Mainstream Renewable Power and Actis complete sale of Lekela Power
Mainstream and Actis today announced the completion of the sale of 100 percent of the Lekela platform to Infinity Power, a joint venture between Egypt's Infinity and UAE's Masdar.
- Mainstream and Actis today announced the completion of the sale of 100 percent of the Lekela platform to Infinity Power, a joint venture between Egypt's Infinity and UAE's Masdar.
- Lekela was established in 2015 in a joint venture between Actis (60 percent), and a Mainstream-led consortium called Mainstream Renewable Power Africa Holdings ('MRPAH') (40 percent), to deliver clean, reliable energy across Africa.
- The exit reflects the successful culmination of Actis and Mainstream's partnership strategy for Lekela, following a comprehensive value creation approach.
- Citi and Clifford Chance advised Mainstream and Actis on the Lekela transaction.