Metro power project: 50MW project achieves financial closure
The project worth $131 million
THATTA:
Metro Power Project, a 50MW wind power project of Metro Power Company Limited located in Jhimpir, district Thatta Sindh, has achieved financial close. The project being sponsored by Iqbal Ali Mohammad & family, Infraco Asia Development Private Limited Singapore and International Finance Corporation is scheduled to commence operations in the 3rd quarter of 2016. This project worth $131 million is also financed by IFC, ETDB, National Bank, UBL, Bank Alfalah and Askari Bank. Metro Power Company CEO Danish Iqbal, on the occasion, said that they aimed to provide a positive contribution to the development of renewable energy sector in the country.
Published in The Express Tribune, February 19th, 2015.
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