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Private Power & Infrastructure Board |
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Zorlu Enerji Pakistan Limited |
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Salient Features |
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Project Company |
Zorlu Enerji Pakistan 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 |
Zorlu Enerji Elektrik Uretium A.S. |
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Main Sponsor Shareholder |
99.9999% |
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Other Sponsors |
Olgun Zorlu, Selen Zorlu Melik, Mehmet Emre Zorlu. |
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Other Sponsors Shareholder |
0.001% 0.01%, 0.01%, 0.01%, |
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Lenders |
Lenders (Foreign): 1. Asian Development Bank 2. ECO Trade Development Bank 3. International Finance Corporation Intercreditor Agent: The Bank of New York Mellon Acting through its London Branch Offshore Security Trustee: BNY Melon Corporate Trustee Services Ltd. Offshore Account Bank: The Bank of New York Mellon acting through its London Branch Lenders (Local): Commercial Facility Financer: HBL Commercial Facility Arranger: HBL Commercial Facility Agent: HBL Onshore Security Trustee: HBL Onshore Account Bank: HBL |
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Province |
Sindh |
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Location |
JhImpir District Thattha , Sindh |
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Gross Capacity |
56.4MW |
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Net Capacity |
52.84MW |
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Configuration |
5x1.2 MW (Vensys 62) & 28 x 1.8 MW (Vestas V90) WTG |
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Total Project Price (USD) |
143.74Million |
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Debt Equity Ratio |
70:30 |
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Debt Amount USD |
100.618Million |
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Equity Amount USD |
43.122Million |
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Levelized Tariff |
13.3456US c/kWh US Cent 13.3456 /kWh Reference Exchange Rates 85.05 PKR/USD |
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1-10 Years Tariff |
13.0681US c/kWh |
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11-25 Years Tariff |
6.0207US c/kWh |
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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 |
Zorlu Endustriyel Ve Enerji Tesisleri Insaat Ticaret A.S. |
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Owner's Engineer |
Zorlu O&M Pakistan Private Limited |
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Net Efficiency |
34.4% Net Capacity Factor 34.4% |
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Annual Energy Yields |
159.010GWh Annual Benchmark Energy Generation 159.010 GWh |
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Important Events |
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Issuance of LOI |
12-MAR-2005 |
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Tariff Determination |
19-JUL-2011 |
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Date of issuance of LOS |
09-FEB-2009 |
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Implementation Agreement |
12-JAN-2012 GOP Guarantee 25-MAY-2012 |
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Direct Implementation Agreement |
11-APR-2012 |
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Power Purchase Agreement |
12-JAN-2012 EPA |
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Achievement of Financial Close |
29-MAR-2012 |
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COD |
26-JUL-2013 |
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