- Abu Dhabi Future Energy Company will acquire Lekela Power.
The Independent Power Producer (IPP), Lekela Power, is set to be acquired by the UAE-based Masdar (Abu Dhabi Future Energy firm), Egypt’s Infinity Energy and its current shareholders, UK investment company Actis and Mainstream Renewable Power, a Dublin, Ireland-based renewable energy producer.
The information regarding this transaction is yet to be released. Although according to local news reports, it is projected to be worth between $900 million and $1 billion. A report from Afrik21Africa notes that the transaction, upon confirmation, would be a great deal for Masdar and Infinity.
For Lekela Power has seen net growth since its launch in 2015. The company has a portfolio of eight projects, including a 150 MW project under development in Ayitepa, Ghana.