US$ 95 MILLION DEBT DEAL EXECUTED WITH OPIC FOR SAPPHIRE WIND FARM – 2014

On 31st March, 2014, Sapphire Wind Power Company Limited executed the financing documents for US$ 95 million financing for its 50MW wind power project to be located in Jhimpir, Sindh Province. Bridge Factor participated in the signing ceremony as Financial Advisors to Sapphire Wind Power Company Limited.

The project’s majority ownership is with Sapphire Textile Mills Limited (one of the biggest conglomerate in Pakistan) and Bank Alfalah Limited. The debt is completely financed by Overseas Private Investment Corporation (OPIC), USA while City Bank, London is acting as the banker of the project.