Liberty Wind Power 2 (PVT) Limited

South Asia Infrastructure

CDC’s investment is funding the creation of 150MW of wind farms located in the Jhimpir area of the Sindh province of Pakistan. The project involves three separate schemes of 50MW each – two developed by Liberty Mills and one by Indus Group.

Our investment

The Liberty 2 wind farm is one of three separate projects as part of CDC's investment to fund the development of 150MW of wind power in the Jhimpir area of the Sindh province of Pakistan and reduce dependence on fossil fuels. This project has a capacity of 50MW and is being developed by Liberty Mills. It is part of a programme of 12 wind projects across Pakistan totalling 610 MW, which together will increase the renewable energy generation capacity of Pakistan by 50 per cent and providing clean, affordable power to the country at an average tariff of US$4.5c/kWh, in comparison to the existing average wind project tariff of US$11c/kWh.

  • Supporting climate action by avoiding greenhouse gas emissions (SDG target 13A)
  • Supporting economic opportunities by enabling firms to grow (SDG target 8.5)
  • Supporting provision of reliable, clean and affordable energy by increasing renewable power generation (SDG targets 7.1, 7.2)

CDC's investment will fund the development of the wind farm supporting the decarbonisation of Pakistan's energy mix and helping to meet growing electricity demand. Increasing the supply and reliability of power has evidenced positive effects on firm growth and employment, and quality of life. CDC's investment will also reduce coal and fossil fuel imports by 0.1 per cent (or c.US$10.7 million), helping to relieve pressure on foreign exchange reserves.

Stakeholder Geography Characteristics





Other (power will support employees primarily in manufacturing, construction, transport and agriculture sectors expected to be low to middle-income).



Other (71% of people in Pakistan have access to electricity).

Scale Depth/Duration
  • Employees: Supporting the creation of an estimated 2,100 indirect jobs over the lifetime of the investment.
  • Customers: Meeting electricity demand for 110,000 residential customers over the lifetime of the investment.

the depth of employment impact will vary for each sector of the economy but will be deeper for workers of power intensive firms.

  • the depth of quality of life impacts will vary by location, socioeconomic status, etc.
Grid Score Contribution

To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs.

  • Capital is not offered on the same terms.
  • CDC's is supporting an increase in the standard of environemental & social processes in relation to biodiversity and ecological risk analysis.
  • CDC's investment will help to mobilise local banks who will provide local currency financing.

External: to maximise the investment's full impact potential, simultaneous progress is required by the electricity transmission and distribution grid to reduce power losses.

Environmental and social aspects

CDC worked with the sponsors to procure support from international E&S advisors in the design of the farms which resulted in the mitigation of biodiversity impacts. CDC also worked with the sponsor to build and retain appropriate capacity to manage E&S issues.  This work is continuing as the project companies move towards closure of Environmental & Social Action Plan items ahead of first disbursement.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Debt
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

November 2019

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.