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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

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Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Pakistan

Fauji Kabirwala Power Co. Ltd.

$16.1 million
Power
Project Brief
Not Active
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MIGA issued a guarantee of $16.1 million to El Paso Energy International Company (El Paso) of the United States for the construction and operation of a 151-megawatt gas-fired power plant in Pakistan. The project will receive debt financing from the Export Development Corporation of Canada and the Asian Development Bank. MIGA's guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance.

The project enterprise, Fauji Kabirwala Power Company, Ltd., will be located near in the Punjab Province and will be jointly managed by El Paso and the Fauji Foundation. The 400 local staff hired during construction and 110 permanent local staff hired for commercial operations will receive housing and extensive training. By the need for imported fuels, the project will save the country an estimated $21 million in annual foreign exchange. In addition, the project will generate approximately $1.2 million in annual tax revenues.

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