Capacity |
49.5 MW on Build, Own, Operate (BOO) basis |
Location |
Jhampir, District Thatta |
Land Area |
1,283 Acres/5.3 Sq. Km through Sub-Lease Deed with AEDB |
Wind Turbines |
Nordex $77, 1.5 MW HCV x 33 WTGs |
Electrical System |
Alstom, Pakistan, 22kV substal on & collection system, 132kV switchyard |
Civil Works |
Descon; Pakistan, 25 Towers as karachi + 100% Crane Availability |
Project Cost |
US$ 133.502 Million (Rs. 12.087 Billion) |
O&M Cost |
US$ 3 million/annum (Rs. 255 million) |
Funding Plan |
Debt 80% - US$ 106 million (Rs. 9 Billion) - by local banks only, Equity 20% - US$ 28 million (Rs. 2.4 billion), Debt terms - 10 years, Equity payback - 6 years |
Levelized Tariff |
US cents 15.332 / kWh (Rs. 14.965 / kWh) |
Energy Production |
143.6 GWh per annum (143.6 million units) |
Project Life |
20 years |
Annual Net Profit |
US$ 4.6 million or PKR 391 million |
Guaranteed ROE |
17% + Bonus Payment @ 10% of additional energy price |
EPC Contrators |
Joint consortium of Nordex & Descon with Joint & several liabilities. Nordex also acts as lead contractor |
O&M Contractors |
For 02 x years of warranty period & additional 03 x years. Joint consortium of Nordex & Descon with Joint & several liabilities |
Applicable Policy |
Policy for Development of Renewable Energy for Power Generation - 2006 |
Electricity Purchaser |
NTDC through Energy Purchase Agreement (EPA) |
GoP Guarantee |
Issued by AEDB on behalf of GoP under Implementation agreement |
EPC Contract |
Signed on February 27, 2010 |
Tariff |
FFCEL submitted petition on April 07, 2010. NEPRA announced tariff on August 10, 2010 & finally clarified on November 03, 2010 |
Financial Close |
June 28, 2011 (after signing Land Sub-Lease, IA, EPA & Financing agreements) |
Site Handed Over for Construction Activities |
July 07, 2011 |
Construction Start |
July 08, 2011 (on opening LC for EPC contractors) |
First Foundation Excavation Commenced |
October 22, 2011 |
First Foundation Construction Completed |
December 25, 2011 |
First Wind Turbine Erection Completed |
January 25, 2012 |
Last Wind Turbine Erection Completed |
July 21, 2012 |
Construction Activities and Commissioning of all individual Wind Turbines and Electrical Equipment Completed |
November 22, 2012 |
Inauguration of FFCEL Wind Power Project by the then President of Pakistan |
December 24, 2012 |
Commercial Operation Date of FFCEL Wind Power Project |
May 16, 2013 (After the completion of Reliability Run Test) |