Indus Wind Energy Limited engaged RIAA Barker Gillette (Pakistan) as project company counsel for developing, constructing and operating their 50 MW wind power project in Jhimpir, Sindh, Pakistan, at an estimated cost of USD 64 million. The firm advised on matters relating to the project’s licence, tariff, implementation agreement and power purchase agreement, and has assisted the client in negotiations with the Alternate Energy Development Board. The firm also negotiated and finalised project documents with the EPC Contractors and the finance documents with a consortium of local and foreign lenders, including CDC Group, Plc, to enable Indus Wind Energy Limited to achieve financial close within a tight timeline. Subsequent to the financial close, we assisted the company on various matters pertaining to the disbursement of finances and the construction of the project. The project achieved commercial operations in March 2022.
We are delighted to have assisted in a project that will contribute to economic growth by adding low-cost and clean power to Pakistan. In Karachi, our team was led by the Managing Partner of Pakistan, Bilal Shaukat. Our Islamabad-based Partner – Pakistan, Nadir Altaf, advised the company on tariff and other regulatory matters.
For more information on the project, please visit https://www.bii.co.uk/en/our-impact/investment/indus-wind-energy-limited/
