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Private Power & Infrastructure Board |
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Lakeside Energy (Pvt.) Limited |
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Salient Features |
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Project Company |
Lakeside Energy (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 |
Naveena Exports Limited |
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Main Sponsor Shareholder |
75% |
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Other Sponsors |
Fawad Anwar |
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Other Sponsors Shareholder |
25% |
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Lenders |
Lenders (Foreign): 1. Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V Anna Van Saksenlaan 71, 2509 AB, The Hague, Netherland 2. DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH, Germany (DEG) by accession pursuant to the CTA Deed of Accession Lenders (Local) Lenders: FBL & Bank of Punjab Intercreditor Agent: FBL LCY Facility Agent: FBL Investment Agent FBL Offshore Account Bank: United National Bank Ltd. Onshore Account Bank: FBL Offshore Security Agent: UBL Onshore Security Agent: FBL |
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Province |
Sindh |
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Location |
Jhimpir Sindh |
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Gross Capacity |
50MW |
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Net Capacity |
47.9MW |
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Configuration |
25 x 2.0 MW (Gamesa G-114) WTG |
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Total Project Price (USD) |
63.906Million |
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Debt Equity Ratio |
80:20 |
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Debt Amount USD |
51.1248Million |
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Equity Amount USD |
12.7812Million Reference Exchange Rates 120 PKR/USD |
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Levelized Tariff |
4.7154US c/kWh |
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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 LTD - WARRANTY PERIOD O&M OPERATOR, SIEMENS GAMESA RENEWABLE ENERGY PRIVATE LIMITED - 11 YEARS O&M OPERATOR |
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Net Efficiency |
38% Net Capacity Factor 38% |
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Important Events |
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Issuance of LOI |
24-JUL-2015 |
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Tariff Determination |
19-NOV-2018 |
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Date of issuance of LOS |
08-NOV-2019 |
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Implementation Agreement |
12-NOV-2019 GOP Guarantee 18-Nov-2019 |
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Direct Implementation Agreement |
15-NOV-2019 |
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Power Purchase Agreement |
11-NOV-2019 |
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Direct Power Purchase Agreement |
14-NOV-2019 |
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Achievement of Financial Close |
08-NOV-2019 |
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COD |
14-APR-2022 |
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