Project Manager
Tricom Power - Adamjee Group
Total years of experience :17 years, 5 Months
Reporting to Chief Executive Officer; responsible for:
• Project inception and functional mapping
• Conducting and Reporting Pre-Feasibility studies
• Developing Financial modelling of the power projects
• Partner Companies’ valuations and safe investment planning
• Technical & commercial structuring of company projects including bankable feasibilities, identification, negotiation & procurement of needed technology and business partners & supply chain
Achievements:
• Financial model approved for 200 MW Coal Fired Power plant after scrutiny and clearance by Next Capital
• LOI and land allocations issued & approved by Sindh government for 50MW solar and wind projects at Jhimpir, Pakistan.
• Successful equity engagements based on designed investment mapping
2011 - To date Asian Energy Ventures ltd, Pakistan.
ASIAN ENERGY VENTURES LTD. ("AEVL") is a project development & investment company, with primary focus on projects in the energy sector of Pakistan.
Under its project development activities AEVL undertakes:
• Technical & commercial structuring. This includes bankable feasibility, identification of suitable technology and suppliers / contractors, contractual negotiations.
• Interfacing and negotiating with Government agencies, lawyers, lenders and all other related
counterparties leading to the execution of all concession documents, off take arrangements and contracts
• Managing investment funds in project pipeline identified & structured by AEVL & chosen by investors
• Direct equity investment in selective projects
Directly reportable to Chief Executive Officer and Directors of the company, currently
performing the following tasks:
• Developing a portfolio of green projects under the title of "BIO ENERGY VENTURES LTD' .in different parts of Pakistan (primarily rural areas of Punjab & Sindh provinces)
• These projects will have the capacity to collectively produce: o 17MW power from renewable sources
• 7MW based on bio-gas from cow dung & vegetable waste
• 10MW based on agricultural waste (cotton stalk, rice husk, sunflower waste etc.)
- up to 107, 000 tons per year of Bio & Organic Fertilizer
- approx. 375, 000 tons per year of Biomass Pellets
• Designing a feasible Biogas/Biomass tariff, conducting detailed feasibility studies (technology selection, fuel surveys, on ground testing, social and environmental studies, final plant designs), Debt consultations with Overseas Private Investment
Company (USA) and initial Carbon Credit registrations with the UNFCC are some highlights for the above project portfolio. The project is nearing Financial Close.
2010 - 2011 Suki Kinari Hydro ltd, Pakistan.
Manager Finance
S.K Hydro is one of Asia's largest hydro independent power projects with a generation
capacity of 840 MW located in Kaghan Valley. The Project after passing the initial feasibility
stages has been approved by the relevant government authorities and is currently in the process of financial closing.
Directly reportable to Chief Executive Officer, Chief Financial Officer and Managing
Directors of the company, currently performing the following tasks:
• The formulation and design of the base financial model for the project, using
feasibility data, designing economic curves, predicting future cash flows and returns for the stake holders.
• Calculation of the basic energy tariff and consolidation with the capacity payments in line with the prevailing power policy
• Detailed studies and base working on the Carbon Credits Program for Green
Projects. Methodology selection and Carbon Credits calculation and future carbon
revenues for the project.
• Coordination with the statutory regulatory authorities including the National Electric
Power Regulatory Authority, Pakistan Power infrastructure Board and PEPCO for various compliance matters.
• Analyzing the offering terms from various financial institutions interested to finance the project.
During the period I have also worked on other various power projects for the Group,
preparing initial feasibility reports and base financial models. Highlights include:
• Elba Solar Power Project (20MW solar energy project, Bhawalpur region)
2008-to 2010 DHA Cogen Ltd, Pakistan. (Ashmore Energy International, USA)
DHA Cogen Limited is a Public Limited Company and is the pioneer of introducing Combined Cycle Power Plant of 94 MW and a Water Desalination capability to desalinate 3 Million Gallons of Seawater daily. While the first phase has been completed and started producing electricity and water, the Finance Team is working on second phase of the project, whereby the existing capacity shall be enhanced to meet additional challenge for the electricity and drinking water for the metropolis. Finance team is responsible for making
financial models for the evaluation of its commercial feasibility, regulatory compliance, contracts for both the supplies of machinery and engineering services and most importantly
structuring the financial breakup for the Project
Directly reportable to AEI (Holding Co.), G.M Country, Chief Executive Officer, & Chief Financial Officer. Managing a team of accounting / finance personnel at the Head Office, for multiple functions not limited to the Accounting & Finance.
• Evaluating available Short Term and Long Term financing options and to negotiate beneficial terms, arrangement of adequate collateral and subsequent prudential
documentation / reporting.
• The formulation of basic project model leading to establishment of various international supply contracts. Currently working on expansion of current facilities, addition of another 106 MW to the power train and 5 million Gallons per day water
desalination unit.
• Calculation of the basic energy tariff and consolidation with the capacity payments in line with the prevailing power policy
• Coordination with the statutory regulatory authorities including the Central Board of Revenue, Securities & Exchange Commission, the State Bank of Pakistan, the National Electric Power Regulatory Authority for various compliance matters.
• Analyzing the offering terms from various financial institutions interested to finance the project, negotiating and finalizing the finance agreements.
• Liaison with the financial institutions for draw down of project finance and compliance of necessary conditions, monitoring the mark up and other financial obligations related with the finance agreement.
• Managing the accounting function, establishment of budgets and periodic review, monthly reporting including analysis and comparisons with the budget.
• Development of accounting, payroll and other administrative policies and related manuals.
• Formation of a reporting structure and development of reporting formats, reporting schedule etc. to keep the management updated about the financial standings of the Company.
• Preparation of foreign accounts in US GAAPS from local IFRSs, reporting the financial position of DCL to AEI on monthly basis and direct liaison with offices in USA, Dubai and Hong Kong.
• Coordination of periodic audits and other statutory compliance.
• Interact with the Chief Financial Officer and the Company Secretary concerning financial forecasts and reports.
• Power industry research, in depth analysis of market trends and forthcoming changes policies by the regulatory authorities.
2007-2008 Kisan Care (Pvt.) Ltd, Pakistan.
Kisan Care is a large chemicals manufacturing and distribution company with over 20 offices
nationwide and over 100 million rupees turnover annually. My assignment includes analyzing and reporting upon the current financial situation of the Company on monthly basis for consolidation purposes. This implies preparation and consultancy of financial statements and
specific reports on the Company's for new investments and non-current assets management.
ACCA Member since 2008
A-Levels: 2000-2002. Subjects: Mathematics, physics, computer sciences, chemistry and English.