and a 0.8% commitment fee. Sinosure also agreed to provide insurance for the ICBC loan. China Machinery Engineering Corporation (CMEC) was identified as the EPC contractor and GE Energy (""GE"") as the turbine supplier for the project.

Funder	$30 million of debt from ECO Trade and Development Bank (ETDB)
Recipient Organization	interest rate of 6-month LIBOR (Year average: 0.507%) plus 400 basis points
Country	and $11.66 million from local banks in Pakistan. The reported terms of the ICBC loan pledge were as follows: 12-year maturity. 2-year grace period
Start Date	Oct 15, 2024
End Date	Feb 15, 2032
Duration	2,679 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`In a 2011 tariff petition to Pakistan’s NEPA`

Grant Description

SWPCL indicated that it would receive $55 million of debt from the Industrial and Commercial Bank of China (ICBC) Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.