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Private Power & Infrastructure Board |
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ACT 2 Wind (Pvt.) Limited |
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Salient Features |
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Project Company |
ACT 2 Wind (Pvt.) 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 |
Ahmed Muhammad |
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Main Sponsor Shareholder |
20% |
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Other Sponsors |
Mustafa Tapal, Adnaan Tapal, Danish Tapal, Asad Iqbal, Perwaiz Khurshid Akhtar, Abdullah Akhtar, Javed Akhtar, Farooq Javed, Mansoor Akhtar, Zeeshan Mansoor, Zain Mansoor, Jahangir Akhtar Bilal Jahangir |
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Other Sponsors Shareholder |
80% 7.73333333333333%, 3.86666666666667%, 0.0333333333333333%, 1.16666666666667%, 1.16666666666667%, 1.76666666666667%, 1.73333333333333%, 1.16666666666667%, 1.16666666666667%, 1.16666666666667%, 1.76666666666667%, 1.73333333333333%, |
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Lenders |
Lenders (Foreign): International Finance Corporation (IFC) Parallel Lender: Deutsche Investitions- und Entwicklungsgesellschaft - DEG (German Investment Corporation) Lenders (Local): Local Facility Financer: Bank Al Habib Ltd. Intercreditor Agent: Bank Al Habib Ltd. Commercial Facility Agent: Bank Al Habib Ltd. Offshore Account Bank: NBP Onshore Accoun Bank: Bank Al Habib Ltd. Offshore Security Trustee: Bank Al Habib Behrain Onshore Security Trustee: Bank Al Habib Ltd. |
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Province |
Sindh |
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Location |
Jhimpir |
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Gross Capacity |
50MW |
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Net Capacity |
47.7MW |
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Configuration |
20 x 2.5MW (Gold Wind GW-121) WTG |
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Total Project Price (USD) |
62.952Million |
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Debt Equity Ratio |
80:20 |
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Debt Amount USD |
50.3616Million |
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Equity Amount USD |
12.5904Million |
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Levelized Tariff |
12.5904US c/kWh Exchange Rates 120 PKR/USD |
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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 |
Power China Huadong |
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Owner's Engineer |
Hydrochina International Engineering Company Limited |
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Net Efficiency |
37.1% Net Capacity Factor: 37.1 % |
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Important Events |
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Issuance of LOI |
20-OCT-2015 |
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Tariff Determination |
19-NOV-2018 |
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Date of issuance of LOS |
07-NOV-2019 |
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Implementation Agreement |
12-NOV-2019 GOP Guarantee 18-Nov-2019 |
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Power Purchase Agreement |
11-NOV-2019 EPA |
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Direct Power Purchase Agreement |
14-NOV-2019 Direct EPA |
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Achievement of Financial Close |
18-NOV-2019 |
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COD |
27-FEB-2022 |
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