Zorlu Solar Power Project (ADB-50174-001)

Countries
  • Pakistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bahawalpur, Punjab
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Zorlu Solar Pakistan (Pvt.) Ltd
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Nov 6, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, the project involves the construction, commissioning and operation of a 100 MW photovoltaic (PV) solar generation facility located at the Quad-e-Azam Solar Park (QSP) in Bahawalpur, Punjab province, Pakistan

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Zorlu Enerji Group, founded in 1993 with the foundation of Zorlu Energy Electricity Generation Inc. Zorlu Enerji is a global group of companies providing services in different areas of the energy sector. Zorlu Enerji Group offers an integrated service mix with the activities of different sectors of the energy sector, mainly electricity and steam production and sales carried out by Zorlu Energy, the only public company. Zorlu Enerji has a total installed power of 991 MW, of which 525 MW is in Turkey.


Zorlu Enerji has a 100 percent share of Zorlu Energy Pakistan that is 56.6 MW Wind Power Plant located in the Jhimpir Sindh. The Wind power plant, in Jhimpir started commercial activity in 2013. The facility, which is Pakistan's first wind power plant, produces approximately 159 million kWh of electricity per year.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Renewable Resources (Private) Limited Contractor -
- - - - Zorlu Enerji Group Parent Company -
- - - - Zorlu Solar Pakistan (Pvt.) Ltd Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 1
Responsible ADB Officer Hashimi, Mohammed Azim

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main

How it works

How it works