Pakistan: PAK: FOUNDATION WIND ENERGY I AND II PROJECTS

Nonsovereign Project | 45905-014

PAK: FOUNDATION WIND ENERGY I AND II PROJECTS

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.

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 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.

Project Details

  • Project Officer
    Ahmed, Salman
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Pakistan
  • Sector
    • Energy
Project Name PAK: FOUNDATION WIND ENERGY I AND II PROJECTS
Project Number 45905-014
Borrower / Company FOUNDATION WIND ENERGY I LIMITED
FOUNDATION WIND ENERGY II LIMITED
SWEDISH INTERNATIONAL DEVELOPMENT COOPERATION AGENCY
Country / Economy Pakistan
Location
Type or Modality of Assistance
7348-001 Guarantee Ordinary capital resources USD 33.43 million Committed
7348-002 Guarantee Ordinary capital resources USD 33.18 million Committed
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Energy / Renewable energy generation - wind

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Ahmed, Salman
Project Sponsor(s) FAUJI FERTILIZER BIN QASIM
FAUJI FOUNDATION
Description

PAK: FOUNDATION WIND ENERGY I AND II PROJECTS

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.

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 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.

Objectives and Scope

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 government entities will continue to support these Projects throughout their life;

(iv) The Project will contribute toward creating employment opportunities, stimulating economic growth, and developing infrastructure.

Status of Operation/Construction FWE I and II achieved COD on 11 April 2015 and 10 December 2014, respectively. Financial close was achieved on 23 July 2013 and 3 April 2013 for FWE I and II, respectively.
Linkage to Country/Regional Strategy The project is consistent with ADB's long-term strategic framework (Strategy 2020) which emphasizes ADB's support for environmentally sustainable infrastructure projects and private sector development. ADB's support for the Project is in line with Pakistan's 2009 13 Country Partnership Strategy (CPS) and GoP's strategic emphasis on energy sector development. The Project will also help ADB to meet its commitment under the Energy Policy to undertake clean energy investments of $2 billion per year from 2013 ($1 billion per annum until then).
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The Project is unlikely to create significant environmental impacts during construction and operation, and hence classified as Category B for environment. The proposed project site is not known to be claimed, used nor owned by Indigenous Peoples communities. Also, no sites of cultural heritage are known to exist at or in the immediate vicinity of the proposed project. The Projects are proposed to be classified as Category C for involuntary resettlement and indigenous peoples.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation Stakeholder consultations were carried out as part of the IEE study. These consultations were conducted with the institutional as well as the grassroots stakeholders. The main objectives of the consultations were to: apprise the stakeholders about the proposed project activities; obtain their views, concerns and recommendations; and address/incorporate them in the project design thus enhancing the environmental and social performance of the project. The participants generally welcomed the plans to establish the proposed power plant in the area. Since the project would not directly affect them, the villagers generally did not have any apprehension or reservation about the project. On the contrary, they expected that the project would bring employment and small business/trade opportunities for the local population.
Timetable for assistance design, processing and implementation
Concept Clearance 28 Mar 2011
Credit Committee Meeting 07 Nov 2011
Approval 08 Dec 2011
PDS Creation Date 16 Jun 2011
Last PDS Update 22 Jul 2021

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.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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.


Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Foundation Wind Energy I and II Projects: Bird Monitoring Environmental and Social Monitoring Report (July-September 2021) Environmental and Social Monitoring Reports Sep 2021
Foundation Wind Energy I and II Projects: Environmental and Social Monitoring Report (July 2020-June 2021) Environmental and Social Monitoring Reports Sep 2021
Foundation Wind Energy I and II Projects: Bird Monitoring Environmental and Social Monitoring Report (April-June 2021) Environmental and Social Monitoring Reports Jun 2021
Foundation Wind Energy I and II Projects: Bird Monitoring Environmental and Social Monitoring Report (January-March 2021) Environmental and Social Monitoring Reports Mar 2021
Foundation Wind Energy I and II Projects: Bird Monitoring Environmental and Social Monitoring Report (July-September 2020) Environmental and Social Monitoring Reports Sep 2020
Foundation Wind Energy I and II Projects: Environmental and Social Monitoring Report (July 2019-June 2020) Environmental and Social Monitoring Reports Aug 2020
Foundation Wind Energy I and II Projects: Bird Monitoring Environmental and Social Monitoring Report (April-June 2020) Environmental and Social Monitoring Reports Jun 2020
Foundation Wind Energy I and II Projects: Environmental and Social Monitoring Report (July 2018-June 2019) Environmental and Social Monitoring Reports Jul 2019
Foundation Wind Energy I and II Projects: Environmental and Social Monitoring Report (July 2017-June 2018) Environmental and Social Monitoring Reports Sep 2018
Foundation Wind Energy I and II Projects: Environmental and Social Monitoring Report (July 2015-June 2016) Environmental and Social Monitoring Reports Oct 2017
Foundation Wind Energy I and II Projects: Environmental and Social Monitoring Report (July 2016-June 2017) Environmental and Social Monitoring Reports Aug 2017
Foundation Wind Energy I Project: Environmental and Social Monitoring Report (July 2014-June 2015) Environmental and Social Monitoring Reports Jun 2015
Foundation Wind Energy II Project: Environmental and Social Monitoring Report (July 2014-June 2015) Environmental and Social Monitoring Reports Jun 2015
Foundation Wind Energy Projects I and II Initial Environmental Examination Nov 2011
Foundation Wind Energy Projects I and II (Draft) Initial Environmental Examination Oct 2011

Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.