Blending concessional funds from Canada alongside IFCs own commercial funds helped make the financing package viable and demonstrate the viability of private sector wind
power in Jamaica, thus paving the way for long-term commercial investors.
ADB, for example, has used Islamic finance to support private sector wind
energy projects in Pakistan.
Two private sector wind
farms in the Railbelt are currently attempting to expand their capacity and new hydro projects are on the drawing board.
Addressing Pakistani government officials, senior executives from General Electric - including GE's Vice Chairman of the Board John Rice and private sector wind
developers in Islamabad, Deputy Chief of Mission Williams said: "These wind projects are a positive example of a public-private partnership in the important field of renewable energy.
AEDB has arranged a counter guarantee worth $ 200 million from Asian Development Bank (ADB) for the private sector wind
Arif Alaudding was also hopeful that USTDA will assistance project in renewable energy sector, the ENGRO wind, BEACON solar and an equity to AES, Lalpir for being the first public sector wind
While deficits are projected to decrease further as federal support for states and the financial sector wind
down and the economy recovers, the increased debt and related interest costs will remain.
The assistance maintains ADB's broad support for the first generation of credible wind developers in Indonesia and complements private sector development (PSD) elements of public sector wind
Contract notice: technical advisory services in relation to public sector wind