MYC Power Sector Services proposal

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MYC INVESTORS GUIDE FOR POWER SECTOR PROJECTS.
Chief Executive Officer/Managing Director
Power Sector Project Companies
Ref: myc/pace-01/2015
Date: November 30, 2015.
Re: Proposal for Consultancy services (Financial /Technical /Legal) for Power
Sector Projects:
Dear Sir!
The Pakistan Centre for Alternate Energy (PACE) is a dedicated business segment of M.Yousuf & Co Cost
& Management Accountants. PACE is strengthened by Pakistan’s leading power sector
professionals.MYC has established PACE for supporting power sector projects which is an energy
consulting Centre, based at Blue Area Islamabad. PACE is proud to offer complete set of services
including Technical, Financial, & Legal. We are pleased to present this formal Proposal for your
company’s upcoming energy sector projects under your kind consideration and control.
MYC is a leading firm of Cost & Management Accountants providing services to diverse line of clients
and actively engaged with NEPRA, AEDB, PPIB, SECP, ICMAP and FBR for the benefit of all the
Stakeholders.MYC have satisfied clients in all the major lines of businesses. MYC in line with the
initiatives of GOP relating to Power Sector initiatives especially under Pak-China Economic Corridor and
envisaging investment in this area has set up a separate business unit under the name “PAKISTAN
CENTRE FOR ALTERNATE ENERGY” (PACE) to help the prospective and existing investors to succeed in
their business endeavors relating to power sector projects.
MYC as lead partner of “PACE” have already worked and is working with the international POWER
consultants such as 8.2 Die Sachverstandingen (Germany) and M/S SAMBU Construction Company Ltd.
(South Korea) where we have provided our professional services on 84 MW hydroelectric power project
at New Bong Escape Mangla (AJK) for Laraib Energy Limited (“Laraib”) which is the owner and developer
of first ever hydro electric IPP in Pakistan known as the New Bong Escape Hydroelectric Power Complex
on the Jhelum River in Azad Jammu and Kashmir (AJ&K).We are also working on certain other alternate
energy projects at various phases of their execution. Therefore we are in a unique position to provide
the best possible services available in Pakistan.
Scope of Services:
PACE would provide complete value chain services including Concept statement, business modeling,
feasibility study ,project development, design, construction ,company incorporation with foreign equity,
tariff petition filing & negotiation, complete support arranging ICB process, signing EPC contract/IAs,
drafting bidding documents, support in securing relevant licenses (PPIB/AEDB/NEPRA etc).We support

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conducting international competitive bidding (ICB) for selection of EPC contractor. Most importantly
justifying with full professional competence to win optimum tariff for the project at various stages of the
project (feasibility study stage, EPC stage & COD final approval stage etc).
In addition to project development ,PACE is fully geared up to offer operational support services in
preparation of regulatory accounts for Generation, Transmission and Distribution Companies of Power
Sector as per Frame Work of SECP/NEPRA project development project feasibility study, incorporation of
the company, licensing from NEPRA, preparation & filing of tariff petition, defense before NEPRA,
Processing of power generation license ,requirements of PPIB , etc taxation service and regulatory
accounting services.
PACE services can be broadly segregated into following three aspects.
1. Phase I: Incorporation and Licensing :
MYC-PACE would facilitate the client from the very beginning i.e incorporation of the Company with
SECP specially catering foreign director & FDI. Once incorporated the process of issuance of License from
NEPRA shall be started and complete all relevant documentations.
2. Phase II: Project Implementation:
During the project implementation phase, MYC shall provide complete support to the client relating
registration with PPIB, getting approval from PPIB, obtaining LOI from PPIB, Tariff determination from
NEPRA, Processing of generation license from NEPRA. Negotiation for IA/PPA, FSA/GSA to obtaining
licenses for all the NEPRA, project development & construction.
3. Phase III: Post completion:
PACE shall take care of taxation, regulatory Accounting and other related support services. MYC shall
provide complete financial management & reporting support to the power producer in tracking all the
costs incurred before, during & after the project implementation stage.
On- going support:
MYC shall provide complete support to the power producer in making regulatory accounting compliance
on regular basis as per NEPRA requirements. In addition, being an expert cost & management
accountant, MYC shall offer support on managing break-up of fixed & variable costs .work out various
managerial analysis for cost control, optimizing efficiency and improving processes.
We hope you will consider our proposal for any of the ongoing or under consideration future power
project and provide us an opportunity to offer our value added services to your organization of high
repute.
M.Yousuf Khan FCMA, MIPA-Australia
CEO
Regards

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MYC INVESTORS FRIENDLY ONE
WINDOW SERVICES TO SUPPORT THE
HYDRO POWER OPPORTUNITIES IN
PAKISTAN

