According to the bank website, The proposed project will be dedicated to the development, construction and operation of a 50MW wind power plant in the District Jamshoro, Sindh, in the Islamic Republic of Pakistan. The proposed investment in MGEL is for up to USD 28.0m MLA investment, parallel to the local commercial bank Bank Alfalah Limited.
According to FMO, Key Sponsor is the Master Group of Industries. The Sponsor is one of Pakistan’s leading business groups, operating in amongst others the textile, automotive, bedding, retail, engineering and power sectors. The Sponsor has already constructed another 50MW wind project, which has been successfully operational since 2016.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Master Green Energy Limited||Client||-|
No project-specific contact information available at time of writing.
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/independent-complaints-mechanism