Pakistan faces a big generation deficit, says IFC
Electrawinds, IFC plan Kenya 90MW
31 May 2013 03:44 GMT
US OPIC backs 50MW Pakistan wind
05 September 2013 01:31 GMT
By Anamaria Deduleasa in London
Wednesday, April 16 2014
IFC, part of the World Bank Group, said it is making the debt and equity investment to tackle a growing power deficit in Pakistan, where about a third of the demand for electricity is unmet.
Metro Power – owned by the Iqbal Alimohamed family and InfraCo Asia Keenjhar Wind – will contribute 22.5% of the project cost.
The wind farm is expected to generate about 140GWh of electricity annually.
“Ensuring energy security in Pakistan is vital to improve infrastructure, support the private sector and create growth,” said Mouayed Makhlouf, IFC director for the Middle East and North Africa.
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