Afghan Power Plant Company, a special purpose vehicle owned by the Ghazanfar Group, and #HAUtilities the utilities investment and development arm of Hassan Allam Holding, have signed the debt financing package for the first long term, fully privately financed gas power plant in Mazar Sharif with IFC – International Finance Corporation, a member of The World Bank, Asian Development Bank (ADB) and DEG-German Development Bank.
#HassanAllamConstruction in joint venture with PGESCo has also been awarded the engineering, procurement and construction contract of the project. “This project underscores the group’s competence of seamlessly delivering complex projects, from development and finance, to engineering and construction services and also operation and maintenance, and speaks volumes of the reputation we have worked to build internationally,” said Hassan Allam, CEO of Hassan Allam Holding. “The contract will see us leverage the true strength of our diversified service offering alongside Ghazanfar Group, a company that has an established track record in its own right and with whom we are proud to be working with.”
