IFC invests $26m in Pakistan wind project

摘要

The World Bank's financing arm, International Finance Corp., will invest $26 million in a 50 MW wind power project in Thatta District in Sindh province. The project, to be developed by Karachi-based Metro Power Co., is estimated to cost around $132 million. According to IFC, it is expected to generate enough electricity to supply about 270,000 people a year. Iqbal Alimohamed family and InfraCo Asia Keenjhar Wind Pvt, which owned Metro, will pay for 22.5% of the project's cost.