Status: Approved investment
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Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Lakeside Energy Private Limited, a project company developing the Lakeside 50MW Wind Power Project in Pakistan and its sponsor the Naveena group.

What is our funding objective?

The aim of the CD project is to assist our client and their local E&S consultant in preparing the necessary E&S documentation on time and at adequate quality to the Lenders. The activities supported will include broadening the scope of the impact assessment and management planning carried out so far in accordance with international standards, as well as training and strengthening the E&S and technical capacity of the client and the local consultant engaged in this project so far.

Why do we fund this investment?

The transaction aligns well with FMO’s Energy strategy. Providing low-cost and clean power in Pakistan (which experiences significant electricity shortages) and development of the renewable energy sector will reduce the country’s power expenditures and make Pakistan less vulnerable to oil, gas and coal price movements.

Website customer/investment
Infrastructure, Manufacturing and Services
Effective date
Total FMO financing
EUR 0.04 MLN