Fatima Energy

Transcription

Fatima Energy

Fatima Energy
Limited
A Fatima Group Company
January 23, 2013
Err —41 S
D D (POD tz)
Registrar
National Electric Power Regulatory Authority
c_
C-11/40-1(1"cì
OPF Building, Shahrah-e-jamhuriat
G-5/2, Islamabad
Subject:
•
Application for a Generation License for Bagasse/Coal based Power Generation
Project
Fazal Ahmed Sheikh, CEO/Director, being the duly authorized representative of Fatima
I,
Energy Limited by virtue of Board Resolution dated January 18, 2013, hereby apply to the
National Electric Power Regulatory Authority for the grant of a Generation License for
bagasse/coal based co-generation power project to the Fatima Energy Limited pursuant to section
15 of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997.
0
("
I certify that the documents-in-support attached with this application are prepared and submitted
in conformity with the provisions of the National Electric Power Regulatory Authority Licensing
(Application and Modification Procedure) Regulations, 1999, and undertake to abide by the
terms and provisions of the above-said regulations. I further undertake and confirm that the
informationprovided in the attached documents-in-support is true and correct to the best of my
r•
P'
knowledge and belief.
A Demand Draft No. BBB10817151 dated January 23, 2013,in the sum of Rs.599,920/- (Rupees
Five Hundred Ninety Nine Thousand Nine Hundred Twenty Only), being the nonrefundable
license application fee calculated in accordance with Schedule II to the National Electric Power
Authority Licensing (Application and Modification Procedure) Regulations, 1999, is
Regulatorj,
also attached herewith.
•
(N,
Cef'
Fazal Ahmed Sheikh
CEO/Director
1;117
-5
a7^71
CD
9- 5
_
11
.•
•
Plant Site: Fazal Garh, Sanawan, Kot Addu, Dist, Muzaffargark PABX: +92 66 2250514-5, Fax: +92 66 2250512
Head Office: E-110, Khayaban-e-Jinnah, Lahore Cantt., PABX: +92 42,111-FATIMA (111-328-462), Fax: +92 42 36621389, Web: www.latima-group.com
1
`
Fri
ABC No.
ALLIED BANKERS CHEQUE
Allied Bank
path
BBB 10817151
4-3=1n
6361
OR ORDER
tok-cfro--4 k",3 or•-u
pAy t\tcx-hiat Viet-taè., ritot
m_e)
RUPEES 1-7.f‘re-
FOR AL D BANK LIMITED--::
Payable at any branch in Pakistan
Please debit Account No. Ate.A-5-3-ci
r-ctle3 3sr
of branch ()IC t
lTioilfd Signatory
IBS No.7-2_6
Authorized Signatory
IBS No.60:23
DO NOT WRITE BELOW THIS LINE
10E117 LS WO L400001:000 17574000 1000011601CW
Ili
.14
Fatima Energy
Llm
t ed
Err -)1(
January 23, 2013
2-41111'S
Registrar
G-5/2, Islamabad
Subject:
c_ C—.1^0-30"64
Project
ti
I, Fazal Ahmed Sheikh, CEO/Director, being the duly authorized representative of Fatima
r-
information provided in the attached documents-in-support is true and correct to the best of my
•
Regulatory Authority Licensing (Application and Modification Procedure) Regulations, 1999, is
-) \
4LA
Fazal Ahmed Sheikh
CEO/Director
k
ti /I/
‘11 \ c
vv. \ C .. ,(A 0 CI-C( - L j 1 .__1..:---
C_P) 13 iC, C', C. ,l( .c1 (c N'
(, ,',
c' I •
3
(.
(.`
C
Plant Site: Fazal Garh, Sanawan, Kot Addu, Dist. Muzaffargarh. PABX: +92 66 2250514-5, Fax: +92 66 2250512
Head Office E-110, Khayaban-e-Jinnah, Lahore Cantt., PABX: +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web: www.fatima-group.com
isfsmmimwmirmmmsNsiscwaZLL_
At Allied Bank
Nel— ova- licp ,,s19,9.1-
036
PLC'jl‘4141-
Cf
PAY
RUPEES -'((VF-
Rs.=
.
Date
2-3-0,-73
eoz.-4-4 uch
g-2147 :
?Wei, Re-Sula.
Nat-h-
ABC No. BBB 10817151
1."-Lk4'-'11(c4 alL/'^
(Nepe.00
Acte_OR ORDER
ktuatzfre-si
eA"
-t*
FOR AL D BANK LIMITED--
591,1.7\0/_.
iieg 19-5-3-4t-MI 6 361
Please debit Account No.
of branch3
Signatory
IBS No .72_6
-*honed Signatory
IBS No.60;2.3
00 NOT WRITE BELOW THIS UNE
L08 L ? L S LIFO L400001:000 L 7 5 74000 L0000116 0 LOS"
•
•
, Fatima Energy
Limit
ed
IMF/MI
■
411VM
MEM
January 23, 2013
Registrar
G-5/2, Islamabad
Dear Sir,
Application for Generation License — 120 MW Co-Generation Power Project at Fatima
Sugar Mills Limited of Sanawan, Tehsil KotAdu, District Muzaffargargh, Punjab
Fatima Energy Limited (the "Company") is registered with the Private Power and Infrastructure
Board ("PPIB") under Registration Number "3003" as a Co-Generation power project intended
to be situated at Fatima Sugar Mills Limited, Sanawan, Tehsil KotAdu, District Muzaffargargh,
Punjab (the "Project"). The PPIB has, in its letter dated 23rd August 2010, advised the sponsors
to approach NEPRA for award of generation license and tariff determination for the subject
Project.
Therefore, we hereby apply for grant of Generation License for the Company in accordance with
the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (and
the rules and regulations thereunder). Alongside this application, we are also filing an
application for the approval of the generation tariff for the Project.
Although we have aimed to provide a comprehensive application we are available to provide
anything further that you might need in your evaluation.
We look forward to working with you to complete the regulatory process and thereby achieve
financial closing for this Project at the earliest.
Yours Sincerely,
Fazal Ahmed Sheikh
CEO/Director
Head Office. E-110, Khayaban-e-Jinnah, Lahore Cantt., PABX: +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web: www.fatima-group.com
• Generation License Application of Fatima Energy Limited
• Annual Return
• Memorandum of association
• Certificate of Incorporation
• Private Power and Infrastructure Board acknowledgement
• Project Organization
• Curriculum Vitae
• Accounts and Financial Statements
• EPC contractors Profile and Experience
• Board Resolution
• 0 & M offer
• Technical Abstract
• Fatima Energy Limited Profile
• Fatima Group Profile
• Affidavit
GENERATION
LICENCE APPLICATION
OF
FATIMA ENERGY LIMITED
E -110, Khayaban-e Jinnah (DHA Boulevard) Lahore Cantt.
R IAA LAW
5.511113r
LEX
5,1,5 5 .5,,C
MUNDI
i.F5+5
PROJECT OVERVIEW
A.
Background:
The project company is a public limited company with the title of Fatima Energy Limited
("FEL") with its principal office located at E -110; Khayaban-e Jinnah (DHA Boulevard) Lahore
Cantt. FEL was incorporated under the Companies Ordinance 1984 on 22"June 2004.
Pursuant to the National Policy for Power Co-Generation by Sugar Industry 2008, FEL
submitted its proposal to the Private Power and Infrastructure Board ("PPIB") to develop a
state of the art co-generation power plant with a capacity to generate electricity of
approximately 120MW through the consumption of bagasse and coal to be situated at the
site of Fatima Sugar Mills Limited ("FSML") in Sanawan, Tehsil KotAdu, District
•
•
Muzaffargargh, Punjab (the "Project").
In response thereof, PPIB vide letter dated 23rd August 2010 communicated the formal
registration of FEL under Registration Number "3003" and advised the Sponsors to approach
the National Electric Power Regulatory Authority ("NEPRA") for award of generation licence
and tariff determination for the Project.
B.
Site:
The Project is to be located on an area of 62 acres (including 16 acres for a residential colony
adjacent to FSML) located along the G.T. Road KotAddu (towards north) between
Mehmoodkot and Sanawan (a city of Punjab located at about 425 km Westside of Lahore),
Tehsil KotAdu, District Muzaffargarh, Punjab. The location of the Project is shown on a map
•
•
attached as Annexure-1 (the "Site").
C.
Plant Utilization:
The gross capacity of the Project shall be 118.9 MW based on Spreader Stoker technology
which is proven for efficient burning of dual fuel biomass and coal. Weighted average net
capacity of 50.53 MW out of the total weighted average net capacity of 100.53 MW shall be
available for off-take by the Power Purchaser; whereas the remaining weighted average net
capacity of 50 MW shall be sold directly to bulk power consumers. The rationale behind
such bifurcation in a single project/SPV (and not developing a separate project/SPV) is that
(i) the 118.9 MW (gross) Project would benefit from economies of scale with lower costs
being passed on to the consumer (as compared to the development of two separate
projects of 60.00 MW (gross) and 58.89 MW (gross) each); and (ii) there would no need to
duplicate such facilities which are presently contemplated as being shared facilities between
the bifurcated single project/SPV (which thereby would not unnecessarily increase the
cost/burden on the consumer).
D.
Interconnection with National Grid:
The load flow analysis has been carried out for system operating conditions of January and
August/September corresponding to the typical winter and summer seasons in order to
evaluate the identified interconnection options for the Project in light of NTDC's Grid Code.
A new 132kV double circuit transmission line approximately 35 km long on Rail conductor
from the FEL power plant to Muzaffargarh New 220/132kV substation will be developed.
