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Private Power & Infrastructure Board |
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Master Green Energy Limited |
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Salient Features |
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Project Company |
Master Green Energy 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 |
NM Holding (Pvt) Limited, Nadeem Malik Holdings (Pvt) Limited Najeeb Holdings (Pvt) Limited |
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Main Sponsor Shareholder |
75% 25%, 25%, 25%, |
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Other Sponsors |
Master Textile Mills Limited, Mr. Nadeem Malik, Mr. Najeeb Malik, Mr. Shahzad Malik, |
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Other Sponsors Shareholder |
25% |
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Lenders |
Lenders (Foreign): Islamic Corporation for the Development of the Private Sector (ICD) Lenders (Local): Intercreditor Agent: Bank Al Falah Ltd. Investment Agent: Bank Al Falah Ltd. Offshore Account Bank: Bank Al Falah Ltd. Bahrain Onshore Account Bank: Bank Alfalah Ltd. Security Trustee: Bank Al Falah Ltd. First PKR Financer: Bank Al Falah Ltd. 2nd PKR Financer: Bank Al Falah Ltd. USD Financer: Bank Al Falah Behrain |
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Province |
Sindh |
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Location |
Jamshoro, Sindh |
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Gross Capacity |
50MW |
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Net Capacity |
48.75MW |
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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 |
4.7227US c/kWh US cents 4.7227 (at COD 4.4450) 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 |
Hydrochina International Engineering Company Limited Pakistan |
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Net Efficiency |
38% Net Capacity Factor 38 % |
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Important Events |
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Issuance of LOI |
01-OCT-2015 |
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Tariff Determination |
20-AUG-2018 |
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Date of issuance of LOS |
08-AUG-2019 |
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Implementation Agreement |
09-AUG-2019 GOP Guarantee 19-Aug-2019 |
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Direct Implementation Agreement |
17-AUG-2019 |
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Power Purchase Agreement |
09-AUG-2019 EPA |
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Direct Power Purchase Agreement |
17-AUG-2019 Direct EPA |
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Achievement of Financial Close |
17-AUG-2019 |
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COD |
20-AUG-2021 |
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