PROJECTS / Raiwind 117 MW Power Station

Raiwind 117 MW Power Station

South Asia

October 22, 2020

K&M was retained as Lender’s Engineer by the National Development Finance Corporation of Pakistan (NDFC) on behalf of the project lenders for the Raiwind Power Project as part of NDFC’s due diligence review. The project sponsors formed SEPCOL as a limited company incorporated in Pakistan to implement the US$138 million 117 MW (gross) power plant near Raiwind. The Water and Power Development Authority (WAPDA), a Government owned utility, will purchase all the project’s capacity under a 22 year take or pay Power Purchase Agreement (PPA). K&M’s independent review was carried out in four weeks. This short period was required to meet the intended project schedule for financial close.

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