The Project is being implemented by ACT II Wind (Private) Limited (ACT II), a special purpose vehicle (SPV) incorporated under the laws of Pakistan. ACT II is wholly owned by 22 individuals representing a consortium of three prominent business groups in Pakistan: (i) Akhtar Group, (ii) Ismail Group, and (iii) Tapal Group (ACT Group).

Established in 2014, ACT Group is a collaboration among three large business groups operating in Pakistan who decided to collectively develop a 30 MW wind project under the ACT Group banner, with separate shareholder agreements amongst the individual shareholders.

Founded in 1968, the Akhtar Group is one of Pakistan’s oldest business groups and is engaged in a wide and diverse range of businesses including textile machinery and garments, denim production, dairy farming and processing, boilers and turbines, sugar mill equipment and auto and steep industry marketing.

Formed in 1867, Tapal Group is one of Pakistan’s leading business groups with a diversified portfolio of businesses and investments in industrial engineering and construction, fertilizer and power. The Group owns a 120 MW thermal power plant and a participation in 50 MW wind power project. They are considered as one of the pioneers of renewable energy projects in Pakistan.

Ismail Group is a professionally managed leading fast-moving consumer goods group in Pakistan. Its flagship company, Ismail Industries Limited, has indigenously developed the largest confectionary brand in Pakistan and is the largest exporter of confectionary in the country, with exports to more than 40 countries.

The total Project Cost is estimated at to US$72.8 million. IFC is considering investing up to US$12.4 million in the form of an A Loan and is mobilizing up to US$37.1 million equivalent in the form of parallel loans.                                                   

The Project is located over an area of 320 acres (already acquired via lease) in the Jhimpir Wind Corridor, Thatta district of Sindh province in south-eastern Pakistan, about 100 km east of Karachi.

    This project is categorized B due to its limited size and the fact that it is a relatively low impact renewable energy project in a sparsely-populated, semi-arid area with no especially sensitive environmental or social receptors within or immediately adjacent to the project site. The project site is comprised mainly of barren rocky or sandy substrates and sparse vegetation interspersed with occasional nullahs (wadis). Key E&S risks and impacts are expected to include: (i) enforcement of labor and working conditions during construction, in particular health and safety and worker accommodation-related considerations; (ii) transmission of E&S management measures to the EPC and O&M contractors and monitoring of their E&S performance during construction, operation and maintenance; (iii) potential cumulative impacts on birds, bats and groundwater resources associated with the simultaneous development of multiple wind farms in the area; (iv) project-specific impacts on birds and bats during the operations phase; (v) general construction nuisance (dust, noise, increased traffic) for nearby communities; and, (vi) risks posed to communities and workers by the presence of security personnel in the area.