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Private Power & Infrastructure Board |
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Lucky Renewables (Private) Limited (formerly Tricom Wind Power (Private) Limited) |
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Salient Features |
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Project Company |
Lucky Renewables (Private) Limited (formerly Tricom Wind Power (Private) 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 |
Lucky Textile Mills Limited |
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Main Sponsor Shareholder |
51% |
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Other Sponsors |
Lucky Energy (Private) Limited, Mr. Muhammad Sohail Tabba, Mr. Muhammad Ali Tabba, Mr. Javed Yunus Tabba |
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Other Sponsors Shareholder |
49% |
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Lenders |
Lenders (Foreign): International Finance Corporation (IFC) Lenders (Local): Intercreditor Agent: Bank Al Habib Ltd. Offshore Account Bank: United National Bank Ltd. UK Onshore Account Bank: Bank Al Habib Ltd. Onshore Security Trustee: Bank Al Habib Ltd. Offshore Security Trustee: Bank Al Habib Ltd. Bahrain Commercial Facility Agent: Bank Al Habib Ltd. PKR Financer: Bank Al Habib Ltd. & Allied 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 |
48.6MW |
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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 |
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Levelized Tariff |
4.7824US c/kWh US cents 4.7824 (at COD 4.5594) Reference Exchange Rates 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 |
Power China huadong |
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Net Efficiency |
38% Net Capacity Factor 38% |
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Important Events |
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Issuance of LOI |
02-AUG-2015 |
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Tariff Determination |
19-NOV-2018 |
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Date of issuance of LOS |
06-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 EPA |
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Achievement of Financial Close |
18-NOV-2019 |
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COD |
1-SEP-2021 |
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