Triconboston Wind Power Project (ADB-50200-001)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Specific Location
Thatta District, Sindh Province
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.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 27, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 7, 2017

Disclosed by Bank Aug 9, 2016


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Project Description
DESCRIPTION The project involves the construction, commissioning and operation of three 50 MW wind power projects located in Thatta District, Sindh Province, in the south of Pakistan (the projects). The projects are jointly being developed by the Sapphire Group, a well-respected conglomerate in Pakistan with business interests in textiles, food, and power (both thermal and renewables), and Bank Alfalah Limited, Pakistan's sixth largest private bank (collectively the sponsors) through Triconboston Consulting Corporation, a special purpose vehicle (SPV). Following a competitive bid, Hydrochina Corporation has been shortlisted for finalization of the EPC contract (with General Electric to provide wind turbine generators). All three projects will have same EPC and O&M; contractors.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
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