|
Private Power & Infrastructure Board |
||
|
Artistic Energy (Pvt.) Limited (Formerly Hartford Alternative Energy Pvt. Limited) |
||
|
Salient Features |
|
|
|
Project Company |
Artistic Energy (Pvt.) Ltd. (Formerly Hartford Alternative Energy Pvt. Limited) |
|
|
Policy |
RE Policy 2006 |
|
|
Category |
Commissioned |
|
|
Sub Category |
Other |
|
|
Main Sponsor |
Artistic Milliners (Private) Limited |
|
|
Main Sponsor Shareholder |
100% |
|
|
Lenders |
Lenders (Local) SBP scheme: Bank Al Habib Ltd, Meezan Bank Ltd, Faysal Bank Ltd, Habib Metropolitan Bank |
|
|
Province |
Sindh |
|
|
Location |
Jhimpir, Thatta, Sindh |
|
|
Gross Capacity |
49.3MW |
|
|
Net Capacity |
47.2MW |
|
|
Configuration |
29 x 1.7 MW (GE 1.7-103.5) WTG |
|
|
Total Project Price (USD) |
114.39Million |
|
|
Debt Equity Ratio |
75:25 |
|
|
Debt Amount USD |
85.7925Million |
|
|
Equity Amount USD |
28.5975Million |
|
|
Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
|
|
Term of Project |
20Years |
|
|
EPC Contractor |
Hydrochina International Engineering Company Limited |
|
|
Owner's Engineer |
Hydrochina International Engineering Company Limited |
|
|
Net Efficiency |
37.5% Net Capacity Factor 37.5% |
|
|
Important Events |
|
|
|
Issuance of LOI |
13-JUL-2012 |
|
|
Tariff Determination |
31-MAR-2016 |
|
|
Date of issuance of LOS |
09-MAY-2016 |
|
|
Implementation Agreement |
09-DEC-2016 GOP Guarantee 09-DEC-2016 |
|
|
Direct Implementation Agreement |
09-DEC-2016 |
|
|
Power Purchase Agreement |
14-NOV-2016 EPA |
|
|
Achievement of Financial Close |
26-DEC-2016 |
|
|
COD |
16-MAR-2018 |
|