Tag: 133m

$133m arranged to build 100MW wind farms

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article image STAFF REPORT KHI: Wind developers in Pakistan have raised $133 million in finance needed to press on with 100MW of capacity in the country.The Islamic Development Bank (IDB) and Asian Development Bank, plus a consortium of local institutions, arranged the transaction under the Islamic finance terms.The deal will allow co-developers the Fauji Foundation and Tapal Group to build two wind farms in Sindh.The country’s National Transmission and Distribution Company (NTDC) has signed long-term…Read More