Lekela declined to reveal details of the tariff, but projects of a similar size in Egypt have recently been offered $38.20/MWh offtake deals.
The project will be executed under a build, own and operate (BOO) framework.
Lekela plans to secure financing for the $325 million facility later this year. It will then be constructed on a turnkey basis by an engineering, procurement and construction (EPC) contractor yet to be announced.
Commissioning is slated for 2021, when the plant will boost Egypt's installed wind capacity by 14%, according to Lekela.
"Egypt is a key part of our strategy to develop 1.3GW of clean energy across Africa which will drive economic and social prosperity for its communities," Lekela’s CEO Chris Antonopoulos said.