MULTICONSULT NORGE AS
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.
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
- Infrastructure, Manufacturing and Services
- Signing date
- Total FMO financing
- EUR 0.04 MLN
- 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)