Fauji Kabirwala Power Co. Ltd.
Sector: Commercial • Location: Pakistan
Source: Multilateral Investment Guarentee Agency (MIGA)
MIGA issued a guarantee of $16.1 million to El Paso Energy International Company (El Paso) of the United States for the construction and operation of a 151-megawatt gas-fired power plant in Pakistan. The project will receive debt financing from the Export Development Corporation of Canada and the Asian Development Bank. MIGA's guarantee covers the risks of transfer restriction, expropriation, and
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Participants
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Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Description
Description | MIGA issued a guarantee of $16.1 million to El Paso Energy International Company (El Paso) of the United States for the construction and operation of a 151-megawatt gas-fired power plant in Pakistan. The project will receive debt financing from the Export Development Corporation of Canada and the Asian Development Bank. MIGA's guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance. The project enterprise, Fauji Kabirwala Power Company, Ltd., will be located near in the Punjab Province and will be jointly managed by El Paso and the Fauji Foundation. The 400 local staff hired during construction and 110 permanent local staff hired for commercial operations will receive housing and extensive training. By the need for imported fuels, the project will save the country an estimated $21 million in annual foreign exchange. In addition, the project will generate approximately $1.2 million in annual tax revenues. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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