The project has been financed by a combination of debt and equity in the ratio of 75:25.

The debt has been arranged from a consortium of local banks with Habib Bank Limited as the Agent Bank and MCB Bank Limited as the Security Trustee. The financing documents for the senior facility of PKR 8.6 billion were signed during the last quarter of 2006. Funding is priced at 3 months Kibor plus 315 basis points. The loan is repayable in 40 equal quarterly installments commencing from COD.

The sponsors of the project are Mr. Nadeem Babar, Oman Oil Company S.A.O.C. Sultante of Oman and DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, a Germany based investment and financial institution.

Mr. Babar is a well known and seasoned executive with worldwide experience in energy sector. He has previously implemented two power projects under the 1994 Power Policy in Pakistan. For fifteen or so years, he has worked in the global power generation business and has developed, financed and/or managed energy generation projects based on coal, gas, residual oil, diesel, wind, hydro, waste-to-energy, biomass, and nuclear technologies. In his career, he has managed over 150 power plants and has been involved in financing in excess of $10 billion of capital for this sector and conducted business in over 25 countries.

Oman Oil Company S.A.O.C. operates in the energy sector both inside and outside of Oman. Company is wholly owned by the Government of the Sultanate of Oman though a commercial venture. The Company plays an important role in the Sultanate's efforts to diversify the Omani economy and to promote Omani and foreign private sector investment. Within the Sultanate, the Company is focused on the development of oil and gas-based industries and other energy related projects. The Company’s portfolio of investments includes Exploration & Production and related services, Infrastructure & Shipping, Refining & Marketing, Petrochemicals, Aluminium and Power. Outside Oman, the Company is actively pursuing commercial ventures in the energy value chain.

DEG is one of the largest European development financial institutions for long-term project financing. For more than 45 years, DEG has been financing and structuring the investments of private companies in developing and transition countries. DEG invests in profitable projects that contribute to sustainable development in all sectors of the economy.