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Private Power & Infrastructure Board |
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Tenaga Generasi Limited |
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Salient Features |
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Project Company |
Tenaga Generasi 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 |
Artistic Milliners (Private) Limited |
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Main Sponsor Shareholder |
100% |
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Lenders |
Lenders (Foreign) International Finance Corporation (IFC) Overseas Private Investment Corporation an agency of the United States of America Lenders (Local) Commercial Facility Financier: HBL & Soneri Bank Ltd. Commercial Facility Arranger: HBL Commercial Facility Agent: HBL Intercreditor Agent: Citi Bank International Ltd. LCY Issuing Bank: Bank Al Habib Ltd. Onshore Security Trustee: Citi Bank N.A. Karachi branch Offshore Security Trustee: Citi Bank N.A London Onshore Account Bank: Citi Bank N.A Karachi Offshore Account Bank: Citi Bank N.A. acting through its London branch |
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Province |
Sindh |
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Location |
Gharo, Sindh |
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Gross Capacity |
49.5MW |
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Net Capacity |
47.2MW |
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Configuration |
30 x 1.6 MW (GE 1.6-xle) & 1 x1.5 MW (GE 1.5-xle) WTG |
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Total Project Price (USD) |
124.96Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
93.72Million |
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Equity Amount USD |
31.24Million |
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Levelized Tariff |
14.3166US c/kWh 97.6 |
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Term of Project |
20Years |
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EPC Contractor |
China Machinery Engineering Corporation |
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Owner's Engineer |
Engro Energy Services Limited |
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Important Events |
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Issuance of LOI |
20-SEP-2004 |
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Tariff Determination |
23-APR-2014 |
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Date of issuance of LOS |
04-SEP-2012 |
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Implementation Agreement |
27-JAN-2015 (GOP) Guarantee 27-MAR-2015 |
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Direct Implementation Agreement |
25-MAR-2015 |
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Power Purchase Agreement |
29-DEC-2014 EPA |
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Direct Power Purchase Agreement |
31-MAR-2015 Direct EPA |
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Achievement of Financial Close |
27-MAR-2015 |
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COD |
11-OCT-2016 |
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