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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.

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.

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About Dropdown Description

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

Tapal Energy Limited

$2 million
Power
Project Brief
Not Active
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MIGA issued a guarantee of $2 million to Wartsila Power Development, Inc. of the United States for its equity investment in the construction and operation of a 126-megawatt power plant in Pakistan. MIGA's guarantee covers the risk of expropriation.

The power plant, Tapal Energy Limited, will be located in Sindh Province, 28 kilometers northwest of Karachi. The local economy will benefit from the purchase of supplies averaging more than $3 million annually. The project will provide on-site medical services and support for schools and community social programs and will develop access roads and water and sanitation facilities. The enterprise will employ more than 100 people, who will receive technical and managerial training locally and in the Netherlands, and will generate $4 million in annual tax revenues.

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