Name of borrower: Enertech Holding Company
Amount: PRe51.5 billion
Tenor: Unspecified
Underwriter: Askari Bank
Date: 2023
Enertech Holding Company’s PRe51.5 billion ($180 million) Islamic finance facility is the best Islamic project finance deal in Pakistan.
Askari Bank acting as a lead arranger and adviser on the project, which involved the construction of a 61-kilometre pipeline by the Kuwaiti state-owned developer and designed to transport water between the towns of Nabisar and Vajihar in Sindh province’s Tharparkar desert.
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