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Private Power & Infrastructure Board |
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Artistic Wind Power (Pvt.) Limited |
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Salient Features |
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Project Company |
Artistic Wind Power (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 |
Artistic Milliners (Private) Limited |
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Main Sponsor Shareholder |
100% |
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Other Sponsors Shareholder |
0% |
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Lenders |
Lenders (Foreign): International Finance Corporation, USA Lenders (Local): Lenders (Local) Local Facility Financer: Bank Al Habib Ltd. Meezan Bank Ltd. Intercreditor Agent: Bank Al Habib Ltd. Offshore Account Bank: United National Bank Limited (trading as UBL UK) Onshore Account Bank: Bank Al Habib Ltd. Offshore Security Trustee: Bank Al Habib Ltd. Bahrain Onshore Security Trustee: Bank Al Habib Ltd. Musharaka Agent: Meezan Bank 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 |
47.9MW |
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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 |
4.7212US c/kWh Reference Exchange Rate 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, Pakistan |
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Net Efficiency |
37.5% Net Capacity Factor 37.5% |
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Important Events |
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Issuance of LOI |
15-SEP-2015 |
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Tariff Determination |
19-NOV-2018 |
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Date of issuance of LOS |
08-NOV-2019 |
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Implementation Agreement |
12-NOV-2019 26-DEC-2016 |
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Direct Implementation Agreement |
15-NOV2019 |
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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 |
08-NOV-2019 |
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COD |
16-FEB-2022 |
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