Interconnection has been studied and evaluated in detail, and it has been found reliable and
hence recommended.
III
•
E.
Environmental and Social Impact:
The Project is designed to generate electricity through consumption of bagasse and coal.
Bagasse is an environmental friendly fibrous residue of cane stalk which contains no sulphur
and less than 4% ash and is a source of generation of clean energy. Therefore, the
development of co-generation power project could reduce dependence on fuels for thermal
power generation and increase diversity in Pakistan's electricity generation mix thereby
reducing greenhouse gas (GHG) emissions.
An Initial Environmental Examination ("IEE") has been conducted for the Project by SGS
Pakistan Private Limited.The IEE refers to an Environmental Management Plan ("EMP")
prepared for effective implementation and management of mitigation measures, wherein a
delivery mechanism is provided to address potential impacts of project activities, to
enhance project benefits and to introduce standards of good practice in all project activities.
•
•
The EMP has been prepared with the following objectives:
•
Defining legislative requirements, guidelines and best industry practices that apply to
the project;
•
Defining mitigation/monitoring plan required for avoiding or minimizing potential
impacts assessed by the IEE;
•
Defining roles and responsibilities of the project proponent and the contractor;
•
Defining requirements for environmental monitoring and reporting;
•
Defining the mechanism with which training will be provided to the project personnel.
Environmental sensitivities and impacts, as well as the associated mitigation plan have been
addressed in the EMP. Further, FEL shall ensure that the project staff will be adequately
trained in Health Safety and Environment sensitivities and operational management
procedures, so that all levels of staff effectively contribute to impact prevention and
mitigation at all times.
The project will generate approximately 1000-1500 jobs during construction phase and
about 100 or so during operation phase. Most of these vacancies will be filled by Pakistani
nationals. It is expected that about 25% of the available jobs will be for unskilled personnel;
and these jobs will be provided to the locals belonging to the Project area (as the latter do
not have the required education or skill for the skilled or semi-skilled jobs for the Project).
Fatima Group has a number of on-going community development programs which includes:
•
•
Donation for flood relief in case of a flood in the region.
•
Construction of Sanawan College for girls etc.
F.
Plant Characteristics & Technological Configuration:
•
which is proven for efficient burning of dual fuel biomass and coal. There are very few
equipment suppliers globally who are specialist in this kind of technology owing to
specialized techniques to incorporate either biomass or coal. Foster Wheeler of Spain was
selected after detailed due diligence and competition for the supply of boilers. For the boiler
combustion system, Detroit Stoker Company of USA has been selected for providing its
special Rotograte system which is considered as one of the best in the world. For steam
turbines, Siemens was selected for supply of two full condensing/extraction turbines for the
Project.
Sugarcane Crushing Season: One boiler will burn bagasse as fuel while the other boiler will
•
•
use coal (as bagasse produced by the sugar mills is only sufficient for one boiler load). Owing
to process requirement of FSML steam turbine will operate in extraction mode supplying up
to 210 t/h low pressure steam from FEL consequently reducing net available capacity of
plant. Since both boilers would be operating on different fuels two separate tariffs during
crushing season are being sought namely bagasse-season and coal-season to cover different
operating scenarios.
Off-Season: Both boilers will use coal as fuel. Further, all necessary measures shall be taken
to acquire additional biomass from surroundings industries; and it is estimated that one
boiler would be able to generate electricity on biomass for at least 60 days during the OffSeason. During off-season, steam turbines will operate in full condensing modes and
turbines have been designed to accommodate full steam generation of boiler providing
additional electricity to the national grid
G.
Overall Plant and Energy Balance:
Each unit will be designed, manufactured, installed and commissioned as per internationally
accepted practices and standards. The Project's estimated key performance data and energy
balance is set out below:
Off Season
Crushing Season
107.54
88.78
201
120
Net Capacity (MW)
Days Operation
Net Capacity (weighted average)
•
Net Plant Efficiency (weighted average)
H.
100.53 MW
28.00%
Plant Commissioning, Operating and Maintenance Philosophies:
Energy environment requires a smart approach for the commissioning, operations, and
maintenance of power generation facilities. The commissioning process follows the
construction of the plant and facilities and brings it in operation in a safe and controlled
manner. During commissioning the plant will be operated over a range of conditions to
ensure that it can operate reliably and efficiently, when in operational service. All the
project activities including commissioning and testing will be supervised by the FEL team
along with appointed French consultants CdF INGENIERE who have successfully
commissioned similar bagasse/coal fired projects in other countries.
The philosophy behind the O&M approach is to have the operational excellence and
performance optimization. Fatima Group promotes the reliable and economic plant
•
•
operation through predictive maintenance programs to avoid unplanned outages.
Operation and maintenance of the Project shall be carried out in accordance with the
prudent cogeneration plant practices which include:
•
Arrangement of a complete and competent operation and maintenance staff and the
supervision and management thereof.
•
Execution of all necessary day to day services and maintenance (as well as major
overhauls) in accordance with original equipment manufacturer's instructions.
•
Operation of the plant within the operation criteria.
J.
Training and Development:
The EPC Contractor shall carry out the training of the Employer's Personnel in the operation
and maintenance. During commissioning and start-up period, vendor specific training will be
provided on-site to the Employer's personnel for specified specialist skill necessary for the
operation and maintenance of the plant machinery and equipment.
For sustainable optimized performance, Fatima Group offers excellent opportunities and
prospects for personal and professional growth. It has its own technical training centres and
a training need analysis (TNA) based program which determines the training needs and
provides training to its employees. The program has cross-functional trainings for the
availability of multi skilled people. In order to upgrade the technical capabilities, different
national and international certification programs are offered to its employees. Fatima Group
has its own succession plan for the employee which is implemented under Management of
•
Personnel Change (MOPC).
•
K.
Safety:
/
Fatima Energy Limited will adopt corporate guidelines to ensure safety of men and material
deployed at plant site. Fatima as a group strives to ensure that the community works in a
healthy, safe and environmental friendly atmosphere. For this reason the company has
designed its values and behaviours amongst which Health, Safety and Environment (HSE) is
of utmost importance and priority. Fatima Group is committed to building a safe and
healthy workforce that contributes towards the business growth and sustainability. It has a
proactive approach to achieve zero harm and making endeavours to align itself with
internationally recognized DuPont Safety Management Systems.
L.
Capital Budget:
The project is expected to cost US$ 234.66 million inclusive of all costs, with the EPC
contract representing approximately US$ 173.62 million of the said amount. The balance
includes land, project development, pre-operational costs, project specific non EPC costs,
financing/insurance fees, expenses of consultants and all professional fees as well as
overheads of the company.
M.
Reference Project Cost:
Project Cost
USD Million
EPC
•
•
173.62
Non EPC Cost
8.25
Custom Duties & Withholding taxes On Shore EPC
8.40
Lenders' Fees and charges
6.16
Insurance
2.34
Fuel during testing
1.35
0 & M Mobilization Advance
2.00
Development Cost
8.12
Project Cost (before IDC)
210.24
Interest during construction
24.42
Total Project Cost
N.
234.66
Financial Plan:
The Project Cost will be funded on the basis of a Debt: Equity ratio of 75:25 implying a total
debt requirement of USD 175.99 million; and a total equity requirement of USD 58.66
million, based on a Project Cost of USD 234.66 million.
0.
•
•
Implementation Schedule/ Timeline:
The following provides the key dates for the Project development:
Registration with PPIB
23Aug 2010
ITB Issued
21 Jul 2011
Evaluation of the Bids
31 Jan 2012
Negotiations and award of the EPC Contract
31 Jan 2013
Filing of tariff petition with NEPRA
1 Feb 2013
Issuance of Tariff Ruling by NEPRA (Expected)
30 Apr 2013
Posting of Bank Guarantee with PPIB & LOS
15 May 2013
Financial Closing
31 May 2013
Commercial Operations Date
30 Nov 2015
In light of above schedule, the plant will be fully operational to generate electricity by 1 Dec
2015.
P.
Main Sponsor
Fatima Group has its roots since 1936 when the family commenced business. Thereafter,
with the hard work done over the last 75 years, the third generation of the same family now
owns Fatima Group as one of the most reputable industrial and multi-disciplinary groups of
Pakistan. Today, the Group with a work force of 10,000 personnel is engaged in trading of
commodities, manufacturing of fertilizers, textiles, sugar, mining and energy. The Group has
made exceptional progress in the last two decades by achieving a turnover of circa USD 728
Million and EBITDA of USD 264 Million. Further, the Group currently operates captive power
plants with cumulative capacity of 159 MW - supplying electricity to various entities within
the Group.
FSML, the Sponsor Company, is one of the vital units of Fatima Group principally engaged in
the business of manufacture and sale of white refined sugar and molasses (as a by-product)
•
•
with its daily crushing capacity of 10,500 MT. The resulting bagasse from the sugar is
planned to be utilized as fuel in the Project. FSML was incorporated as a public limited
company in 1988 and the mills are located at FazalGarhSanawan, Tehsil KotAdu, District
Muzaffargarh in the Province of Punjab.
The Project is being developed through Fatima Energy Limited, a public limited company,
which is sponsored by the Fatima Sugar Mills Limited. Fatima Group financials are:
Fatima
International
Divisions
Trade
Fertilizers
•
•
Companies
Status as at
Textile
Sugar
Pakarab
Fatima
Fazal
Reliance
Fatima
Reliance
Fertilizers
Fertilizer
Cloth
Weaving
Sugar
Commodities
Total
Total
31st Dec
31st Dec
30th Jun
30th Jun
30th Sep
30th Jun
Rs
US $
2012 (Est.)
