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ADB likely to approve $65 mln for two wind energy projects

Posted on 11 November 2011

The Asian Development Bank (ADB) is expected to approve a $65 million loan for a private sector consortium, including Fauji Foundation, for developing two wind power projects to generate 100 megawatt electricity.
The project document states that this project will sell electricity to the national grid under 20-year take-or-pay off take contracts. The project sponsors are Fauji Foundation (30 percent), Fauji Fertlizer Bin Qasim Limited (35 percent) and Islamic Infrastructure Fund (35 percent)………………………………………..Full Article: Source

 
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