Actis studies expanding in more Egyptian renewable energy sector

Private equity firm Actis is willing to expand its investments in the Egyptian renewable energy sector, Egypt’s Investment Minister Dalia Khorshed said on Friday.

During meeting with Minister Khorshed in Cairo on Friday, Acts officials asserted that Egypt is one of the world’s most important emerging markets.

The London-based Actis currently manages US$6.6 billion in assets, operating through 12 offices globally.

Earlier in November, Lekela Power, a joint venture company between Mainstream Renewable Power and Actis, announced its third renewable energy project in Egypt. Lekela Power said it would set up a 250 MW wind energy project in Egypt which takes the company’s total project pipeline in Africa to 1.1 GW.