ACT II Wind
Sector: Water Supply and Storage • Location: Pakistan
Source: International Finance Corporation (IFC)
IFC is considering providing funds to ACT II Wind (Private) Limited (ACT II), a special purpose vehicle (SPV) incorporated under the laws of Pakistan. ACT II is wholly owned by 22 individuals representing a consortium of three prominent business groups in Pakistan: (i) Akhtar Group, (ii) Ismail Group, and (iii) Tapal Group (ACT Group). IFC is considering investing up to US$12.4 million in the
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | IFC is considering providing funds to ACT II Wind (Private) Limited (ACT II), a special purpose vehicle (SPV) incorporated under the laws of Pakistan. ACT II is wholly owned by 22 individuals representing a consortium of three prominent business groups in Pakistan: (i) Akhtar Group, (ii) Ismail Group, and (iii) Tapal Group (ACT Group). IFC is considering investing up to US$12.4 million in the form of an A Loan and is mobilizing up to US$37.1 million equivalent in the form of parallel loans. The project to be funded will involve the construction, operation and maintenance of a greenfield 50 MW wind farm on a Build-Own-Operate basis in Jhimpir District, Thatta, about 100 km north east of Karachi in Sindh Province, Pakistan. The project will sell electricity to the Central Power Purchasing Agency under a 25-year agreement. The project will involve installation of 20 Goldwind 2.5 MW turbines that will be arranged in two rows. Each turbine will have a hub height of 90 m and a blade diameter of 121 m. The project site falls within the Gharo-Jhimpir wind corridor, which is located in the southwest of Sindh province and comprises two clusters of wind resource areas: Gharo, which is located near to the coast and the inland Jhimpir Wind Farm Region (JWR) located in the district of Thatta with, an approximate area of 157 km2. Further information on other wind farms and potential for cumulative effects is presented in the PS 1 section below. The Government of Sindh has leased 130 ha (320 acres) of uninhabited government land to ACT II Wind on a 30-year basis. The landscape in the area is semi-arid and sparsely populated, with a few isolated villages located in the general vicinity but none within, or immediately next to, the project boundary. As a result, the project footprint avoids any need for resettlement and minimizes risks from shadow flicker or operational noise-related nuisance to local community members. There are no sensitive receptors within 3 km of the ACT II site. The company will develop internal access roads to service the turbines within the project site which will link to an access road system already established to serve other wind farms in the vicinity. Once built, the turbines and sub-station land will be fenced off to enhance safety and security; the rest of the site will remain open to local communities for periodic grazing activities. Construction works will be carried out by Chinese EPC HydroChina, comprising a combination of PowerChina, Hydrochina International Engineering Company and Hangzhou Huachen Electric Power Control Company. HydroChina will also perform the role of Operations and Maintenance (O&M) contractor will for the first two years together with turbine supplier Goldwind, after which a new O&M contractor will be appointed. It is expected that construction work will begin in 2020 and that the wind farm will take around 15 months to complete. Wind turbines will be connected to a 132-kV high voltage switchyard in the power plant via a 22 kV underground electrical collection system. Electricity from the project will be transmitted from this switchyard to a National Transmission and Dispatch Company Limited (NTDC) transmission line that will serve multiple projects and be built by NTDC. The transmission line is not considered as an associated facility under Performance Standard 1 as it will be a shared line serving multiple (sixteen) other wind farm projects, of which IFC will be supporting six. Given the sparse population of the project area and the lack of significant biodiversity risks (refer to PS 6 section below), major E&S risks are not foreseen for the transmission line. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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