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Private Power & Infrastructure Board |
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Gul Ahmed Wind Power Limited |
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Salient Features |
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Project Company |
Gul Ahmed Wind Power 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 |
Gul Ahmed Energy Limited |
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Main Sponsor Shareholder |
55.1% |
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Other Sponsors |
Infraco Asia Indus Wind Pte Ltd, International Finance Corporation |
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Other Sponsors Shareholder |
44.9% 35%: 9.9%: |
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Lenders |
Lenders (Foreign): International Finance Corporation (IFC) Societe de Promotion et de Participation pour la Cooperation Economique S.A Lenders (Local): Commercial Facility Financer: Bank Alfalah, NBP & UBL Project Monitoring Bank: NBP Commercial Facility Arranger: UBL Commercial Facility Agent: UBL Intercreditor Agent: UBL LCY Issuing Bank: UBL Onshore and Offshore Security Trustee: NBP Onshore and Offshore Account Bank: UBL |
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Province |
Sindh |
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Location |
Jhimpir District Thattha, 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) |
141.81Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
106.3575Million |
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Equity Amount USD |
35.4525Million |
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Levelized Tariff |
15.1088US c/kWh Reference Exchange Rate 97.6 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 |
Descon Engineering Limited & Nordex GmbH Germany |
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Owner's Engineer |
Nordex Pakistan Private Limited (NPPL), Descon Engineering Limited (DEL) on joint and several basis |
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Annual Availability |
32.2% Net Capacity Factor 32.2% |
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Important Events |
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Issuance of LOI |
13-MAY-2006 |
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Tariff Determination |
23-APR-2014 |
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Date of issuance of LOS |
09-AUG-2012 |
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Implementation Agreement |
23-AUG-2015 GOP Guarantee 27-MAR-2015 |
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Direct Implementation Agreement |
11-MAR-2015 |
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Power Purchase Agreement |
30-DEC-2014 |
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Direct Power Purchase Agreement |
19-MAR-2015 |
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Achievement of Financial Close |
27-MAR-2015 |
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COD |
18-OCT-2016 |
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