METRO POWER COMPANY LTD.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Metro Power Company Ltd is a project company established to develop, construct and operate a greenfield 50MW wind power project in the Jhimpir area, in the Gharo-Keti Bander-Hyderabad wind corridor zone, in Pakistan.
What is our funding objective?
A coastal areas close to the city of Hyderabad has been defined as a wind corridor with the potential of 30,000MW wind power capacity. This project puts that knowledge into practice.
Why do we fund this investment?
This is one of the projects developed to combat Pakistan's severe power shortages. Fossil fuel based power plants currently still provide for over 65% of the power generation. FMO sees the need to reduce Pakistan's dependency on those plants by diversifying the energy mix.
- Region
- Asia
- Country
- Pakistan
- Sector
- Energy
- Effective date
- 8/27/2015
- Total FMO financing
- USD 22.50 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+