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Africa s Top Renewable Firm May Raise $4 Billion After Takeover

Africa s Top Renewable Firm May Raise $4 Billion After Takeover
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NRG Matters — Algeria resumes works on hydrocracker facility; Egypt to help ease European gas crisis; Infinity Group to acquire Lekela Power

RIYADH: Sonatrach, Algeria’s national oil and gas company, has relaunched the construction of its hydrocracker facility with an estimated budget of $3 billion, according to a MEED report. Located in the country’s Skikda province, the facility will be executed under the engineering, procurement and construction model. “This project is in its early stages. Around 10 EPC

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Infinity Group, Africa Finance Corporation to acquire Lekela Power

Infinity Group and Africa Finance Corporation (AFC) have concluded plans to buy Lekela Power in Africa’s biggest renewable energy deal.

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