2012 (Est.)
2012
2012
2012
2012
(Million)
(Million)
Total Assets
53,149
78,741
20,577
5,935
10,116
6,298
174,816
1,784
Shareholders'
19,427
28,540
9,266
2,115
6,317
5,078
70,743
722
Net Sales
8,083
29,778
19,750
8,699
4,631
362
71,303
728
Gross Profit
1,637
16,550
2,831
914
602
88
22,622
231
EBITDA
3,041
16,248
3,210
846
837
1,710
25,892
264
Equity
Q.
Management Capability:
The Management Team of Fatima Energy Limited consists of energetic, highly qualified and
experienced professionals. They excel in qualities like leadership, collaboration and project
management etc. They have experience in managing the large industrial projects and
commercial businesses. These Professionals are proficient with technical and
entrepreneurial skills. They are confident, dynamic, creative and ready to take future
challenges.
R.
Plant Detail
1.
Name of Applicant
Fatima Energy Limited
2.
Registered Office
E-110,
Khayaban-e Jinnah
(DHA
Boulevard)
Lahore Cantt.
3.
Business Office
Office # 28-30, 2nd Floor, Park Lane Tower,
Mall of Lahore, Lahore 54810
4.
Plant Location
Fatima
Sugar
Mills
Ltd.,Sanawan,
Tehsil
KotAdu,District Muzaffargarh, Punjab, Pakistan
5.
Type of Facility
Co-Generation Power Project
6.
Proposed Buyer
NTDC and FSML/other BPC(s)
7.
Plant Configuration
2 x 60 MW Cogeneration
8.
Emission values
NOx 1200mg/Nm3 dry at 6% 02
SOx. 1500 mg/Nm3 dry at 6% 02
50 mg/Nm3 dry at 6% 02
Dust
CO
800mg/Nm3 dry at 6% 02
9.
Installed Capacity
118.9MW gross
10.
Auxiliary Consumption
11.36 MW
11.
Net output (MSC)
Off Season 107.54 MW , Season 88.78MW
12.
Life of facility
30 years
<-.
ANNEXURE-1: SITE MAP
Kot Qaisrani
•
Ahmed ur Sia
Taunsa
•
•
•
Sherga
•
era Din Panah
s
Kot Addu
Mamdanl
•
Kabirwalj
Kula
Shah Sa udain
•
anawan
PROJECT LOCATION
•
ahmood Kot
MULTAN.
14AU
a Abad
Chhutta
Rap Ram
Legend
Shah Sultan
•
Provincial Boundary
IJarnpur
Super Highway
Shah Sultan
Mug haian
•,
Road Netwrok
-
Jatoi
Jeep able Track
ala
P•11
1.11
Railway Track
BaOwala
•
River
Proposed Project
Site Area
•
Alipur
Fazilpur
1
Janpur
Town
Airport
unyapur
•
Agilpur
•
Mohib Stints
ch Shall
ttubarakpur
•
23htned Pur East
11d" C I OH
Form A Pg.
THIRD SCHEDULE
[ St sec1100 106 ■
FORM A - ANNUAL RETURN OF COMPANY HAVING SHARE CAPITAL
V047770
1 rfexstf.,[fp, ffu
FATIMA EtiERG‘r LIMITED
flafeeI the ',Drnpan,
,,C111/201
riff.
[f
•
ear,
72/11,2012
I e (111 [1,1, F.100, fear.,
PART - A
1 1OHCRE CANT' lall/re fepqab
E[[110 ItHAYfatiA[fl E P01114 ,
e
[-[1[
• J'e
[It[saI uannlalotaild ;10,111 torn
[u[11•,1
742111328462
[..4356:1283
e [a ti-
[- ft4 - All [ED (OTHER,
IC/A1 I,[..ErfERa.,
0
AU/I.,,,1 [Pare
I/O of :>ha/es
Face Value
Arnr,,rt
200 On 00
10 ■
IS
AA,
C_al 1101
I/O CI .1/Apt
Issue PI[ce
Amount
150 00003
'
`[.e
'[[ 1..1[4 ..1
01
r[fl
1,1[[[tgaue,
hot ur
11 Pa/ If, film a of 11/•1101101P1 I 11,1f1f.ff4
■■
•
111% Held
0 SII■
11 Clifel Exacollv•
F[AZAL AIlMA2/S11E11.11
Jfl
!PC
2610.30437410
41 A L.1,41.°[11.° ROAL. 1,11.1.7 All C All
imps://eservices.seep.gov.pk/eServices/EFormCorarollerServlet?pwscustomFormName-
1 11 2(112
Form A
1),WC
Tt
PQ
0
15. Clismf
' Ian
16 Secretary
A, 6Ar Al I .,IlEI NI II
I 11)11.
hiAt. ST 15 BLOCK-Y DHA, PI
L 1'
1/ Legal Ativizor
Ar,i1)11iRRH11,1
A
l■
114All ROA]) AHURL- 1,,AN I I
18, Auditors.
,3C,LLEM ZNL1(
1J I A AE1V B sh-„.%P
1,1EV. rc IDEA
I a 1 ){.1
19. List 01 Directors on the CIMII of Form-a
A(11;11 • ■
`■
IMA r
M ROAD MULTAN i-AtJTT Pal.mian
43-A oAS■
NJIMArl
4? A I;A.,IM POAD MI ILTAN CANT T Pakistan
+-M' ,f,ALN
'-DAS1M ROAD MULTAN CANT I PAisidu
II I It I tAlPAN 1101
'I)
,
IMAn `.III It'd
t !IC i Al. All I Al ',A,
I
." I
I P.I0K 1 1 All
•
asspc t
1dlIV110111Y
214. ,r,"
Y.1020 -■
4.,
.4,2141
rIA l du rA,AshAti PAP4VAHA COLD P.ik ,st.c ■
i•A rASININnAll Mtil IAN LANI I FaS15Ian
4 S A (.7W,Ito HI Wq I MUI TAN f,ANTT
A %,t,
PrJAD MULTAN CAfJTT
/It
Previous Page
1
Next Page
littps://eservices.secp.gov.pk/eServices/EFormControllerServlet?pwscustomForniName= . .
1 5 '1 1 2(112
;
1(
1 term '\ Pg. 2
19. List of Directors on the date of Form-A
It Pat "TOT
Ar;r1recs
Natior,fity
Previous Page
Text Page
https://eservices.secp.gov.pk/eServices/EFormControllerServiet?pwscustomFormName-..
vl ,
. 1511'2012
c -I
'Form A Pg. 2
PART-B
20 List of members & debenture holders on the date upto which this Form A is made
f
hr,
f•f.f.f•
N1Hiff,Arc.:12(-1., enture
Holders
P,INaff Ahrlit.d fkikhtar
;
;h-,1kh
Mr f .,•sal A hmu.1 Uukrur
Add,ps,
ttat.onai4,
43 A GaSIM R'03d NitlItan Cann FIakiktat,
4 1 A C.)as•rn Road Mullan C'antt Pakistan
tic ct
dJUrJ
`■
ki09.
4 1 A [Jason Read Mullan Gantt PakIstari
4 A c_1,4m raj Multan Cantt Pakistan
Mr, f itutrl 17,1
1'1J-I ,.r t.1 ahrnr, , Ei I, 1, 1
43-A
itt
Road Multan unit Fakr,tar,
',TPFE
1.2 r 'AVALAR Pa$,Ist
%man t.artt'Paki,44,1
■
r:10,4r, Roa.I
77
I',c11
1 VIII I ■
Previous Page
Ned Page
littps://eservices.secp.gm,%pkieServices/EFormControllerServlet?pwscustomFormName=...
15, 1 1 '2012
:s
Form A
(,
71 Transfer of shares (debentures) since last Form A was made
Name of Transferee
Nine of Trartsfercir (Members)
I, i,,at
Number CI Share,
Transterr,
r
icump'etrly es Gfl 'he rl rte
,1,--orni &wino ctAternenb, st,Ae the fa. Is correctly aft■
l'
11
•
1'0112012
Ai l',Ar Al I 011111 51 11
11,,t1, 11
t
1110 I_ el,i111,10
✓
SeLretary
Previous Page
Next Page
https://eservices.secp.g,ov.pk/eServices/HormControllerServIct?pwscustomFormNamc- ...
13'1 1 2012
The Companies Oldinance, 19,1
(('011q)11111'
'Millie(' by Shales)
111VIVIORANDUIN1 OF ASSOCIATION
OF
FATINIA EINEIZGY
1.-; A rvi
VNVIZCY
lo,(;r"urp,r,11,01,1,1(1,..
I flintily \\ill Pc
1)1h,
Hy•
1
I
I. )11 ,',
1 )11111
all m ,110; ()1 the ii)ilm1",111'
'0111),111', / 1:; C!,1;11)11:;ht'd
h'110W111/', :,1111 (21.111: ,(•!;, 111(' a'111e. (11 lel (1110
d',Viie', 1 to lunil or any other ';II( 11 :;111) (1;111!;C::).
1'; 10 ',A111111 lb
',Old
141::111(:,; 14(.1(.011(11 y genet:11nm and :,upplici:; of and deall
14 , CM! \
acennuil,Om
elea teal :uid ielated appliances, cables, Nviredines,
accumulate.. distribute and supply elect] iciL
11d 1_11
■
kailps and win
Com the pin po:;e of li;da, heat, motive power, and fot all oilier purpw;(:!;
which (decnical enenl,y can he employed, and to manufacture and deal in all
appat anis and things required lot or employed, and to ► anulactme and deal in
things required fOr or capable of being, used in connection
III apparativ;
ith the ENnetation, distribution, supply, accumulation, and employment of
of
electricity, including in the term electricity all power.that may be dileeilv
inditectiv derived there from or inay be incidentally hereafter discoveted
iu
dealing with clectl icily.
fo aequile and take over the ownership :mil all assets and liabilities or am,
in or Cot poi alion in line with a view them cto to cutlet Mk) 111
lalq!Cillellt and carte into cocci the same with or \villiotil modification.
