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Private Power & Infrastructure Board |
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FFC Energy Limited |
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Salient Features |
Project Company |
FFC 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 |
Fauji Fertilizer Company Limited |
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Main Sponsor Shareholder |
100% |
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Lenders |
Lenders: Senior: NBP, HBL, MCB Bank Ltd. ABL, FBL, Bank Alfalah Ltd. Askari Bank Ltd. BOP, NIB Bank, Pak China Investment Company Ltd. Confirmed LC Issuing Bank: MCB Un Confirmed LC Issuing Bank: MCB Confirmed LC Participating Bank: NBP, HBL, MCB, ABL, FBL, Bank Alfalah, Askari Bank Ltd. Un Confirmed LC Participating Bank: NBP, HBL, MCB, ABL, FBL, Bank Alfalah, Askari Bank Ltd. Security Trustee: NBP Monitoring Bank: HBL Agent Bank: MCB Bank |
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Province |
Sindh |
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Location |
Jhimpir District Thattha , Sindh |
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Gross Capacity |
49.5MW |
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Net Capacity |
46.85MW |
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Configuration |
33 x 1.5 MW (Nordex-S77) WTG |
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Total Project Price(USD) |
133.557Million |
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Debt Equity Ratio |
80:20 |
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Debt Amount USD |
106.8456Million |
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Equity Amount USD |
26.7114Million |
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Levelized Tariff |
16.1090US c/kWh (at COD 14.9851) Reference Exchange Rate: 85 PKR/USD |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
20Years |
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EPC Contractor |
Nordex Singapore Equipment (Pvt.) Ltd. |
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Owner's Engineer |
Nordex Singapore Service (Pvt) Ltd, Descon Engineering Limited |
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Annual Availability |
33.23% Net Annual Capacity Factor 33.23% |
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Important Events |
Issuance of LOI |
30-SEP-2005 |
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Tariff Determination |
10-AUG-2010 |
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Date of issuance of LOS |
01-DEC-2010 |
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Implementation Agreement |
18-FEB-2011 22-JUNE-2011 |
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Direct Implementation Agreement |
16-MAY-2011 |
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Power Purchase Agreement |
05-APR-2011 EPA Amendment(s) 15-MAR-2013 |
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Direct Power Purchase Agreement |
22-FEB-2012 DEPA |
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Achievement of Financial Close |
28-JUN-2011 |
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COD |
16-MAY-2013 |
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