World Development Bank

W e l c o m e T o W o r l d D e v e l o p m e n t B a n k

The project cost is estimated as 300 million Dollars, of which 240 million Dollars (80%) will be financed by loan and 60 million Dollars by contribution form the shareholders (20 %). Out of the 240 million Dollars borrowing, The credit facilities is expected to be extended on non-recourse basis and secured by charges on all assets of the Project Company and assignment of all Project Agreements in favor of the Lenders.

As a condition precedent to drawing down the loan, the shareholders may need to contribute upfront up to 50% of the base equity (30 million Dollars). This initial base equity will be utilized to meet the development activities, legal fees, payments to various consultants, up-front payments Lenders, and payment for preliminary works and milestones completed by the EPC Contractor up to 4 to 5 months before of the first drawdown of loan money.

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