NBP Wins ‘Energy Deal of the Year’ Construction Awarded 2021

In its role of lead advisor and mandated lead arranger for a major government infrastructure project – 'Punjab Thermal Power Private Limited (PTPL)' the NPB, often referred to as 'the Nation's Bank (NBP), won 'Power Deal of the Year 2021' award in the Infrastructure Awards category from The Asset (Triple-A).

The Asset Triple A Award recognizes Asia mainly as an organization that has succeeded in its industry.

As the Electric Power Producer (IPP) in Jhang District, Punjab, PTPL was incorporated in 2017. It will contribute 1,263 MW of electricity to the national grid, one of the most efficient RLNG projects that will boost energy supply and deliver lower-cost electricity.

The project was one of the largest and one of the largest needs for public sector financing. This agreement was designed to allow for the participation of traditional and Islamic banks as a hybrid transaction. With the establishment of LCs and the provision of the financing facility, the NBP took the lead.

Because of its efficiency, economic advantages for the industrial sector, and financial sustainability, the deal was appealing. As a result, financial closures were concluded on 23 April 2021 due to effective advice and arrangement services from all the Lead Arrangers.

Regarding size and financing needs, the largest project financing agreement in the financial industry in Pakistan was signed during the year 2020-21.

This historic deal shows the cutting-edge capacities of the NBP in the structure of major complex transactions in infrastructure and its capacity to offer complete life-cycle knowledge across productive assets and in power production in a highly creative and market-acceptable way.

Several major national and international awards have always confirmed the NBP's dominance as the leading financial powerhouse. It has just been awarded the 'Best corporate and investment bank in Pakistan' by Asiamoney in 2021. It has been proclaimed the best bank in Pakistan by the Global Finance Magazine as the best investment bank in Pakistan in 2021.

These prizes prove NBP's outstanding level of service and financial skills and emphasize how it remains a favored and trusted long-term customer partner.

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