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

Project Data Sheet (PDS): Overview


Description

The proposed transactions merits ADB's assistance for the following reasons: (i) ADB is providing financing to a critical power sector asset; this is a sector that does not readily have access to long-term funding; (ii) The successful implementation of the Projects is expected to foster confidence amongst potential investors and lenders and promote further private sector investment in the country s renewable energy and power sector. (iii) The presence of ADB reassures the sponsors that the... Read More

Country Pakistan
Borrower/Equity Investment Name FOUNDATION WIND ENERGY I LIMITED
Project Number 45905-014
Project Type or Modality of Assistance Private Sector Loan and Equity
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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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Ichiro Aoki
Email contact form

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 1

PDS Creation Date
16 Jun 2011

Last PDS Update
22 Mar 2013

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