Led by Nazif Ahmed (Head — Corporate) and Aroma Ali (Senior Associate), A&Q acted as the project financiers’ legal counsel for this solar project finance deal.
K-Solar (Private) Limited, a subsidiary of K-Electric is pleased to announce the successful financial close of our renewable energy venture at Bulleh Shah Packaging Pvt. Ltd. (BSP) , a subsidiary of Packages Group. This 7.36 MW solar project marks a significant milestone as one of Pakistan’s largest private sector B2B Energy Purchase Agreements, boasting a total investment of approximately Rs 1 billion over a fifteen-year term. Situated at BSPL’s packaging unit in Kasur, Punjab, this project is poised to commence commercial operations within a swift six-month timeframe.
We are grateful for the long-term financing provided by Faysal Bank Limited enabling us to propel this initiative forward.
We would also like to extend our heartfelt gratitude to our esteemed stakeholders, including Jubilee General Insurance Company Ltd,Kabraji & Talibuddin, and Ahmed & Qazi for their unwavering support.
Learn more about the project here: https://lnkd.in/dhnY6Wyv
Stay tuned as we usher in a new era of sustainable energy solutions!