,ich means of making known the products and business or the
10 adopt :;,
Company as may seem e7-Tedient and in pal ticular by advcilisement and
publicity in the piess or otherwise exhibitions, publication of hooks and
periodicals and by
prizes, reward and din tations.
1
To purchase or acquire, protect, prolong and renew, whether in Pakistan or
elsewhere any patent rights, brevetted invention licenses, protections,
concessions, and the like, which may appear likely to be advantageous or
useful to the Company and to use, turn to account and / or manufacture uncle'
of giant licenses or privileges, in respect of the same and to spend money in
experimenting upon and testMg in or imploving or seeking, to improve any
patents, inventions of tights which the Company may acquire or propose to
tlequire.
1
1
fo acquire, hold or dispose of investments in shaft's, modai.11)
participation icon certificates, tem) finance ceitilicates, mushat
unit lin.tt certificates mutual hind certificates, mutual 1111
debentures, debenture stocks, bonds, obligations and seemilies
company, any ( 4)N/eminent, commission, public body or author
municipal, local or otherwise.
o. To bort ow, or secure the payment of money by the issue of participation let 111
mushauka certificates, unite trust certificates, mutual fund
(srtifi•:111-:, modaraba certificates, term finance certificates, debentures,
debenture stocks, bonds, obligations and securities of all kinds, and secure the
same as nciv seem expedient with full power to make same hansle► ble by
delivery oi by ift:iininclit of tiansfer or otherwise on the untie! taking of the
company of upon ttIP' specific property and rights present and future of die
( 'empany or ()Ohl wise, however, collaterally or further to secure :111
:, (2( 111111C,
Company by a trust deed or any other assutance.
any plonk:11v or rights acquired by the Company, either in cash, of
fully paid -hft s or by the issue of securities, or partly in one mode turd patty
in another and generally on such terms as may be determined.
g. To (haw, make, accept, endorse, discount, execute and issue cheques,
omissory notes, bills of exchange, bills of lading, warrants, debentures, and
other negotiable or hansferable instruments but not to aet as banking
company.
I o support and subscribe to any charitable or public object including
cHnations to charitable and benevolent foundations and any institution,
',ociely, or r lub or for any purpose which may be fOr the benefit of the
comp•my or its employees, or may be connected with or for• the benefit and
wc1 fare of any town or place where the Company earl its on business, to ON e
pensions, lnaluities or charitable aid to any persons who may have been
dile( tors of ot may have served the Company, or the wives, children or othc1
or dependents of such persons, to make payments towards insurance,
1('1111
and to fot in and contribute to provident and benevolent funds fOr the benefit
of anv such pclsons, or of their wives, children or other relatives of
dep, lidents.
1 r.
n
/ -7
10. To invest the surplus monies of the Company not immediately required in
such lawful form as may be thought expedient. •
11. To open an account or accounts with any bank or banks and to pay into and to
withdraw monies from such account or accounts.
12. To procure the Company to be registered or recognized in any foreign country
or any place for the promotion of any business of the Company.
13. To enter into partnership or arrangement in the nature of a partnership,
operation or union of interest, with any person or persons, Compal
Corporation engaged or interested or about.to become engaged or interes
the carrying on or conduct of any business or enterprise which the compa
authorised to carry on or conduct or from which the company would or '.11'
derive any benefit.
11 'I sell or dispose ()I' the undertaking of the Company or any part thereof in
such manner and for such consideration as the Company may think lit and in
pain( tilar lot shales, debentures, debenture stocks or securities of any other
company whether p► omoted by this Company for the purpose or not, and to
improve, manage, develop, exchange, lease, dispose of, turn to aconint, Or
otherwise deal with all or any part of the property and rights of the Company.
15. To pay all the preliminary expenses of any kind and incidental to the
lormation and in/ ()rpm ation of the Company out of the funds oldie Company.
16. To distribute any of the company's property among the members in specie or
in any mdmier whatsoever.
17. To accept shares, Mamba certificates, participation term certificates, term
finance certificates, musharika certificates, bonds, debentures or other
securities of any other company in payment or part payment of any services
rendered or for any sale made to or debt owing from any such company but
not to act as investment company.
18. To advance money to staff members, customers and others having dealing
with the Company with or without security upon such terms as may deem
expedient.
19. To give any guarantee in relation to the payment of any loan, debenturestocks, bonds, obligations, securities in respect of this company.
20. To create any reserve fund, sinking fund, insurance fund or any other special
fund whether of depreciation or for repairing, insuring, improving, extending
or maintaining any of the property of the Company or for any other purpose
conducive in the interests of the Company.
3
To issue any shares of the Company at par or at premium or at a discount
21.
subject to any permission required by law.
22.
'fo remunerate any person or Company for services rendered or to be rendered
in placing or assisting to place or guaranteeing the placing of or under-writing
of any of the shares in the company's capital or any debentures, debenture
stocks or other securities of the Company, or in or about the formation and
promotion of the Company or the conduct of this business.
ity„ sopicm•,
To enter into any arrangement with any Government or audio]
municipal, local or otherwise that may seem conducive to the Company's
ily
objeck or ;my of them and to obtain from ally such ( lovernment or author
all rights, concessions and privileges which the company may think hi
desirable to obtain and to carry out, exercise and comply with any such
arrangements, rights, privileges and concessions.
24.
And generally to do all such other things as are incidental or conducive to the
attainment ()Idle above objects or any of them.
25. Notwith::Linding, anything stated in any object clause, the Company shall
approval or license from the competent authority, as may be
obtain
required oildcr any law for the time being in force, to nuclei lake a particular
husiness.
26.
It is declared Ihat notwithstanding anything contained in the foregoing object
clause of this Memorandum of Association, nothing contained therein shall he
construed a:, empowering the Company to undertake or to indulge in business
of hankies, company, banking leasing, prepayment sales scheme, lottery
scheme, investments, managing agency or insurance business (litcelly or
indit ectly as restricted under the law or any unlawful oper
;i
1,V2A
MI,11'
I itAi?,
I
}1,...()7(,(1;
,I
Mr-,
LA/Al
IAl
[Al I I
Mrs
AMP
Il2II I
MAI IMOOI)
PAIG
:Iron) Pily
LIABILITY:
I 1 11c (I ill, 1
The liability of the members is limited.
;
V.
CAPITAL:
The capital of the Company is Rs.10,000,000 (Rupees Ten million only) divided
into 1,000,000 ordinary shares of Rs.10 (Rupees ten only) each with the power to
increase and reduce the Capital of the Company and to divide the shares in the
Capital for the time being into several classes.
A
.,'e- the several persons whose names and addresses are subscribed below are desirous of being formed into
pursuance of this Memorandum of Association and respectively agree to take the number of
Shat Cc, in the Company's capital as set opposite to our respective names:
a Company in
Name &
Surname
(Present &
Former)
in Full
(In Pluck Letters) -FAWAD AHMED
MUKHIAR
SHEIKH
36302-2741274-7
FAZAL AHMED
:DHEIKH
41!,302-0543241-9
AISAL
‘,1UKHTAR
SHEIKH
322-87-026025
-- ---- ---- _MIS AMBREEN
F AWAD
36302
FATIMA
Mr:,
FAZAL
36302- ,
Mrs ME/INAZ
AM[1:1
36302IF-M[1AR
MAHMOnN
Number of
Shares
taken
By each
Subscriber
Father's/Husband's
Name in Full
Nationality
With any
Former
Nationality
Occupation
Residential
Address
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Industrialist
43-A
Road,
Cantt.
Qasim
Multan
5000
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Industrialist
Qasim
Multan
5000
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Industrialist
43-A
Road,
Cantt.
43-A
Road,
Cantt.
Qasim
Multan
5000
Mukhtar
Mian
Ahmed (:theikh
Pakistani
Industrialist
Hap Habib Ullah
Hall
Hakistniti
Industrialist
ABDUL SAffAR
;UL I AN AI IMED
Industrialist
Pakistani
Service
(Private)
Pakistani
BAIG
36302-8146686-3
Signe
.. —
lc--
Qasim
43-A
Road, Multan
Gantt.
Qasim
43-A
Road, Multan
_
Cantt.
Qasim
43-A
Road, Multan
Cantt.
140-Hassan
Parwana Road,
Multan
5000
5000
,°, '
5000
Odf.J
5000
//
TOTAL 351)00
-7) ..N..
'P
d
ied the 101' day of June 2004
V°
Multan
rA
Witness to above Signatute:
Atklicss.
K iL„,
' ';■
'%/., '
Shahid Ismail
243-A, Shah Rukn Alam C
NIC
36302-2040404-9
Name:
t;5',t._,:it.,31t, the c
any
In the Register of Companies
,I CERTIFIED TO BE TRUE COPY
-.2
) S. No. of the document ____
) Name of the Company _4art
C)
d) Description of the hs
Including enclosurfs
cf
t 0 ,i_ 1
e) Filed this .',2,1......h.L(Pay. cif _ -frt,--c -. 2
Under the Provisions of die Companies
•
r.
JOINT REGISTicompAnuir
COMPANY REGISTRATION OFFICE
LAHORE.
Ordinatiee, 1984
✓
5
1".
