Metro Wind Power Limited (IFC-40975)

Countries
  • Pakistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Jhimpir Wind Corridor, Thatta district of 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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
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
METRO WIND POWER LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.60 million
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.
Project Cost (USD)
$ 85.70 million
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.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 30, 2019

Disclosed by Bank Sep 16, 2019

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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 website, "The project comprises of the development, construction, and operation & maintenance of a 60 MW greenfield wind power project in Pakistan, in the Jhimpir wind corridor in the Sindh province (The Project). The Project will be connected to the national grid and will enter into a 25-year Energy Purchase Agreement (EPA) with the Central Power Purchasing Agency Guarantee Limited (CPPA-G)."

"The proposed project will involve the construction, operation and maintenance of a greenfield 60 MW wind farm on a Build-Own-Operate basis in Jhimpir District, Thatta, about 100 km north east of Karachi in Sindh Province, Pakistan. The project will sell electricity to the Central Power Purchasing Agency under a 25-year agreement. The project will involve installation of 30 Siemens-Gamesa 2 MW turbines. Each turbine will have a hub height of 90 m and a blade diameter of 121 m. The project site falls within the Gharo-Jhimpir wind corridor, which is located in the southwest of Sindh province and comprises two clusters of wind resource areas: Gharo, which is located near to the coast and the inland Jhimpir Wind Farm Region (JWR) located in the district of Thatta with, an approximate area of 157 km2.

The company will develop internal access roads to service the turbines within the project site which will link to an access road system already established to serve other wind farms in the vicinity. Once built, the turbines and sub-station land will be fenced off to enhance safety and security; the rest of the site will remain open to local communities for periodic grazing activities. Construction works will be carried out by Chinese EPC HydroChina, comprising a combination of PowerChina, Hydrochina International Engineering Company and Hangzhou Huachen Electric Power Control Company. HydroChina will also perform the role of Operations and Maintenance (O&M) contractor will for the first two years together with turbine supplier Gamesa, after which a new O&M contractor will be appointed. It is expected that construction work will begin in 2020 and that the wind farm will take around 15 months to complete. Wind turbines will be connected to a 132-kV high voltage switchyard in the power plant via a 22 kV underground electrical collection system. Electricity from the project will be transmitted from this switchyard to a National Transmission and Dispatch Company Limited (NTDC) transmission line that will serve multiple projects and be built by NTDC. The transmission line is not considered as an associated facility under Performance Standard 1 as it will be a shared line serving multiple (sixteen) other wind farm projects, of which IFC will be supporting six..."

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.

According to IFCl, "The Project is being implemented by Metro Wind Power Limited (MWPL), a special purpose vehicle (SPV) incorporated under the laws of the Islamic Republic of Pakistan. MWPL is wholly owned by Metro Group of Companies.

The group has an existing 50 MW Wind Project in the same Jhimpir wind corridor which achieved commercial operations date in 2016 and has the Iqbal Alimohamed family and Infraco Keenjhar part of Daelim group as its shareholders and financing from the IFC along with a consortium of local banks. Besides, the group also has other investments in the energy sector including shareholding and board positions in some of the major power generation companies in Pakistan."

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Hangzhou Huachen Electric Power Control Company Parent Company -
- - - - HydroChina Contractor -
- - - - Hydrochina International Engineering Company Parent Company -
- - - - Metro Group of Companies Parent Company -
- - - - Metro Wind Power Limited (MWPL) Client -
- - - - National Transmission and Dispatch Company Limited Buyer -
- - - - PowerChina Contractor -

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.

Metro Wind Power Limited
Danish Iqbal
Chief Executive Officer
+92-021-34370034-8
danish.iqbal@gaenergy.com 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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