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Private Power & Infrastructure Board |
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Gul Ahmed Electric Limited |
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Salient Features |
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Project Company |
Gul Ahmed Electric Ltd |
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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 |
99% |
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Other Sponsors |
Abdul Razak Teli, Nusair Siraj Teli, Danish Iqbal |
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Other Sponsors Shareholder |
1% |
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Lenders |
Lenders (Foreign): International Finance Corporation (IFC) & Deutsche Investitions- und Entwicklungsgesellschaft-DEG (German Investment Corporation) Lenders (Local): Intercreditor Agent: NBP Offshore Account Bank: NBP Onshore Account Bank: NBP Onshore Security Trustee: NBP Offshore Security Trustee: NBP, Behrain Musharakah Agent: Meezan Bank Ltd. Local Facility Financer: Meezan Bank Ltd |
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Province |
Sindh |
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Location |
Jhimpir, Thatta |
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Gross Capacity |
50MW |
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Net Capacity |
47.7MW |
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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 |
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Annual Availability |
38% Net Annual Plant Capacity Factor 38% |
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Important Events |
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Issuance of LOI |
10-JUL-2025 |
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Tariff Determination |
19-NOV-2018 |
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Date of issuance of LOS |
07-NOV-2019 |
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Implementation Agreement |
12-NOV-2019 18-NOV-2019 |
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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 |
18-NOV-2019 |
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COD |
07-APR-2022 |
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