Metro Power Company Signs $98.6 Million Financing – 2014

Signing of Financing Documents Held in Turkey

Metro Power Company Limited on 14th April in Istanbul, Turkey executed the financing documents for $ 98.6 million financing for its 50MW wind power project to be located in Sindh Province. Bridge Factor participated in the signing ceremony as Financial Advisors to Metro Power Company Limited.

The project is equally owned and has been jointly developed by a leading Pakistani business family of Iqbal Alimohamed and InfraCo Asia Keenjhar Wind (a wholly-owned subsidiary of InfraCo Asia Development Pte. Ltd, Singapore). IFC, a member of the World Bank Group, has also taken a minority equity interest in the project.