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Steps for setting up a power project in Pakistan. MYC Value Added
Support Services Snapshot:
GOP-Short term
capacity addition
initiative
Registration with
AEDB
Registration with PPIB
fee-US $ 200
PPIB proposal
Approval (fee US $
20,000/-)
Submission of PG U.S $
1,000/MW by sponsor
company
Issuance of LOI by
PPIB
Issuance of LOS by
Provincial PPC
Submission of Teriff
Petition & Generation
Licence to NEPRA (be
within 3 months
Issuance of Tariff
determination by
NEPRA

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Submission of PG of
US.$ 5,000/MW + $
80,000 to PPIB (PG
validity COD + 3
months
Issuance of LOS by PPIB
after acceptance of PG
Finalization of
agreements
IA/PPA/FSA
Financial Close within 9
months of LOS
Commencement of
Construction activity
Achievement of
commercial operation
date (COD)
COD has to be within
33 months of LOS or 24
months of IA
whichever is earlier

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Core Team Members:
Aziz Raza B.E
HOD Hydro Power Projects & Senior Consultant at MYC. Professional
Mechanical Engineer with 25 years of experience!
Experienced professional with solid exposure in hydro power projects
including development, management & construction of power sector
projects. Vast exposure as project director with leading multinational power
/construction company M/S SAMBU Construction Company Ltd. (South
Korea) .Experienced in execution of Engineering Procurement & Construction
(EPC) of 84 MW New Bong Escape, First Hydro –IPP in Pakistan. Working
experience of project development, management & control of 100 MW Golen
Gul project. Project manager of Lowari Tunnel project.

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Core Team Members:
Mansoor Qaiser
HOD Tariff & Regulatory Services at MYC
Having around 20 Years of professional
experience in Telecom & Power sector cost
modeling & tariff regime .Expert in power
sector feasibility studies HCA, FAC, LRIC,
based Tariff Management, Regulatory &
Separated Accounts, Telecom Costing
Models of Pakistan largest Telecom
Operator.
M.Yousaf Khan CEO MYC
FCMA, MIPA-Australia.ACSP. M.A
Economics. Member RITBA, ICCI & ASG.
Corporate Trainer, Coach & Mentor.
Having around 20 years of professional
experience in Cost Management, Tariff &,
Feasibility studies, Power sector projects
support, Business modeling, Interconnect,
Telecom cost modeling corporate
restructuring, taxation, SOPs &
organizational development.

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Zakir H.Satti ACMA, ACIS
HOD Power Services & Senior Consultant at MYC with
23 years of experience.
Expert in Revenue & Regulatory Accounting, Cost
unbundling, Regulatory Economics, Interconnection,
Interconnect Settlement & International Settlement
Rates, Consultant. Expert in power sector tariff
determination, feasibility studies, project implementation,
working with WAPDA & NEPRA (CTO) Common Wealth
Telecommunication Organization in PNG. Delegate on
SAARC Technical Committee on Telecommunication
and Transport. ITU trained on Price-Setting and
Interconnection (https://www.itu.int/ITU-
D/finance/work-cost.../Listofparticipants.pdf).
JTEC/KDDI (Japan) trained in international telecom
business.

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MAJOR ASSIGNMENTS PERFORMED:
Client Classification Nature of assignment Period
SAMBU-Korean
Company
Hydro-electric
power project
Financial feasibility, EPC support
working on 84 MW New Bong Escape
Hydroelectric power project, financial
& Technical support till Defect Liability
Period) pre & post implementation for
management decisions.
2011-2014
Golen Gull
Hydro-electric
power project
Technical assistance on complete
project development & EPC support
8p2-German
based alternate
energy Company
Solar Power &
alternate energy
Projects
Feasibility study & internal audit of the
pre & post implementation of various
project 2013-2015
NEPRA
Power Sector
Projects
Hearing on various issues relating to
review on the financial & costing
issues/aspects pertaining to project
feasibilities by IPPs and technical
recommendations in the form of
interventions /comments etc.
2014-2015
SECP/ICMAP
National level
Restructuring
Framework for
Development
sector.
Development of new NGO sector
regulatory & Management Framework
to replace multiple statutes. (under
process).
2014 & to date
ICMAP
Cost Audit,
Regulatory
Regime.
Development of Cost Accounting
Standards & Cost Accounting
Framework
2012-to 2014
READ Foundation-
Registered u/s 42of
the Companies
Ordinance 1984
Special audit
Special audit of the fund on donor
request. This special audit resulted in
great value addition to the donor &
grant recipient as lot of hidden issues
were pointed out with
recommendations for improvement
2015

