45905-014: PAK: FOUNDATION WIND ENERGY I AND II PROJECTS

Project Data Sheet (PDS): Overview


Description

Foundation Wind Energy I: The project involves construction, erection and operation of 50 MW of wind generation capacity, at Kutti Kun, close to the port city of Karachi. The project will sell electricity to the national grid under 20-year take-or-pay offtake contracts. The project spnsors are Fauji Foundation (30%), Fauji Fertlizer Bin Qasim Limited (35%) and Islamic Infrastructure Fund (35%). Foundation Wind Energy II: The project involves construction, erection and operation of 50 MW of wind generation capacity, at Kutti Kun, close to the port city of Karachi. The project will sell electricity to the national grid under 20-year take-or-pay offtake contracts. The project spnsors are Fauji Foundation (20%), Fauji Fertlizer Bin Qasim Limited (35%),Islamic Infrastructure Fund (25%) and Tapal Group (20%). The two project sites are very close to each other and are being jointly developed and will have the same set of EPC contractors and financiers. Read More

Country Pakistan
Borrower/Equity Investment Name FOUNDATION WIND ENERGY I LIMITED
Project Number 45905-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7348
Approval Date 08 Dec 2011
Closing Date 18 May 2024
Geographical Location Kutti Kun, Pakistan
Sector / Subsector Classification Energy
/ Renewable Energy
Thematic Classification Economic growth
Environmental sustainability
Private sector development
Safeguard Categories Environment: B
Resettlement: C
Indigenous People: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Ichiro Aoki
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 1

PDS Creation Date
16 Jun 2011

Last PDS Update
18 Sep 2013

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