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Private Power & Infrastructure Board |
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Meridian Energy Limited |
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Salient Features |
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Project Company |
Meridian Energy Limited |
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Policy |
RE Policy 2006 |
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Category |
Commissioned |
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Sub Category |
Other |
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Main Sponsor |
Scatec Sukhur BV |
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Main Sponsor Shareholder |
75% |
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Other Sponsors |
Nizam Energy (Pvt.) Limited Usman Ahmed Ali Ahmed |
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Other Sponsors Shareholder |
25% Nizam Energy (Pvt.) Limited 24.99% Usman Ahmed 1.42 E-06% Ali Ahmed 1.42 E-06% |
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Lenders |
i. Faysal Bank Limited ii. The Bank of Punjab iii. Pakistan Kuwait Investment Company (Private) Limited iv. Bank Islami Pakistan Limited. v. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. |
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Province |
Sindh |
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Location |
Goth Gagrwra, Saleh Pat, Sukkur |
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Gross Capacity |
50MW |
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Total Project Price (USD) |
30.342Million |
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Debt Equity Ratio |
80:20 |
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Levelized Tariff |
3.6683US c/kWh |
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1-10 Years Tariff |
4.448US c/kWh |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
25Years |
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EPC Contractor |
SCATEC Solar ASA |
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Owner's Engineer |
SCATEC Solar ASA |
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Annual Availability |
22.33% |
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Important Events |
Issuance of LOI |
30-APR-2015 |
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Tariff Determination |
21-FEB-2020 |
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Date of issuance of LOS |
18-FEB-2021 |
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Implementation Agreement |
18-FEB-2021 |
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Direct Implementation Agreement |
19-FEB-2021 |
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Power Purchase Agreement |
18-FEB-2021 EPA |
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Direct Power Purchase Agreement |
18-FEB-2021 Direct EPA |
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Achievement of Financial Close |
19-FEB-2021 |
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COD |
19-JAN-2024 |
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