Original disclosure @ FMO website
Updated in EWS Jul 10, 2018
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According to FMO website, Zephyr Power (PVT) Limited is a company incorporated in Pakistan which is developing a 50 MW wind park near Karachi. The bank provides a combination of senior and subordinated long-term loans to Zephyr Power. FMO funds the development and construction of a 50 MW wind park located near Gharo, in the vicinity of Karachi, Pakistan. FMO financing allows Zephyr Power to be fully funded through its construction and initial operations phase. Also, the project provides an additional source of clean, renewable energy to Pakistan. Pakistan currently has a demand for electricity which exceeds its reliable generation capacity by over 25%, resulting in frequent power outages.
Zephyr Power (PVT) Limited is a company incorporated in Pakistan which is developing a 50 MW wind park near Karachi. Zephyr Power is owned by a consortium of local Pakistani business people and CDC Group PLC, the development finance institution of the United Kingdom.
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/