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Private Power & Infrastructure Board |
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Foundation Wind Energy II (Pvt.) Limited |
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Salient Features |
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Project Company |
Foundation wind Energy II (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 |
Fauji Fertilizer Company Limited |
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Main Sponsor Shareholder |
80% |
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Other Sponsors |
Tapal Group |
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Other Sponsors Shareholder |
20% |
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Lenders |
Lenders (Foreign): Asian Development Bank (ADB) Islamic Development Bank Lenders (Local): Musharaka Financer: NBP, ABL & Meezan Bank Ltd. Project Monitoring Bank: NBP Intercreditor Agent: NBP Karachi Security Trustee: ABL Onshore Account Bank: NBP, Islamabad Offshore Account Bank: NBP, Frankfurt Branch |
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Province |
Sindh |
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Location |
Gharo , Sindh |
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Gross Capacity |
50MW |
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Net Capacity |
47.7MW |
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Configuration |
20 x 2.5 MW (Nordex-N100) WTG |
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Total Project Price (USD) |
124.907Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
93.68025Million |
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Equity Amount USD |
31.22675Million |
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Levelized Tariff |
14.1164US c/kWh Reference Exchange RAtes 86.2 PKR/USD |
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Power Purchaser |
National Transmission and Despatch Company (NTDC) |
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Term of Project |
20Years |
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EPC Contractor |
(i) Nordex Pakistan (Pvt.) Ltd., Descon Energy Ltd. (ii) Nordex Singapore Equipment (Pvt.) Ltd. (iii) Descon Integrated Services (Pvt.) Ltd. (iv) Descon Fze, UAE |
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Owner's Engineer |
Nordex Pakistan (Private) Limited, Descon Power Solutions (Private) Limited |
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Annual Availability |
29.59% |
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Annual Energy Yields |
143.700GWh Net Annual Benchmark Energy Generation 143.700 GWh |
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Important Events |
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Issuance of LOI |
22-SEP-2004 |
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Tariff Determination |
16-MAR-2012 |
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Date of issuance of LOS |
12-MAY-2012 |
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Implementation Agreement |
18-DEC-2012 GOP Guarantee 03-APR-2013 |
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Direct Implementation Agreement |
20-JAN-2013 |
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Power Purchase Agreement |
20-DEC-2012 |
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Direct Power Purchase Agreement |
01-AUG-2013 |
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Achievement of Financial Close |
03-APR-2013 |
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COD |
10-DEC-2014 |
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