Allama Abu Bakr Memorial Wind Power Private Limited

Presenters:• Haris Naved Ahmed

• Khateeb Hussain

• Syed Yawer Imam

Table of Content

Company Profile

Process Flow

Memorandum of Association (MOA)

Article of Association (AOA)

Company Registration

Alternative Energy Development Board (AEDB)

Milestones to be achieved

Front End Engineering &Design( FEED) Study

Regulatory Framework

Company Profile

Private Company

Existing Coal Power project: 560 MW

Registered Office: Suite # 22-24,Abu Bakr Memorial Building , Main Layyah Rd Karachi

Power Plant is located in Gharo, Sindh

B.O.D

Haris Naveed Ahmed 52%

Khateeb Hussain 24%

S. Yawer Imam 24%

Launching of 50 MW Wind Power project

Why Wind Power?

Based on wind data collected by Pakistan Meteorological Department, AEDB has established/identified a “Wind Corridor”

The corridor is 60 Km wide (Gharo to Keti Bandar) & extends upto Hyderabad

According to AEDB, the area within the corridor has potential to produce 50,000 MW of electricity

Keeping in view the huge available potential of wind power, current deficit of electricity in Pakistan and the technological development in wind power worldwide, Allama Abu Bakr Memorial Wind Power Company intends to diversify and install a wind farm

Process Flow Diagram

MOA AOA Company Registration AEDB

FEED Study Milestones to be achieved

Regulatory Framework

Commissioning

Memorandum of Association / Agreement

Objective: To setup a 50MW Wind Power Project in Pakistan

Name: Allama AbuBakar Memorial Wind Power(Pvt.) Ltd.

Registered Head Office: Suite # 22-24,Abu Bakr Memorial Building , Main Layyah Rd Karachi

B.O.D

Capital: US$ 120 million

Liability: Limited Liability Company

Article of Association

Rules: lock-in period for retainer ship of shares shall be minimum 5 years , share can be diversities with the permission of the consensus of share holders

No of Board of Directors: 3

Responsibilities: Detailed responsibilities are defined under Section II of AoA

Audit: CIA will be reporting to Chairman

Procedures: Detailed procedures are defined under Section IV of AoA

Frequency of Meeting: 1 meeting per Quarter of BOD

Company Registration Approval of company name through Securities and Exchange commission

of Pakistan SECP

Registration of company logo through Trade Mark registry / Intellectual Property Organization.

Registration of company on SECP for incorporation

Registration to the FBR for income tax

Registration to the FBR for the sales tax

Registration with the excise and Taxation department for professional tax

Registration with employees Social Security Institution ( SESSI)

Registration with the EOBI

Registration with the Labor department of the district

Alternative Energy Development BoardThe Alternative Energy Development Board (AEDB) is a principle cabinet institution and federal body responsible for formulating and directing policies regarding energy conservation and safety in handling nuclear materials.

Responsibilities

1. Energy conservation programs

2. Energy related research and production

3. Research and development in Bio electricity

Front End Engineering &Design (FEED) StudyAs a first step Allama Abu Bakr Memorial Wind Power company carried out the pre-feasibility study of wind power project through a local consultant having expertise in such studies in Pakistan

Feed Package

Evaluate options that will improve the return on assets (ROA)

Conduct hazardous operations reviews

Support internal funding requirements

Develop the engineering design packages that can be used to bid a lump sum EPC scope and / or provide the foundation for the detailed engineering phase

Prepare cost estimates for scope definition and for project funding

Milestones to be achieved Submission of proposal by Sponsors

Review of proposal by AEDB.

Submission of Bank Guarantee and Project Facilitation Fee by Sponsor

Issuance of Letter of Intent (LOI) by AEDB

Initial time for Feasibility Study and term of the LOI

Application for tariff determination and grant of Generation License to NEPRA by Sponsors (upon approval of Feasibility)

Generation License / Tariff approval from NEPRA.

Submission of Performance Guarantee by Sponsors upon acceptance of tariff determined by NEPRA

Issuance of LOS (Letter of Support) by AEDB

Signing of Energy Purchase Agreement & Implementation Agreement

Financial Close (FC)

Regulatory Framework Agreements with consultants through best industrial practices i.e. competitive bidding

process:

Legal

Commercial &

Technical Consultant

PPRA (Public Procurement Regulatory Authority) Ordinance 2002

PEPA (Pakistan Environmental Protection Agency)

ISO 9001:2008, OHSAS (Occupational Health & Safety Advisory services) 18001:2007 Accreditation

Grid Interconnection Approval from National Transmission and Dispatch Company (NTDC)

Land Acquisition from the owner through Sindh Board of Investment (SBoI)

Security Package (Financial Close, Implementation Agreement, Joint Venture Agreement)

Regulatory Framework

NEPRA's Responsibilities:

Issue Licences for generation, transmission and distribution of electric power

Establish and enforce Standards to ensure quality and safety of operation andsupply of electric power to consumers

Approve investment and power acquisition programs of the utility companies

Determine Tariffs for generation, transmission and distribution of electric power.

Thanks