Project detail - MULTICONSULT NORGE AS

MULTICONSULT NORGE AS

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Who is our client

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

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 we fund this project

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 client
http://www.multiconsultgroup.com/
Region
Asia
Country
Pakistan
Sector
Infrastructure, Manufacturing and Services
Signing date
6/30/2020
Total FMO financing
EUR 0.04 MLN
Fund
Access to Energy Fund
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)