ICBC pledges a $55 million loan for 52.8MW Sapphire Wind Power Project

Funder	China (People's Republic of)
Recipient Organization	Pakistan
Country	Pakistan
Start Date	Jan 27, 2011
End Date	Mar 16, 2026
Duration	5,527 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`72711`

Grant Description

ICBC pledges a $55 million loan for 52.8MW Sapphire Wind Power Project Sapphire Wind Power Company Ltd. (SWPCL) — a project company (special purpose vehicle) — was established to finance, design, implement and maintain a wind power project in the town of Jhampir within Thatta district and Sindh province in Pakistan.

The sole sponsor/shareholder of SWPCL is Sapphire Textile Mills Limited. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.