Actis, a private equity firm based in London, and Mainstream have signed an agreement to sell the Africa-focused independent power producer (IPP) Lekela to Infinity Group, an Egyptian renewable developer, and Africa Finance Corporation (AFC), a multilateral financial institution. The transaction is subject to regulatory approvals and customary closing conditions. Created in 2015, Leleka, which is owned by a joint venture between Actis (60%) and a Mainstream-led consortium named Mainstream Renewable Power Africa Holdings (40%), has a portfolio of 1 GW of fully operational wind projects, including five operational wind plants in South Africa (624 MW), one operational wind plant in Egypt (252 MW), one operational wind plant in Senegal (159 MW) as well as development opportunities in Ghana, Senegal and Egypt.
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