Joist Registrar of Companier
MULTAN REGION. MULTAIs(
C
271
rn fri Vierr; Tr17
STAN
1,1 I
The Companies Ordinance, 1984
(Company Limited by shares)
ARTICLES OF ASSOCIATION
OF
FATIMA
ENERGY LIMITED
I. PRELIMINARY
.
T he Regulations conlained in Table 'A' of the First Schedule to the Companies
.
Ordinance, 1984 (the Oldinanee) shall not apply to the Company except as may be
41)
S
repro(hiced herein.
The marginal note:; hetet() shall not affect the construction hereof and in these
_-,.
present:, unless there is soinetiling i 11 the subject or context inconsistent therewith:
(1) " [Ile Company" moans FATIMA ENERGY IAMITED.
(ii)
\Voids signifyiiw the singulat numbers shall include the plural and vice versa.
(iii) V,7 olds signifying mdles shall extend to and include females.
(iv) Words signil.yMg persons shall apply mutates mutandis to corporations.
(v)
"The Ordinance" or "the said Ordinance" means The Companies Ordinance,
1934" as amended horn time to time.
,vi) The word "month" shall mean calendar month according to the English style.
(vii)
The words "Special Resolution" and "Extraordinary Resolution" shall have the
meanings assigned thereto respectively by the Ordinance.
(viii) "Members" means member of the Company in accordance with the provisions of
Sect ion 2(1)(21) of the Ordinance.
) The words "The Office" means the Registered Office for the time being of the
(ix)
Company.
(x)
The word "Directors" shall mean the Directors for the time being and shall include
alternate Directors.
(xi)
"'1 lie Secretary" means the ;ecietaty for the time being of the Company.
111
(xii) The word "Board" means a meeting of the Directors duly called and constituted or
as the case may be, the directors assembled at a Board.
•
(xiii)
"Proxy" includes an attorney duly constituted under a power of attorney.
(xiv) The word "Dividend" includes bonus.
(xv)
Subject as aforesaid any words or expressions detained in the Ordinance shall,
except \vhere the subject or context forbids, bear the same meaning in these
Articles.
(xvi) The word "Seal" means the Common Seal of the Company.
(xvii)
he words "The Register" means the Register of Members to be kept pursuant to
Seelion 147 of the Ordinance.
•
,xviii) 'I he words "in writing" or "written" include printing, lithography and other modes
of rept esenting words or reproducing words in visible form.
•
No shareholder or other person except to the extent expressly permitted by the
3.
Oldinance or these Regulations, or any covenants made by the Company, shall be entitled
to enter the propery of the Company or to inspect or examine the Company's books of
ion of the Directors of Company for the time being or to
account without the permiT,
reouil c disclosure of any information respecting any detail of the Company's business or
in the nature of a trade secret, mystery of trade or secret
any ► atter which is e ► may b•
which may relate to the conduct of the business of
,1):11•;never
process c)i- or ;In) matter \\
the Company and which in the opinion of the Board, it might be inexpedient in the
interest of the members of the Company to communicate.
II. BUSINESS
The business of the Company shall include the several objects expressed in the
Memorandum of Association or those which arc within its scope and meaning and all
incidental matters taken or to be taken in hand, as the Directors in their discretion shall
think fit, and all matters which may appear to the Directors to he expedient for attaining
these objects. The business shall be carried on by or under the management of Directors,
subject only to such control of General Meeting as is provided for by these Articles and
4.
the Ordinance.
The Directors shall have regard to the restrictions on the commence
business imposed by Section 146 of the Ordinance if and so far as those testi]
ti
binding upon the Company.
,o
III. CAPITAL
(a) SHARES
The Capital of the Company is Rs.10,000,000 (Rupees Ten million only) divided
6.
into 1,000,000 ordinary shares of Rs.10 (Rupees ten only) each.
The minimum subscription upon which the Directors may proceed to allotment
7.
has been fixed by the Directors at Rs.350,000/- only.
The Directors shall observe the restrictions as to allotment contained in section 68
8.
of the Ordinance.
•
Subject to the provisions of the Ordinance and Article 41 and the remainder of
9.
these Articles, the shares in the Capital of the Company for the time being shall be under
the Control of the Directors who may allot or otherwise dispose off the same or any of
them to such person and on such terms and conditions as the Board may think fit, subject
to Section 84 of the Ordinance, the Board may issue shares at a discount.
The shares in the Capital of the Company may be allotted in payment for any
10.
property sold or transferred, goods or machinery supplied or for services rendered to the
Company in or about the formation or promotion of the Company or the conducts of its
business, and any shares which may be so allotted may be issued as fully paid up
otherwise than in cash, and if so issued shall be deemed to be fully paid up shares as
aforesaid.
No share shall be offered for subscription except upon terms that the amount
11.
payable upon application shall be full amount, and the Directors shall as regards any
allotment of shares, duly comply with such of the provisions of Section 68 to 73 of the
Ordinance, as may be applicable thereto. A share may be registered in the name of any
limited Company or other corporate body, but not in the name of a firm. Not more than
two persons shall be registered as joint holder of any shares.
The Company shall not give, whether directly or indirectly, and whether by means
12.
of a loan, guarantee, provisions of security or otherwise, any financial assistance for the
purpose of or in connection with a purchase made or to be made by any person of any
shares in the Company, nor shall the Company make a loan. for any purpose whatsoever
on the security of its shares, but nothing in the Articles shall prohibit any transaction
which may be permitted by the Ordinance.
Except as required by law, no person shall be recognized by the Company as
13.
holding any share upon any trust and the Company shall not be bound by or be comp
in any way to recognise (even when having notice thereof) any equitable, cont .
future or partial interest in any shares or any interest in any fractional part of a
(except only as in these Articles or by law otherwise provided) any other rights
of any share except an absolute right to the entirely thereof in the registered hoick
3
The Company shall cause to be kept a Register of Members and index of
14.
Members in accordance with Section 147 of the Ordinance.
The Register of Members and the Index of Members shall be open to inspection
15.
of members gratis.
(b) CERTIFICATE
Every person whose name is entered as a Member in the Register shall be entitled
16.
without payment to one certificate for all his shares of each class, or upon payment of
such sum, not exceeding ten rupees for every certificate after the first, as the Directors
shall from time to time determine, to several certificates, each foreign or more of his
shares. Every certificate shall be issued within three months after allotment or within
forty five days after the lodgment with the Company of the transfer of the shares unless
the conditions of issue of such shares otherwise provide and shall be under the seal of the
Company, and bear the autographic signatures of one Director and the Secretary, and
shall specify the number and class and distinguishing numbers (if any) of the shares to
which it relates, and the amount paid up thereon. The Directors may by resolution
determine, either generally or in any particular case, that the signature of any Director
may affixed by some mechanical means to be specified in such resolution provided that
the use of such means is by such resolution restricted to certificates which have first been
approved for sealing by the Auditors, or Bankers of the Company in writing.
The Company shall not be bound to register more than four persons as the joint
17.
holders of any shares (except in the case of executors or trustees of a deceased Member)
and in the case of a share held jointly by several persons, the Company shall not be bound
to issue more than one certificate therefore, and the delivery of a certificate for a share to
any one of the several joint holders shall be sufficient delivery to all.
If a share certificate be defaced, lost or destroyed, it may be replaced on payment
18.
of such fee (if any) not exceeding ten rupee and on such terms (if any) as to evidence and
indemnity and payment of expenses incurred by the Company in investigating titles as
the Directors may think fit.
Where under the powers in that behalf herein contained any shares are sold by
19.
the Directors and the certificate thereof has not been delivered to the Company by the
former holder of the said shares, the Directors may issue a new certificate for such shares
distinguishing it in such manner as they may think fit from the certificate not so
delivered.
Subject to the provisions hereinafter set forth any Member may transfer
20.
of his shares by instrument in writing in usual or common form or any other
Directors may approve.
4
Zit
I.
0.7‘
TRANSFER DEED
INSTRUMENT OF TRANSFER OF ANY SHARE IN THE COMPANY SHALL BE IN
FOLLOWING FORM OR IN ANY USUAL OR COMMON FORM ACCEPTABLE TO
DIRECTORS:
of
in consideration of the sum of Rs._ ______ _ paid
____
of
to me by
shares
(hereinafter called the Transferee) do hereby transfer to the transferee ____
standing
to
each and numbered
of Rs._____ ____
in my name in the books of FATIMA ENERGY LIMITED to hold un to the Transferee,
his executors, administrators, successors and assignee, subject to the several conditions
on which 1 held the same at the time of the execution hereof, and I, the Transferee do
hereby agree to take the Share(s) subject to the same conditions
As witness our hands, this
day of
, 20
The instrument of transfer of any shares shall be signed by or on behalf of both
21.
the transferor and transferee and the transferor shall be deemed to remain the holder of
such share until the name of the transferee is entered in the register in respect thereof.
ovidud that the Directors may dispense with the signature on the instrument of transfer
by or on behalf of the transfei cc in any case in which they think lit in their discretion to
do so
22.
'the I )vectors may also decline to recognize any instrument of transfer, unless:
(a) The instrument of transfer is deposited at the office or such other place as the
Directors may appoint accompanied by the certificates of the shares to which it
relates and such other evidence as the Directors may reasonably require to show the
rights of the transfer or to make the transfer.
(b) The instrument of transfer is in respect of only one class of shares.
The Directors shall not refuse to transfer any fully paid shares unless the transfer
23.
deed is defective or invalid. If the Directors refuse to register a transfer of shares, they
shall within one month after the date on which the transfer was lodged with the Company
send to the transferee and the transferor notice of refusal indicating the defect or
invalidity to the transferee, who shall after removal of such defect or invalidity be entitled
to re-lodge the transfer with the Company.
