Private Power & Infrastructure Board
Ministry of Energy (Power Division)
Government of Pakistan

Indus Wind Energy Limited

 Salient Features

 

 

Project Company

Indus Wind Energy Limited

Policy

RE Policy 2006

Category

Commissioned

Sub Category

Other

Main Sponsor

Indus Dyeing & Manufacturing Co. Ltd (226,031,193 shares)

Main Sponsor Shareholder

100%

Other Sponsors

Nominee shares to Directors (8 shares, 1 each)

Other Sponsors Shareholder

0%

Lenders

Lenders (Local): PKR Financers: HBL, Askari Bank Limted, Soneri Bank Limietd Onshore Account Bank: HBL Offshore Account Bank: HBL UK Rupee Facility Agent: HBL Facility Agent: HBL Onshore Security Trustee: HBL Offshore Security Trustee: HBL UK

Province

Sindh

Location

Jhimpir, Sindh

Gross Capacity

50MW

Net Capacity

47.9MW

Configuration

25 x 2.0 MW (GE 116-2.0) WTG

Total Project Price (USD)

64.072Million

Debt Equity Ratio

80:20

Debt Amount USD

51.2575Million

Equity Amount USD

12.8144Million

Levelized Tariff

4.7931US 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 Engineer Company Limited Pakistan (WP O&M 2 years), General Electric International Inc. (LT O&M 11 Years)

Net Efficiency

38% Net Capacity Factor 38%

 Important Events

 

 

Issuance of LOI

28-AUG-2015

Tariff Determination

19-NOV-2018

Date of issuance of LOS

08-NOV-2019

Implementation Agreement

12-NOV-2019 GOP Guarantee 18-Nov-2019

Direct Implementation Agreement

15-NOV-2019

Power Purchase Agreement

11-NOV-2019 EPA

Direct Power Purchase Agreement

14-NOV-2019 Direct EPA