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Energy Finance & Investment News in Pakistan

IPPToday #94: US$1.5 B financing signed for 1320 MW coal-fired power in Pakistan

IPPToday #94: US$1.5 B financing signed for 1320 MW coal-fired power in Pakistan

🕔Nov 8, 2017

China Power Hub Generation Company's 1,320 MW coal power plant in Pakistan has secured US$1.5 billion financing with a consortium of Chinese banks, being led by China Development Bank and Exim Bank of China.

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IPPToday #17: K-Electric unveils plan for 900 MW power project

IPPToday #17: K-Electric unveils plan for 900 MW power project

🕔Jul 17, 2017

K-Electric has unveiled the plan for the development of a 900 MW power project that will significantly increase generation capacity and play a critical role in further supporting the energy needs of Karachi, Pakistan.

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SK-E&C to develop 545-MW hydro project in Pakistan

SK-E&C to develop 545-MW hydro project in Pakistan

🕔Jun 12, 2017

Khyber Pakhtunkhwa's government (Pakistan) has decided to carry out the 545-MW Kaiga Hydro project at Kandia valley in Kohistan.

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IFC supports largest wind power plant in Pakistan

IFC supports largest wind power plant in Pakistan

🕔May 17, 2017

IFC, a member of the World Bank Group, is providing US$66 million, and mobilizing a further US$172 million, in a landmark transaction to help build Pakistan’s largest wind power farm, to address severe energy shortages and boost the development of renewable energy. 
 

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WAPDA awards 243-MW Warsak hydropower plant in Pakistan

WAPDA awards 243-MW Warsak hydropower plant in Pakistan

🕔Apr 20, 2017

The Pakistan Water and Power Development Authority (WAPDA) awarded the contract of consultancy services worth PKR868 million (US$8.23 million) through an international competitive bidding for 2nd Rehabilitation of Warsak Hydroelectric Power Station to a Joint Venture comprising four firms led by Dolsar from Turkey.

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Pakistan secures financing for 4320 MW Dasu hydropower project

Pakistan secures financing for 4320 MW Dasu hydropower project

🕔Apr 5, 2017

Pakistan Water and Power Development Authority secured PKR144 billion (US$1.36 billion) for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank Limited.

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China Three Gorges reaches FC on 720 MW hydro project in Pakistan

China Three Gorges reaches FC on 720 MW hydro project in Pakistan

🕔Mar 17, 2017

Karot Power, which includes China Three Gorges-subsidiary Three Gorges South Asia Investment and Associated Technologies of Pakistan, has achieved financial close for the 720 MW Karot Hydroelectric project​.

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K-Electric signs PPA for 50 MW PV plant in Pakistan

K-Electric signs PPA for 50 MW PV plant in Pakistan

🕔Feb 24, 2017

K-Electric has signed a 25-year Power Purchase Agreement (PPA) for a 50 MW solar power project with Oursun Pakistan.

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World Bank agrees to fund three hydro projects in Pakistan

World Bank agrees to fund three hydro projects in Pakistan

🕔Jan 12, 2017

The World Bank has given the Khyber-Pakhtunkwa government a positive response for funding three hydropower projects totaling 179 MW.

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870 MW Suki Kinari hydropower project achieves financial close

870 MW Suki Kinari hydropower project achieves financial close

🕔Jan 11, 2017

The Governent of Pakistan has announced the financial close of the Suki Kinari hydropower project, which is the first hydro IPP under China-Pakistan Economic Corridor (CPEC) framework. 

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Shanghai Electric to pay $1.8 Bn for stake in Pakistan’s K-Electric

Shanghai Electric to pay $1.8 Bn for stake in Pakistan’s K-Electric

🕔Dec 1, 2016

Abraaj Group has agreed to sell its majority stake in Pakistan's K-Electric (KE) to Shanghai Electric Power Co (SEP) for US$1.8 billion.

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ADB gives $75 million loan to finance Pakistan’s largest wind energy farm

ADB gives $75 million loan to finance Pakistan’s largest wind energy farm

🕔Nov 9, 2016

The Asian Development Bank (ADB) has approved a US$75 million loan with Triconboston Consulting Corporation (TBCC) to support the development of the largest wind farm in Pakistan. 

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KHNP to develop 350-MW Athhmuqam hydropower plant

KHNP to develop 350-MW Athhmuqam hydropower plant

🕔Oct 11, 2016

Korea Hydro and Nuclear Power (KHNP) has won the build-operate-transfer contract from Pakistan’s Private Power and Infrastructure Board for the 350 MW Athmuqam hydroelectric power plant in the country.

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Pakistan signs agreement for development, operation of 720-MW Karot hydroelectric plant

Pakistan signs agreement for development, operation of 720-MW Karot hydroelectric plant

🕔Sep 20, 2016

Karot Power Co. Ltd. and Pakistan's Private Power and Infrastructure Board have signed an agreement for the development of the the 720-MW Karot hydropower plant.

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Agreement signed for $1.9B Pakistani hydropower project

Agreement signed for $1.9B Pakistani hydropower project

🕔Sep 1, 2016

Pakistan’s Khyber Pakhtunkhwa government has signed an agreement with SK Hydro and Industrial & Commercial Bank of China to develop the 870 MW Suki Kinari hydropower project on Kaghan Valley in Mansehra District of the Khyber Pakhtunkwa Province.

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Pakistan issues guarantee for mega power project

Pakistan issues guarantee for mega power project

🕔Apr 14, 2016

The government of Pakistan has issued guarantee to Engro Power­gen Thar Ltd (EPTL) to formally recognise financial close for the 660 MW Thar Engro power station.

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Engro Corporation closes financing for LNG facility at Port Qasim in Pakistan

Engro Corporation closes financing for LNG facility at Port Qasim in Pakistan

🕔Mar 23, 2016

Global law firm White & Case LLP has advised International Finance Corporation (IFC), Asian Development Bank (ADB) and a syndicate of local banks on the project financing of a 4.5 MTPA LNG facility at Port Qasim, near Karachi, Pakistan.

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Pakistan launches tender process to develop 660MW Jamshoro power plant

Pakistan launches tender process to develop 660MW Jamshoro power plant

🕔Oct 15, 2015

The Government of Pakistan has launched a tender process to the 660 MW gross Jamshoro Coal Power Plant Project.

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Financial close for Pakistan’s coal-fired power project achieved

Financial close for Pakistan’s coal-fired power project achieved

🕔Sep 4, 2015

Sindh Engro Coal Mining Company (SECMC) achieved financial close for Pakistan's first local coal-fired project of 660MW to be established with the help of federal government during the month of August.

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China Three Gorges seeks IFC financing for hydropower project in Pakistan

China Three Gorges seeks IFC financing for hydropower project in Pakistan

🕔Aug 26, 2015

China Three Gorges Corporation is seeking IFC financing for the 720-MW Karot hydropower plant in Pakistan. The proposed IFC investment is for up to US$100 million A Loan for IFC’s own account.

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