|
Private Power & Infrastructure Board |
||
|
DIN Energy Limited |
||
|
Salient Features |
|
|
|
Project Company |
DIN Energy Ltd |
|
|
Policy |
RE Policy 2006 |
|
|
Category |
Commissioned |
|
|
Sub Category |
Other |
|
|
Main Sponsor |
Din Corporation (Pvt) Ltd. & Din Ventures (Pvt.) Ltd. |
|
|
Main Sponsor Shareholder |
31.6% |
|
|
Other Sponsors |
Farhad Shaikh Mohammad, Fawad Jawed, Shaikh Mohammad Pervez, Ghazala Pervez, Din Industries Management (Pvt.) Ltd & Irfan Muneer |
|
|
Other Sponsors Shareholder |
69.4% 0.001%, 0.001%, 15.833%, 15.833%, 4.999%, 0.001% |
|
|
Lenders |
Lenders (Foreign): International Finance Corporation (IFC) Lenders (Local): Local Facility Financer: Meezan Bank Ltd & Bank Alfalah Ltd. Intercreditor Agent: Bank Alfalah Ltd. Offshore Bank Account: United National Bank Ltd. UK Onshore Account Bank: Meezan Bank Ltd. Offshore Security Trustee: Bank Alfalah Ltd. Onshore Security Trustee: Bank Alfalah Ltd. Musharakah Agent: Meezan Bank Ltd. |
|
|
Province |
Sindh |
|
|
Location |
Jhimpir, Thatta |
|
|
Gross Capacity |
50MW |
|
|
Net Capacity |
47.9MW |
|
|
Configuration |
25 x 2.0 MW (Gamesa G-114) WTG |
|
|
Total Project Price (USD) |
63.906Million |
|
|
Debt Equity Ratio |
80:20 |
|
|
Debt Amount USD |
51.1248Million |
|
|
Equity Amount USD |
12.7812Million |
|
|
Levelized Tariff |
4.7824US c/kWh Reference Exchange Rates 120 PKR/USD |
|
|
Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
|
|
Term of Project |
25Years |
|
|
EPC Contractor |
Power China huadong |
|
|
Owner's Engineer |
Hydrochina International Engineering Company Ltd - Warranty Period O&M Operator, Siemens Gamesa Renewable Energy Private Limited - 11 Years O&M Operator |
|
|
Net Efficiency |
38% Net Annual Capacity Factor 38% |
|
|
Important Events |
|
|
|
Issuance of LOI |
24-JUL-2015 |
|
|
Tariff Determination |
19-NOV-2018 |
|
|
Date of issuance of LOS |
08-NOV-2019 |
|
|
Implementation Agreement |
12-NOV-2019 18-NOV-2019 |
|
|
Direct Implementation Agreement |
15-NOV-2019 |
|
|
Power Purchase Agreement |
11-NOV-2019 |
|
|
Direct Power Purchase Agreement |
14-NOV-2019 DEPA |
|
|
Achievement of Financial Close |
18-NOV-2019 |
|
|
COD |
27-MAR-2022 |
|