RIAA Barker Gillette has advised a syndicate of banks on providing funded working capital financing facilities to Punjab Thermal (approximately PKR 5 billion in total).
Punjab Thermal Power (Private) Limited, which the Government of Punjab wholly owns, is developing a 1,263 MW combined cycle RLNG-fired power plant in Jhang, Punjab.
We are advising a syndicate of banks, including Meezan Bank Limited, on the provision of funded working capital financing facilities to Punjab Thermal Power (for a cumulative amount of approximately PKR 5 billion) to enable payments to be made to the gas supplier.
Our team for this matter consists of partner Adil Tirmizey and comprises associate partner Rida A. Bhatti and associate Ahmad Mohid.
For further details, read the following article.