According to the bank website, "This summary covers (i) equity investments by Ghazanfar Neft & Gas DMCC (Ghazanfar) of the United Arab Emirates and METKA Power Investments Limited (METKA) of Cyprus and (ii) non-shareholder loans and future interests by Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) of Germany into Afghanistan Power Plant Limited (the project enterprise). MIGA has been requested to provide 15-year guarantees to Ghazanfar, METKA and DEG for up to US$49.5 million in total against the risks of breach of contract and war & civil disturbance. It has been proposed that MIGA will share the exposure risk by utilizing the MIGA Guarantee Facility (MGF) under IDA Private Sector Window (PSW).
The project involves the development, design, construction, operation and maintenance of a 58.56MW greenfield natural gas-fired reciprocating engine power plant and its associated facilities which include an access road and overhead transmission line. The project will be located in an industrial site approximately 20km west of the Northern Afghan city of Mazar-e-Sharif. Energy produced from the power plant will be sold to Da Afghanistan Breshna Sherkat (DABS), the national power utility in Afghanistan, under a 20-year Power Purchase Agreement. Gas will be supplied to the project enterprise by GoIRA, acting through Afghan Gas Enterprise (AGE) and Afghanistan Ministry of Mines and Petroleum (MoMP), under a Gas Supply Agreement."
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Deutsche Investitions und Entwicklungsgesellschaft mbH||Client||-|
|-||-||-||-||Ghazanfar Neft & Gas DMCC||Client||-|
|-||-||-||-||METKA Power Investments Limited||Client||-|
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF MIGA
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