Shearman & Sterling advised International Finance Corporation on the $450 million financing of six wind power projects, also known as Super Six, which will be built in the Jhimpir wind corridor in Sindh province, Pakistan. The transaction closed on November 15, 2019.
The Super Six projects is a first-of-its-kind program to build six wind power projects in Pakistan. The project will produce clean and low-cost power to meet the country’s critical demand for energy and reduce reliance on expensive imported fossil fuels. With a combined capacity of 310MW, the Super Six plants will generate more than 1,000 gigawatt-hours of electricity annually. The program is also expected to reduce approximately 650,000 tons of carbon dioxide emissions per year.
Shearman & Sterling advised International Finance Corporation with a team including Bill McCormack (Picture), Jean-Louis Neves Mandelli, Bilyana Belcheva and Liu Wang.
Law Firms: Shearman & Sterling;
Clients: International Finance Corporation;