FC for $119 million wind power venture in Pakistan

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FC for $119 million wind power venture in Pakistan

Tenaga Generasi Ltd (TGL), a subsidiary of Dawood Lawrencepur, has achieved the financial close for the 49.5 MW Khutti Kun wind farm project in Pakistan.

The total project investment is estimated at US$119 million. The project financing has been provided by International Finance Corporation (IFC), Overseas Private Investment Corporation (OPIC), HBL and Soneri Bank Limited.

General Electric will provide 31 wind turbines for the project. It will be developed in Khutti Kun, Mirpur Sakro, Thatta, and will add about 135 GWh of electricity per year into the national grid. The Engineering, Procurement, Construction (EPC) companies for the project are China Machinery Engineering Corporation for the supply of imported equipment and China East Resource Import and Export Corporation for the in-country works.

Last February we reported that a 50 MW wind power project in Jhimpir Wind Corridor located in district Thatta Sindh, Pakistan, had achieved financial closure. The total project investment is estimated at US$131 million.

It is expected that the projects will promote the use of renewable energy sources for power generation in Pakistan. As of today, wind power represents less than 1% of total generation capacity.

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