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Private Power & Infrastructure Board |
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Nasda Green Energy (Pvt.) Limited |
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Salient Features |
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Project Company |
Nasda Green 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 |
Shahid Rashid Soorty |
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Main Sponsor Shareholder |
90.33% |
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Other Sponsors |
Asad Shahid Soorty, Nargis Shahid Soorty |
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Other Sponsors Shareholder |
9.77% 9%, 0.67% |
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Lenders |
Lenders (Foreign): Mandated Lead Arranger: Islamic Corporation for the Development of the Private Sector (ICD) KSA Original ICD Financer: Islamic Corporation of the Development of Private Sector, KSA Lenders (Local): Mandated Lead Arranger: Meezan Bank Ltd. Original Musharakah Financer (Refinancer)" Meezan Bank Ltd. Original Musharakah Financer Commercial: Meezan Bank Ltd. Musharakah Agent (Refinance): Meezan Bank Ltd. Musharakah Agent Commercial: Meezan Bank Ltd Intercreditor Agent: Meezan Bank Ltd. Offshore Account Bank: Bank Al Habib Ltd. Behrain Onshore Account Bank: Meezan Bank Ltd. Onshore Security Trustee: Meezan Bank Ltd. & Bank Al Habib Ltd. through its wholesale branch, Bahrain |
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Province |
Sindh |
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Location |
Jhimpir |
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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 |
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Levelized Tariff |
4.719US c/kWh Reference Exchange Rate 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 |
30-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 EPA |
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Direct Power Purchase Agreement |
14-NOV-2019 Direct EPA |
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Achievement of Financial Close |
18-NOV-2019 |
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COD |
02-MAY-2022 |
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