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

Project Data Sheet (PDS): Overview

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. 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 ... Read More

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

 

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