Energy Limited to achieve Financial Close for setting up 49.5 MW wind power project

The Energy Limited of Fauji Fertilizer Company (FFC) has all set to achieve financial close in the current month for setting up 49.5 MW wind power project at Jhampir, Dist. Thatta, Sindh and the project will be completed and commissioned within 16 months.

The first ever energy purchase agreement of wind project in the entire Alternative Energy Sector in the country was signed between FFC Energy Limited and Central Power Purchasing Agency (CPPA).

The Energy Limited (EL) is pursuing development of 49.5 MW wind power project to be installed at Jhampir, Dist. Thatta, Sindh and Alternative Energy Development Board (AEDB) has already issued Letter of Intent (LOI) to EL.

The land for the project was allocated by AEDB in 2007 on which EL carried out detailed feasibility study. The IPP achieved their first major milestone when they signed the EPC contract with Nordex and Descon Engineering in April 2010.

Nordex will supply 33 S77 (1.5MW) wind turbines for which the towers would be manufactured locally.

The EL was awarded the tariff for their project by NEPRA in August 2010. The Letter of Support (LOS) was also issued to the IPP in December 2010.