The Economic Cooperation Organisation (ECO) Trade and Development Bank signed a  loan agreement with Zorlu Energy Pakistan Limited for the amount of USD 20 Million jointly with ADB, IFC and Habib Bank for the establishment of a 56.4 Megawatt Wind Power Farm in Jhampir, Southern Sindh, about 100 kilometres northeast of Karachi.  Loan will carry a tenor of 12 years with a two-year grace period.

 

The project will help to lower reliance on fossil fuels and realize the government’s target of renewable energy in the total power mix by 2030. The project will also contribute to employment opportunities and economic growth in the region.
 
Zorlu Energy operates Turkey’s largest wind farm and it is 68 percent owned by Zorlu Holding A.Ş. which is one of the largest conglomerates in Turkey.