Bridge Factor Successfully Implemented Closure of 8 Wind Power Projects

BF acted as a Financial/Transaction Advisor for 8 Wind Power Projects (410Megawatts), which were in development for over past 03 years. With the change of Government, we were able to convince the government to increase the use of indigenous alternative energy sources instead of thermal projects based on imported RLNG or coal. All Super Six projects are developed by our clients, the local companies that includes ACT Group, Artistic Milliners (Pvt.) Limited, Din Group, Gul Ahmed Group and Yunus Brothers Group.

The Super Six (Act II, Artistic, Din, Gul Ahmad, Metro & Tricom) lead arranged by IFC and include DEG and local banks (Bank Al Habib, Al Falah Bank and Meezan Bank) amount to USD 350 Million with Project Cost of USD 440 million approx. (the debt arranged also include working capital facilities). The other two i.e. Indus and Lakeside have a project cost of approx. USD 65 million each and financing of USD 52 million each. These two were financed by CDC (with Habib Bank for local financing) and FMO (with Faysal Bank for local financing) respectively

These 8 projects will have the lowest ever tariff for renewables in energy mix of Pakistan. The wind farms will be located in Jhimpir wind corridor in Sindh province, generating more than 1,000GWh of clean electricity annually, enough to power 450,000 homes.

Super 6 and IFC Negotiations at DIFC, Dubai. Lead Arranger IFC and other syndicate Banks. All Consultants including (Transaction/Financial, Technical and Legal) met in Dubai for Negotiations.

Signing of Implementation Agreements (IAs) for 11 Wind Projects at Alternative Energy Development Board.

Dignitaries (Government Participants) at Financial Close Ceremony of 12 Wind Power Projects.

Senior Bridge Factor Management attends the Financial Close Ceremony of 12 Wind Power Projects (610 MW) held in Islamabad on 18th Nov, 2019.

From Left: Mr. Yasar Najib (Director), Mr. Ashruff Rana (Director), Mr. Akbar Bilgrami (Chief Executive Officer) and Mr. Syed Khwaja Huzaifa (Director).