an investment cost of USD 80 mn, will be completed in 2017. The second will have a capacity 250 MW and an investment cost of USD 350 mn and should be done by 2018.

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