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Private Power & Infrastructure Board |
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Sapphire Wind Power Company Limited |
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Salient Features |
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Project Company |
Sapphire Wind 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 |
Sapphire Textile Mills Limited |
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Main Sponsor Shareholder |
70% |
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Other Sponsors |
Bank Al Falah |
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Other Sponsors Shareholder |
30% |
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Lenders |
Lenders (Foreign): Overseas Private Investment Corporation, an agency of the United States of America |
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Province |
Sindh |
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Location |
Jhampir District Thattha , Sindh |
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Gross Capacity |
52.8MW |
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Net Capacity |
50.6MW |
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Configuration |
33 x 1.6 MW (GE 1.6-82.5) WTG |
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Total Project Price (USD) |
122.94Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
92.205Million |
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Equity Amount USD |
30.735Million |
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Levelized Tariff |
13.5244US c/kWh Reference Exchange Rates 97.6 PKR/USD |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
20Years |
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EPC Contractor |
Hydrochina International Engineering Company Limited |
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Owner's Engineer |
General Electric (GE) |
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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 |
10-AUG-2006 |
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Tariff Determination |
21-NOV-2013 |
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Date of issuance of LOS |
27-SEP-2012 |
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Implementation Agreement |
24-FEB-2014 GOP Guarantee 07-July 2014 1st IA Amendment 05 June 2017 |
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Direct Implementation Agreement |
20 MAY 2014 |
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Power Purchase Agreement |
20-FEB-2014 EPA EPA Amendment(s) 1st ( ) 2nd 5 May 2017 |
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Direct Power Purchase Agreement |
26-MAY-2014 Direct EPA |
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Achievement of Financial Close |
07-JUL-2014 |
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COD |
22-NOV-2015 |
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