There shall be paid to the Company, in respect of the registration of any Probate
24.
r
Letters of Administration, Certificates of marriage or death, power of attome • ettglst
lug lik}ere
documents relating to or affecting the title to any shares, such fee, not e
rupees, as the Directors from time to time require or prescribe.
5
'1
Nothing in these Articles shall preclude the Directors from recognizing a
25.
renunciation of the allotment of any share by the allottee in favour of some other person.
All instruments of transfer which shall be registered shall be retained by the
26.
Company, but any instrument which the Directors may decline to register shall (except in
any case of fraud) be returned to the person depositing the same. The Directors may
cause to be destroyed all transfer deeds lying with the Company after such period as they
may determine.
On giving seven days previous notice the Register of Members may be closed for
27.
such period or periods not exceeding in whole forty live in any one year as the Directors
from time to time direct, but so that the Register shall not be closed Ibr a period longer
hat thirty days at a time.
In case of the death of a Member, the survivor or survivors where the deceased
28.
was a joint holder, and the legal personal representative of the deceased where he was a
sole or the only surviving holder shall be the only person recognized by the Company as
having any title to his interest in the shares, but nothing in this Article shall release the
estate of a deceased joint holder from any liability in respect of any shares jointly held by
him.
)9.
The Company shall not be bound to recognize such executors or administrators
unless they have obtained probate or letters of administration from a duly constituted
Court in Pakistan. Provided nevertheless that in any case where the Directors in there
ah:;olute discretion think lit shall he lawful for the Directors to recognize the title of any
person claiming to he cut if led to the share, whether in a representative capacity or not and
to dispei•,e Nvii It production of probate or letters of administration on the production of
such other evidence of title as the Directors may require, and upon such terms as the
indemnity or otherwise as they may think lit.
Any person becoming entitled to a share in consequence of the death or
";*().
insolvency of a Member may, upon evidence as to his title being produced as may from
iliac to time be required by the Directors and subject as hereinafter provided elect either
to he registered himself as holder of the share of or to have some other person nominated
by hint, registered as the transferee thereof, but the Directors shall in either case have the
same right to decline or suspend registration as they would have had in the case of a
Hamster of the share by that member before his death or Bankruptcy as the case may be.
lf the person so becoming entitled shall elect to be registered himself he shall
1.
&liver of sent to the Company a notice in writing signed by him, stating that he so elects.
It he shall elect to have another person registered he shall testify his election by executing
to that person a transfer of the share. All the limitations, restrictions and prov
the,,e Articles iclating to the right to transfer and the registration of transf
shall he applicable to any such notice or transfer as aforesaid as if the cleat
of a Member had not occurred and the notice of transfer were a transfe
Member.
6
A person becoming entitled to a share by reason of death or insolvency of the
d to
b e entitle we
32.
holder shall (subject to his complying with the provisions of htese Articles) d if he
re
e
ave been entitl
the same dividends and other advantages to which he would h
the registered holder of the share. Provided always that the Directors may at any time
give notice requiring any such person to elect either to be registered himself or to transfer
the share and if the notice is not complied with within ninety days the Directors may
thereafter withhold payment of all dividends or other money payable on or in respect of
the share until the requirements of the notice have been complied with.
A person entitled to a share by transmission shall be entitled to receive and may
33.
give a discharge for any dividends or other moneys payable in respect of the share.
(c) BORROWING POWERS
The Directors may, from time to time, borrow or raise any sums of money for and
34.
on behalf of the Company from any person or persons, firms, banks, companies,
corporation or any other body or they may themselves advance moneys to the Company
on such terms that may be agreed upon by the Directors after the commencement of
business.
The Directors may borrow or secure the repayment of such sum or sums in any
35.
manner and upon any terms and conditions in all respect as they think fit.
Debentures, debenture stocks, bonds, PTCs and other securities issued by the
36.
Company may he made assignable free from any equities between the Company and the
pe rson to whom the same may be issued.
d ebenre scks, bon an ,
Subject to Section 120 of the Ordinance, debentures,
r otherwise and with dsy
37.
PICs or other securities may be issued at discount, premium o
special privileges as to redemption, surrender, drawing, allotment of shares, a tending,
voting at General Meetings of the Company, appointme of Directors orotherwise
and as may be permissible by law.
The Directors shall cause a proper register to be kept in accordance with Section
3S.
35 of the Ordinance of all mortgages and charges specially affecting the property of the
Company, and shall duly comply with the requirements of the Ordinance in regard to the
registration of mortgages and charges.
If the Directors or any of them or any other person shall become personally liable
39.
for the payment of any sum primarily due from the Company, the Directors may execute
or cause to be executed any mortgages, charge or security over or affecting the wh(
any part of the assets of the Company by way of indemnity to secure the D
persons so becoming liable as aforesaid from any loss in respect of such liab
(d) INCREASE AND REDUCTION OF CAPITAL
The Company in General Meeting may from time to time by Spe
40.
increase the Capital by creation of new shares of such amount as ma
expedient. The new shares shall be issued upon such terms and conditions an
7
rights and privileges annexed thereto as the General Meeting resolving upon the creation
thereof shall direct and if no direction be given, as the Directors shall determine and in
particular subject to any restrictions or limitations affecting the initial Capital prescribed
by the Memorandum. Any Capital raised by the creation of new shares shall be
considered as part of the original capital in all respects so far as may be and shall be
subject to the foregoing provisions with reference to the transfer and transmission, unless
it may be otherwise resolved upon by the General Meeting sanctioning the increase.
All new shares shall before issue be offered to the Members of the Company in
41.
proportion as nearly as the circumstances admit, to the account of the existing shares held
by each Member. The offer shall be made by notice specifying the number of shares
olThred and limiting a time within which the offer, if not accepted will be deemed to be
declined and after the expiration of that time, or on the receipt of an intimation from the
person to whom the offer is made that he declines to accept the shares offered, the
Directors may dispose of the same in such manner as they think most beneficial to the
•
Company.
The Company may from time to time and subject to any incident authorised and
42.
equi red by law, by Special Resolution reduce its Capital by paying off Capital or
consent ►
canceling Capital which has been lost or is unrepresented by available assets or by
reducing the liability on the shares or otherwise as may seem expedient and Capital may
be paid off upon the footing that it may be called up again or otherwise.
•
(e) CONSOLIDATION AND SUB-DIVISION OF SHARES
43
The Company may by Ordinary Resolution:(a)
(b)
•
Consolidate and divide its share capital into shares of a larger
denomination than its existing shares.
Sub-divide its existing shares or any of them into shares of smaller amount
than is fixed by the Memorandum of Association subject nevertheless, to
the provisions of clause (d) of sub-section (I) of section 92 of the
Ordinance.
IP
(c)
Cancel any shares, which, at the date of the passing of the resolution, have
not been taken or agreed to be taken up by any person.
IV MEETINGS
(a) GENERAL MEETINGS
The Statutory Meeting of the Company shall be held within the period requi
44.
Section 157 of the Ordinance.
A General Meeting of the Company shall be held once at least in every calendar
45.
year at such time and place as may be determined upon by the Company in General
Meeting or in default of any such determination by the Director, but so that not more than
fifteen months shall elapse between any two such meetings.
The above-mentioned General Meeting shall be called Ordinary Meetings; all
46.
other General Meetings shall be called Extraordinary.
The Directors may whenever they think fit, call on Extraordinary General
47.
Meeting. Extraordinary General Meeting shall also be called on such requisition, or in
default, may he called by such requisitionists, as provided by Section 159 of the
Ordinance.
(b) PROCEEDINGS AT GENERAL MEETING
Subject to the provisions of sub-section 36(1) of section 2 of the Ordinance
48.
relating to special resolutions, twenty-one day's notice at least (exclusive of the day on
which the notice is served or deemed to be served, but inclusive of the day lbr which the
notice is given) specifying the place, the day and the hour of meeting and, in case of
special business, the general nature of that special business, shall be given in the manner
hereinafter mentioned, or in such other manner, if any, as may be prescribed by the
Company in General Meeting, to such persons as are, under the Ordinance or the
regulations of the Company, entitled to receive such notice from the Company. With the
consent of all the Members entitled to receive notice, of some particular meeting that
meeting may he convened by such shorter notice, and in such manner as those Members
may think fit.
All business shall be deemed special that is transacted at an kxtra Ordinary
49.
Meeting, and all that is transacted at an Ordinary Meeting with the exception of
sanctioning a dividend, the consideration of the accounts, balance sheet and the ordinary
reports of the Directors and Auditors, the election of Directors and other officers in the
place of those retiring by rotation, and the appointment of Auditors and fixing their
remuneration.
The accidental omission to give any such notice to or the non-receipt of any such
50.
notice by any of the Members shall not invalidate the proceedings at any meeting.
No business shall be transacted at any General Meeting unless a quorum of
51.
members is present at the time when the meeting proceeds for business. Save as herein
otherwise provided, two (2) Members present personally representing not less than 25%
of the total voting power, either of their own account or as proxies shall be a quorum.
If within half an hour from the time appointed for the meeting a c.
52.
present, the meeting, if called upon the requisition of Members, shall be d .
other case it shall stand adjourned to the same day in the next week in tl
place and if at the adjourned meeting a quorum is not present within h
the time appointed for the meeting, the members present being not less t
a quorum.
9
53.
