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Private Power & Infrastructure Board |
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Zephyr Power (Pvt.) Limited |
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Salient Features |
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Project Company |
Zephyr Power (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 |
CDC Pakistan Power Projects Ltd |
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Main Sponsor Shareholder |
46.72% |
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Other Sponsors |
Sadek Nissar Dossa, Kumayl Khaleeli, Danish Iqbal, Saad Iqbal, Natasha Iqbal, Jawaid Iqbal, Maryam Khaleeli, Nadia Zafar, Zia Khaleeli, Hunain Khaleeli, Zainab Khaleeli. |
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Other Sponsors Shareholder |
54.38% 13.08%, 8.02%, 5.23%, 5.23%, 5.23%, 5.23%, 3.51%, 3.4%, 1.45%, 1.44%, 1.44%, |
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Lenders |
Lenders (Foreign): 1. Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V 2.CDC Group PLC 3.Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V (as arranger) Lenders (Local): Facility Agent: UBL Rupee Facility Agent: UBL Onshore Security Agent: UBL Offshore Security Agent: UBL Onshore Account Bank: UBL Offshore Account Bank: UBL Doing Business as United Bank UK |
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Province |
Sindh |
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Location |
Gharo, Sindh |
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Gross Capacity |
50MW |
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Net Capacity |
48.25MW |
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Configuration |
25 x 2.0 MW (Gamesa G-114) WTG |
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Total Project Price (USD) |
110.13Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
82.5975Million |
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Equity Amount USD |
27.5325Million |
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Levelized Tariff |
11.4629US c/kWh US Cent 11.4629 (at COD 11.7609) Reference Exchange Rates 101.5 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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Owner's Engineer |
Siemens Gamesa Renewable Energy Technology (China) Co. Ltd |
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Net Efficiency |
35% Net Capacity Factor 35% |
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Important Events |
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Issuance of LOI |
17-FEB-2015 |
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Tariff Determination |
13-MAY-2016 |
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Date of issuance of LOS |
12-AUG-2016 |
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Implementation Agreement |
04-MAY-2017 GOP Guarantee 10-MAY-2017 |
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Direct Implementation Agreement |
04-MAY-2017 |
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Power Purchase Agreement |
13-APR-2017 EPA |
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Achievement of Financial Close |
10-MAY-2017 |
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COD |
27-MAR-2019 |
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