Tag: IFC

Engro, IFC signed an agreement for InfraVentures

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Engro Corporation signed an agreement with the International Finance Corporation (IFC), World Bank member, to discover growth opportunities in underdeveloped coordination sector of Pakistan. Engro would develop joint solutions for products that need temperature controlled logistics (TCL), such as agricultural yield, medicines, and fresh food commodities among others under the agreement. It would develop opportunities […]…Read More

IFC backs renewable energy projects in Pak

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article image STAFF REPORT ISB: A private sector company Yunus Energy Limited (YEL) mulls to import equipment for its 50MW wind power project at site of Jhimpir, District Thatta, Sindh. The company mulls to import wind power turbine from Germany based Nordex Singapore Equipment Private Limited. International Finance Corporation (IFC) has issued a guarantee to Deutsche Bank on behalf of Bank Al Habib to support Letter of Credit issued by the bank to allow YEL import of said equipment. Mouayed…Read More

IFC comes forward to help import of Wind Power Project Equipment

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article image STAFF REPORT ISB: A private sector company Yunus Energy Limited (YEL) mulls to import equipment for its 50MW wind power project at site of Jhimpir, District Thatta, Sindh. The company mulls to import wind power turbine from Germany based Nordex Singapore Equipment Private Limited. International Finance Corporation (IFC) has issued a guarantee to Deutsche Bank on behalf of Bank Al Habib to support Letter of Credit issued by the bank to allow YEL import of said equipment. Mouayed…Read More

IFC to assist Pakistan fight with energy crisis

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STAFF REPORT ISB: The International Finance Corporation (IFC), a member of the World Bank Group has vowed to cooperate Pakistan to address the long held energy crisis. IFC announced to invest $50 million in Gulpur Hydropower Project that will generate 100MW electricity. The Gulpur project is developed by subsidiary of Korea South East Power Co. Ltd (KOSEP) i.e. Mira Power Limited and is the first venture in Pakistan. Wiebke Schloemer, IFC Regional Industry Head for Infrastructure,…Read More

IFC offers financial support to Pakistan to reduce energy crisis

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article image Staff Report ISB: The International Finance Corporation (IFC), a member of the World Bank Group has vowed to cooperate Pakistan to address the long held energy crisis. IFC announced to invest $50 million in Gulpur Hydropower Project that will generate 100MW electricity. The Gulpur project is developed by subsidiary of Korea South East Power Co. Ltd (KOSEP) i.e. Mira Power Limited and is the first venture in Pakistan. Wiebke Schloemer, IFC Regional Industry Head for Infrastructure,…Read More