The Chairman, if any, of the Board of Directors shall preside at every General
Meeting of the Company. If there is no such Chairman, or if at any meeting he is not
present within fifteen minutes after the time appointed for holding the meeting, or is
unwilling to act as Chairman, the Directors present shall choose one of their members to
be the Chairman.
54.
The Chairman may with the consent of any meeting at which a quorum is present
(and shall if so directed by the meeting), adjourn the meeting from time to time and from
place to place but no business shall be transacted at any adjourned meeting other than the
business left unfinished at the meeting from which the adjournment look place. When a
meeting is adjourned for ten days or more, notice of the adjourned meeting shall be given
as in the case of an original meeting. Save as aforesaid, it shall not be necessary to give
any notice of an adjournment or of the business to be transacted at an adjourned meeting.
55.
At any General Meeting a resolution put to the vote of the meeting shall be
decided on a show of hands, unless a poll is (before or on the declaration of the result of
the show of hands) demanded, in accordance with the provisions of Section 167 of the
Ordinance and unless a poll is so demanded, a declaration by a Chairman that a resolution
has, on a ,110 \‘; of hands, been carried, or carried unanimously, or by a particular majority,
or lost, and an entry to that effect in the book of the proceedings of the Company shall be
conclusive evidence of the fact without proof of the number or proportion of the votes
recorded in Devour of or against that resolution.
56.
If a poll is duly demanded, it shall be taken in the manner provided in Section 168
of the Ordinance, and the result of the poll shall be deemed to be the resolution of the
meeting at which the poll was demanded. A poll demanded on the election of a Chairman
or on question of adjournment shall be taken forthwith, a poll demanded on any other
question shill' he taken at such time as the Chairman of the meeting directs.
57.
The hooks containing minutes of proceedings of General Meetings of the
Company shall be kept at the Registered Office of the Company and shall during the
business houts (subject to such reasonable restrictions as the Directors may from time to
time or the Company in General Meeting impose) so that not less than two hours each
day be allowed for inspection be open to the inspection of any member without charge.
(c) VOTES OF MEMBERS
Subject to any special rights or restrictions as to voting, upon which any shares
58.
my be held, every Member present in person or by proxy (or being a corporation present
by a representative) on a show of hands shall have one vote and on a poll shall have one
vote in respect of each share held by him.
59.
Subject to the provisions of these Articles, votes may be given eith
by proxy but no corporation which is a member of this company shall v
long as a resolution of its directors under Section 162 of the Ordinance au
its officers or any other person to act as its representative at any meeting o
shall be in force.
10
The instrument appointing a proxy shall be in writing under the hand of the
60.
appointer or of his attorney duly authorised in writing, or if the appointer is a corporation
either under the common seal or under the hand of an officer or attorney so authorised.
Where there are joint holders of any share, any one such person may vote at any
61.
meeting either personally or by proxy in respect of such shares as if he were solely
entitled thereto; and if more than one of such joint holders be present at any meeting
either personally or by proxy; the vote of the senior who tenders a vote, whether in
person or by proxy, shall be accepted to the execution of the votes of the other holders
and for this purpose seniority shall be determined by the order in which the names stand
in the Register of Members.
•
•
A member of unsound mind, or in respect of whom an order has been made by
62.
any Court having jurisdiction in lunacy, may vote, whether on a show of hands or on a
poll, by his committee or other legal guardian and any such committee or guardian may,
on a poll, vote by proxy.
Any person entitled under these Articles to transfer of any share may vote at any
63.
General Meeting in respect thereof in the same manner as if he were the registered holder
of such shares. Provided that 72 hours at least before the time of holding the meeting at
which he proposes to vote he shall satisfy the Board of his right to transfer of such shares,
unless the Directors shall have previously admitted his right to vote at such meeting in
respect thereof.
Any Corporation which is a Member of the Company may by resolution of its
64.
Directors or other governing body authorise such person as it thinks fit to act as its
► epresentative at any meeting of the Company and the person so authorised shall be
entitled to exercise the same powers on behalf of such corporation as the corporation
could exercise if it were an individual Member of the Company.
•
No person shall be appointed proxy who is not a Member of the Company or is
65.
not qualified to vote, save that a member of the Company being a body corporate may
appoint any person to act as its proxy provided that a person who is not a member of the
Company may be appointed as Attorney for the purpose of signing any proxy under the
provisions of Article 60.
The instrument appointing a proxy and the power of attorney or other authority (ii
66.
any) under which it is signed or a notarially certified copy of that power or authority shall
be deposited at the Registered office of the Company not less than forty-eight hours
before, the time for holding the meeting at which the person named in the instrument
proposes to vote, and in default the instrument of proxy shall not be treated as valid.
A vote given in accordance with the terms of an instrument of proxy shall be valid
67.
notwithstanding the previous death of the principal or revocation of the proxy o
attorney or transfer of the share in respect of which the vote is given unless
in writing of the death, revocation or transfer shall have been received
Company at least twenty four hours before the meeting.
11
An instrument appointing a proxy may be in the following form or in any other
68.
form which the Directors shall approve:
appoint
a member of FATIMA ENERGY LIMITED
I / WE
as my proxy for vote and act for
of
whom failing
of
me and on my behalf at the Annual /Extraordinary General Meeting (as the case may be)
, 20---- and at every adjournment
day of
of the Company to be held on the
thereof
dated this
day of
Signature
Add, ess
V. DIRECTORS
(a) APPOINTMENT OF DIRECTORS
69.
Unless otherwise determined by the Company in General Meeting the number of
ectoi shall not be less than three.
The (tibscribets to the Memorandum and Articles of Association shall be the first
70.
directors of the Company who shall hold the office till the first Annual General Meeting.
A Director who is about to leave or is absent from the district in which meetings
71.
of the Directors are ordinarily held may with the approval of the Board appoint any
person (including another Director) to be an Alternate Director during his absence.
Plovided that such absence shall not be for less than a period of three months, and such
appointment shall have effect and such appointee, whilst he holds office as the alternate
Director shall be entitled in place of his appointer to exercise all the functions of his
appointer as a Director of a Company but he shall ispofacto vacate office when his
appointer returns or vacates office as a Director or removes the appointee from office,
any appointment or removal under this Article shall be effected by notice in writing under
the hand of the Director making the same.
A casual vacancy occurring in the office of a Director may be filled up by the
72.
Directors if the majority of the Directors concur in the appointment but the person so
chosen shall be subject to retirement at the same time as if he had become a Director on
the day on which the Directors in whose place he is appointed was elected a Director.
12
73.
The qualification of a Director shall be his holding share to the, value of Rs.10 at
least in his/her own name relatable in the case of a Director representing interest holding
shares of the requisite value.
74.
The continuing Directors may act notwithstanding any vacancy in their body, but
when the number is reduced below the minimum above fixed, they may then act in
emergencies or for the purpose of filling up vacancies in their body or summoning a
General Meeting of the Company and they may so act notwithstanding the absence of the
necessary quorum under the provisions of Article 87.
75.
The office of the Director shall be vacated ispofacto on the grounds specified in
Section 188 of the Ordinance and in addition:
•
(a).
If removed by the resolution of Members as hereinafter provided;
(b).
If by notice in writing given to the Company he resigns his office.
76.
Subject to the restrictions imposed by these Articles and the Ordinance and the
observance and fulfillment thereof, no Director shall be disqualified from his office by
contracting with the Company either as vendor, purchaser, agent, broker or otherwise, nor
shall any subcontract or arrangement entered into, by or on behalf of the Company in
which any Director is interested be avoided; nor shall any Director contracting or being
so interested he liable to account to the Company for the profit realised from such
contract or arrangement by reason only of his holding that office or the fiduciary
relationship thereby established, but the nature of his interest must be disclosed by him at
the meeting of the Board at which the contractor or arrangement is determined, if his
interest then exists, or in any other case at the first meeting of the Board after the
acquisition of the Board after the acquisition of his interest .
77.
No Director, shall, as a Director, vote in respect of any contract or arrangement in
which he is either directly or indirectly concerned provided however that the Directors or
any of them may vote on any contract of indemnity against any loss which they or any
one or more of them may suffer by reason of becoming or being sureties or surety for the
Company. A general notice that any Director or Member of any specified Company and
is to be regarded as interested in any subsequent transactions with such firm or Company
shall be sufficient disclosure under this Article and after such general notice it shall not
be necessary to give any special notice relating to any particular transaction with such
fiun or Company.
78.
A Director of this Company may be or become a Director of any Company
pr ornoted by this Company, or in which it may be interested as a vendor, shareholder or
otherwise and no such Director shall be liable to account for any benefit received as
Di rector or Member of such Company.
79.
The Company shall not make any loan or guarantee any loan mad
of the Company or of a firm of which such Director is a partner or to priv
which such Director is a Director.
13
(b) ELECTION AND RETIREMENT OF DIRECTORS
The election of Directors shall be held every third year at the Annual General
80.
Meeting in accordance with Section 178 of the Companies Ordinance, 1984. A Director
elected shall stay in office for a period of three years unless he earlier resigns or ceases to
be a Director under the provisions of Article 75.
All elected Directors shall retire from office at the Annual General Meeting held
81.
every third year. A Director retiring at a Meeting shall retain office until the dissolution
of that Meeting.
82.
A retiring Director shall be eligible for re-election.
The Company may from time to time by Extra ordinary Resolution increase or
83.
reduce the number of Directors.
The Company may by Extra Ordinary Resolution remove any Directors before the
84.
expiration of his period of office notwithstanding any thing contained in these Articles or
in any Agreement between the Company and such Director, provided that the Resolution
shall not be deemed to have been passed if the number of votes that would have been
necessary For the election of a Director at the immediately preceding election of
Directors
The Company may by Ordinary Resolution appoint another person in place of a
85.