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NIH
Financial
Management
Internal Audit,&
Taxation
Compliance
Internal Audit in compliance of US
Government CFR regulations.
Physical verification of Influenza
control program,
Verification of technical and non-
technical assets.
Internal Control Manuals,
SOPs & Financial Reporting System
2013 to date
SECP
Cost Audit,
Regulatory
Regime.
Member of Joint committee of
ICAP/SECP & ICMAP on Development
of Cost Accounting Standards, Cost
Audit Standards & Cost Accounting
Framework
2012-2014
OMANTEL
Telecom
Regulatory &
Costing Regime
Development of detailed terms of
Reference (TORs) for execution of
regulatory /cost audit on ACCESS
DEFICIT NET OF CONTRIBUTION
(ADNC) to be conducted on behalf of
Telecom Regulatory Authority of
Oman (TRA)
2012
NIH
Financial
Management
Internal Audit,&
Taxation
Compliance
Internal Audit in compliance of US
Government CFR regulations.
Physical verification of Influenza control
program,
Verification of lab technical and non-
technical assets.
Internal Control Manuals,
SOPs & Financial Reporting System
2013 to date
COMSTECH- OIC
Standing Committee on
Scientific &
Technological Research.
International
Taxation
Detailed analysis of Diplomatic &
Counselor’s & Privileges Act 1972.
OIC Privileges & Immunities Act 1977.
Ensure tax exemption to organization to
the maximum possible extend
Training on of Taxation Regime in Pakistan
for the Organization.
Successfully defended various cases
initiated by FBR against COMSTECH.
2012 to 2014
PTCL
Telecom
Regulatory/
Costing
Development of Cost Model based on
Current Cost (CC) and Long Run
Incremental Cost (LRIC) as per the
requirement of Pakistan
Telecommunication Authority (PTA)
Government of Pakistan.
2006-2007

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CMA Foundation-
Under ICMAP
Statutory Audit
Audit of Financial Statement &
Implementation of Financial
Management System
2013-till date
PEARL
Communication (Pvt)
Ltd a subsidiary of
HASHOO Group.
Taxation Special Taxation assignment 2014
SERONIC
(PRIVATE) LTD.
Audit & Financial
Management
Implementation of Financial
Management System, Statutory Audit
& Taxation Management.
2011-to date
M/S ITROOS
Service provider
to M/S COCA
COLA BOTTLERS
LED.
Audit & Taxation External Audit & Tax Consultancy 2012- to date
NOTE: For further details, kindly contact MYC team for proper guideline.

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Proposal to PPIB should contain the following documents:(glimpse)
z Po Power Plant Details
Contact Person details
Consortium details, including sponsors, equity %age of
sponsors.(This includes details about the financial strength of
the sponsors.
Credit rating/Financial strength of the statement’s data of the
sponsors
Experience of power projects, if any.
Consortium agreement if any and power of attorney in favor of
main sponsor member of the consortium by the other members.
Affidavit of equity commitment & eligibility requirements.
Endorsement of PEPCO/NTDC on fuel, size, technology etc of the
project.

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Eligibility of the Main Sponsor! guide by MYC:
MYC POWER SECTOR VALUE ADDED SUPPORT STRETAGY:
The Sponsor(s) must submit complete information
requested by PPIB. In addition, the Sponsors must submit
all additional / supplemental information if requested for
by PPIB during review of the proposal.
• If the Sponsor(s) is/are a Consortium, there must be a
Main Sponsor appointed through a Power of Attorney
executed by all other Consortium members.
• The Net worth of the Sponsor(s) must be in accordance
with the requirements.(Minimum of 15 times of the equity sponsored)
• The Sponsor (or in the case of a Consortium, one of the
Consortium members) must have the requisite power project
experience.
• The Main Sponsor should not own more than 25% of
the total generation capacity in Pakistan at the time of
submission of Proposal.
• The Main Sponsor will be required to hold at least 20%
of the equity of the Project Company during the “lock-in-period”
which will be from the issuance date of the LOS
until the sixth anniversary of the successful commissioning
of the plant. The Sponsor(s) must together hold 51% of
the equity for the same period.
• When the Sponsor(s) form a new company specifically
incorporated to undertake the Project, the eligibility
requirements herein shall be applicable to the
shareholders of the new company rather than to the new
company itself.

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MYC Value added One window services for power projects:
`
MYC Value
added Power
sector
serviscs
Feasibility Study
Technical support in
Hydro Power projects
including EPC
Legal Support in
drafting
petitions/IA/EPC/FSA
etc
Power Projects
Developemnt &
Management
Optimum
tariff
(Feasibility/EP
C/COD stage
Complete support in
responding
NEPRA/AEDB etc
Securing all
power sector
licenses

MYC Power Sector Services proposal

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