The
Islamic
Development
Bank
(IDB)
and
Asian
Development
Bank,
plus
a
consortium
of
local
institutions,
arranged
the
transaction
under
Islamic
finance
terms.
The
deal
will
allow
co-developers
the
Fauji
Foundation
and
Tapal
Group
to
build
two
wind
farms
in
Pakistan’s
Sindh
province.
The
country’s
National
Transmission
and
Distribution
Company
(NTDC)
has
signed
long-term
agreements
to
buy
the
power
produced,
says
the
IDB.
The
Sindh
wind
farms
are
part
of
“the
first-generation
wind
energy
projects
that
Pakistan
has
embarked
on",
adds
the
IDB.
The
country
hopes
to
install
1.5GW
of
wind
capacity
by
the
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