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Private Power & Infrastructure Board |
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Metro Power Company Limited |
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Salient Features |
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Project Company |
Metro Power Company 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 |
INFRACO AISA KEENJHAR WIND PTE LTD |
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Main Sponsor Shareholder |
35% |
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Other Sponsors |
Danish Iqbal, Saad Iqbal, Natasha Iqbal, Javed Iqbal. |
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Other Sponsors Shareholder |
65% 16.3%, 16.3%, 16.2%, 16.3%. |
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Lenders |
Lenders (Foreign): International Finance Corporation (IFC), ECO Trade & Development Bank Lenders (Local): Commercial Facility Financer: Askari Bank, Bank Alfalah, NBP & UBL Project Monitoring Bank: UBL Commercial Facility Arranger: NBP Commercial Facility Agent: NBP Intercreditor Agent: NBP Onshore Security Trustee UBL Offshore Security Trustee: UBL Onshore Account Bank: NBP Offshore Account Bank: NBP |
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Province |
Sindh |
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Location |
Jhimpir District Thattha , Sindh |
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Gross Capacity |
50MW |
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Net Capacity |
47.7MW |
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Configuration |
20 x 2.5 MW (Nordex-N100) WTG |
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Total Project Price (USD) |
125.236Million |
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Debt Equity Ratio |
75.25 |
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Debt Amount USD |
93.927Million |
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Equity Amount USD |
31.309Million |
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Levelized Tariff |
14.5236US c/kWh Reference Exchange Rate 87.75 PKR/USD |
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Power Purchaser |
National Transmission and Despatch Company (NTDC) |
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Term of Project |
20Years |
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EPC Contractor |
Descon Engineering Limited & Nordex GmbH Germany |
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Owner's Engineer |
Nordex Pakistan (Private) Limited (NPPL), Descon Engineering Limited (DH) on joint and several basis |
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Net Efficiency |
32.5% Net Capacity Factor 32.5 % |
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Important Events |
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Issuance of LOI |
13-MAR-2006 |
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Tariff Determination |
15-MAY-2012 |
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Date of issuance of LOS |
09-AUG-2012 |
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Implementation Agreement |
08-SEP-2014 GOP Guarantee 18-Feb-2015 |
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Direct Implementation Agreement |
11-NOV-2014 |
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Power Purchase Agreement |
26-FEB-2014 EPA |
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Direct Power Purchase Agreement |
15-OCT-2014 Direct EPA |
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Achievement of Financial Close |
20-FEB-2015 |
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COD |
16-SEP-2016 |
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