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Actis invests $220mln for 60% equity stake in Lekela Power partnership

In the most notable deal this week, Actis is investing $2 million to take a 60% equity stake in Lekela Power, a new renewable energy business it is setting up in partnership with Mainstream, a wind and solar developer, who will be putting up the remaining 40%. The rest of the funding for the $1.9 billion company will be provided as debt by DFIs and South African Banks.

Read more at Financial Times…

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