TransAtlantic Energy Private Limited

Jhumpir

Province

$10,000,000

Investment Ask (USD)

Scale-up

Business type

Expected IRR (%)

13

Expected GHG mitigation impact (tonnes of CO2e)

88000

Technology Area

Windpower

TransAtlantic Energy Private Limited is a 50MW wind power project being developed in the province of Sindh in the wind corridor called Jhumpir, which is known for its superior wind regime. This Independent Power Provider (IPP) aims to provide power to the national grid for 25 years under an EPA with the Government of Pakistan on a Build Own Operate (BOO) basis. The project aims to electrify 600 households in the country’s rural and urban areas, while creating 2,500 on-site jobs, in addition to improving health and educational facilities for the locals. It is estimated that 88,000 tons of CO2 emissions will be mitigated.

This project also made it to the Alternative Energy Development Board (AEDB)’s approval for issuance of letters of support (LOS) for 11 wind power projects in Pakistan and offers an expected USD IRR of 13%.

Electricity generated will be supplied to the national grid to be consumed by domestic, commercial and industrial customers, adding to the country’s energy security and the government’s goal of obtaining 30% of its energy from renewable resources by 2030.

“PFAN has a strong local and international network who understand finance well. As we are a more mature company, our reason to join PFAN was access to finance and as we are coming close to stage 3 of our PFAN journey, we look forward to meeting more investors and reaching financial close.”

- Waqas Anwer Qureshi
CEO