Directoi removed from office under the immediately preceding Article, and without
prejudice to the powers of the Directors hereinabove provided the Company in General
Meeting may appoint any person to be a Director either to fill a casual vacancy or as an
Additional Director. A person appointed in place of a Director so removed or to fill such
vacancy shall be subject to retirement at the same time as if he had become a Director on
the day on which the Director in whose place he is appointed was last elected a Direct -
(c) PROCEEDING OF DIRECTORS
The Directors may meet together for the dispatch of business, a
So.
otherwise regulate their meeting, as they think fit. Questions arising at any me
be decided by a majority of votes. A Director may and the secretary on the requi
a Director shall, at any time summon a meeting of the Directors. It shall not be necessary
to give notice of a meeting of Directors to any Director for the time being absent from
Pakistan.
The quorum necessary for the transaction of the business of the Directors shall be
87.
a majority of the Directors for the time being in office
The meeting of Directors at which a quorum is present shall be competent to
88.
exercise all or any of the authorities, powers, and discretion by or under these Articles for
the time being vested in or exercisable by the Directors generally.
14
The Directors may elect one of their member to be the Chairman of their meetings
89.
and determine the period for which he is to hold office, but if no such Chairman is
elected, or if at any meeting the Chairman is not present within fifteen minutes after the
time appointed for holding the same the Directors present shall choose some one among
themselves to be Chairman of such meeting. The office of the Chairman may be filled by
any Director.
The Directors may delegate any of their powers to committees consisting of such
90.
members of their body as they think fit. Any committee so formed shall in the exercise of
the powers so delegated conform to any regulations that may be imposed on it by the
Directors.
•
Unless a Chairman of the Committee is designated by the Directors, a Committee
91.
may elect a Chairman of its meetings and if no such Chairman is designated or elected or
at any meeting the Chairman is not present at the time appointed for holding the same,
the Members present may choose one of their member to be Chairman of the meeting.
A Committee may meet and adjourn as it thinks proper. Questions arising at any
92.
meeting shall he determined by a majority of votes of the Members present. The quorum
for a meeting of a Committee unless otherwise determined by the Directors, shall be a
majority of the Comn ► ittee.
All acts done by any meeting of DirectorS or a Committee of Directors or by any
93.
person acting as a Director, shall notwithstanding that it be afterwards discovered that
there was some defect in the appointment of any such Director or person acting as
aforesaid, or that they or any of them were disqualified or had vacated offices or were not
entitled to vote be as valid as if every such person had been duly appointed and was
qualified and had continued to be Director and had been entitled to vote.
A Resolution previously circulated in writing to all Directors and passed without
94.
any meeting of Directors and signed by majority of the Directors, for the time being
entitled to receive notice of a meeting of the Directors, shall be as valid and effectual as if
it had been passed at a meeting of Directors duly convened and held and may consist of
several documents in like form each signed by one or more of the Directors
(d) MINUTES
The Directors shall cause minutes to be duly entered in books provided for the
95.
purpose:
(a)
Of the names of the Directors present at each meeting of the Directors and
of any Committee of Directors.
(b)
(c)
Of all orders made by the Directors and Committee of the Directors.
Registr.„.
emi.
1,8vv,>
Of all resolution and proceedings of General Meetings a
0
the Directors and Committee.
15
Vag'
E6r AWARZEZZainalana ili
■
WZ
96.
All such minutes shall be signed by the Chairman of the meeting as recorded or
by' the person who shall preside as Chairman of the next succeeding meeting and all
minutes purported to be so signed shall for all purposes whatsoever by prima facie
evidence of the actual passing of the resolutions recorded, and the actual and regular
transaction or occurrence of the proceedings so recorded and of the regularity of the
meeting at which the same shall appear to have taken place.
(c) REMUNERATION OF DIRECTORS
97.
The remuneration of a Director for attending meetings of the Board shall not
exceed Rs.500 (Rupees live hundred only) for each meeting attended by him.
98.
The Directors may repay to any Director all such reasonable expenses as he may
incur in attending and returning from the Meetings of the Directors, or Committee of
1)ireclot 5, or which lie may otherwise incur in or about the business of the Company.
411) 99.
f any Director being willing shall be called upon to perform more services or to
• make any special exertions for any performances of the Company, he may be given such
additional remuneration in the form of a fixed sum as may be determined by the
Company in Gm:lid Meeting. All the Directors shall be entitled to he paid any travelling
or other expenses incurred in connection with the business of the Company.
(f) POWERS OF DIRECTORS
100. The business of the Company shall be managed by the Directors, who may
exercise all such powers of the Company as are noted by the Companies Ordinance, 1984
or any statutory modification thereof for the time being in force, or by these Articles,
required to be exercise by the Company in General Meeting subject, nevertheless, to any
► erulations of these articles, to the provisions of the said Ordinance, and to such
regulations being not inconsistent with the aforesaid regulations or provisions, as may be
prescribed by the Company in General Meeting; but no regulations made by the
Company in General Meeting shall invalidate any prior act of the Directors which would
have been valid if that regulation had not been made.
101. Without prejudice to the general powers conferred by the last preceding Article
and to any other powers or authorities conferred by these presents on the Directors, it is
hereby expressly declared that the Directors shall have the following powers, that is to
say, powers:
To reimburse the cost, charges and expenses preliminary and incidental to the
promotion, formation establishment, and registration of the Company.
(ii)
To purchase or otherwise acquire for the Company and property, rights or
privileges, which the Company is authorised to acquire at such price
generally on such terms and conditions as they think fit, and subject t
provisions of section 196 or the Ordinance to sell, let exchange or othe
dispose of absolutely or conditionally, any part of the property, privilege
16
undertakings of the Company upon such terms and conditions, and for such
consideration as they may think fit.
(iii)
At their discretion to pay for any property, rights and privileges acquired by or
services rendered to the Company either wholly or partially in cash or in shares
(subject to Section 86 of the Ordinance) bonds, debentures or other securities of
the Company, and any such shares may be issued as fully paid-up and any such
bonds, debentures or other securities may be either specifically charged up on all
or any part of the property of the Company and its uncalled capital or not so
charged.
(iv)
To secure the fulfillment of any contracts agreements or engagements entered into
by the Company by mortgage or charge of all or any of the property of the
Company or in such other manner as they think fit.
(v)
To appoint and, at their discretion, remove or suspend such agents, managers,
secretaries, officers, legal advisers, clerks and servants for permanent, temporary
or special services as they from time to time think fit and to determine their
powers and duties and fix their salaries or emoluments and to require security in
such instances and to such amount as they think fit, and to send any such persons
to foreign countries for technical education or otherwise for the purposes of the
Company's business and pay all expenses thereof on such terms as the Directors
may think fit.
(vi)
"Fo appoint any person or persons (whether incorporated or not) to accept and hold
in trust Rif the Company any property belonging to the Company or in which it is
interested for any other purposes and to execute and do all such acts and also all
such deeds, documents and things as may be requisite in relation to any such trust
and to provide for the remuneration of such trustee or trustees.
(vii)
To institute, conduct, defend, compound or abandon any legal proceedings by or
against the Company or its officers or otherwise concerning the affairs of the
Company and also to compound and allow time for payment or satisfaction of any
debts due and of any claims or demands by or against the Company.
(viii)
To refer any claims or demands by or against the Company to arbitration and
observe and perform or resist to awards.
(ix)
To act on behalf of the Company in all matters relating to bankruptcy and
insolvency.
(x)
To determine, who shall be entitled to sign on the Company's behalf bills, notices,
receipts, acceptances, endorsements, cheques, releases, contracts and documents.
(xi)
From time to time provide for the management of the affairs of t
either in different parts of Pakistan or elsewhere in such manner a
and in particular to establish branch offices and to appoint any
17
attorneys or agents of the Company with such powers (including power to subdelegate) and upon such terms as may be thought fit.
(xii)
To invest and deal with any of the moneys of the Company not immediately
required for the purposes thereof, upon such terms and with such persons or in
such investments as may be thought expedient and from time to time vary or
realize such terms and investments.
(xiii)
To execute in the name and on behalf of the Company in favour of any Director
or other person who may incur or be about to incur personal liability fir the
benefit of the Company such mortgages of the Company's property (present of'
future) as they think fit, and any such mortgage may contain a power of sale and
such other powers, covenants and provisions as shall be agreed upon.
( x iv) To give to any person employed by the Company as remuneration for his services
such commission on the profits of any particular business or transaction or a share
in the general profits of the Company, and such commission or share or profit
shall be treated as part of the working expenses of the Company.
(xv)
From time to time make, vary and repeal byelaws for the regulation of the
business of the Company, its officers and servants.
(xvi)
To (Altcr into all such negotiations or contracts and rescind and vary all such
contracts and execute and do all such acts, deeds and things in the name and on
the behalf of the Company as they consider expedient for or in relation to any of
the matters aforesaid or otherwise for the purposes of the Company.
(xvii) 'l'o establish, maintain, support or subscribe to any charitable or public objects,
and any institution, society or club which may be for the benefit of the Company
or its employees or may be connected with any town or place where the Company
carries on business; to give pensions, gratuities, bonuses or charitable aid to any
person or persons who have served to Company or to the wives, children or
dependents of such person or person, that may appear to the Directors just or
proper whether any person, his widow, children or dependents have or have not a
legal claim against the Company.
(xviii) To set aside portions of the profits of the Company, before recommending any
dividends, to form a fiend to provide for such pensions, gratuities, compensation
or to create or supplement any Provident or Benefit Fund in such or any other
manner as the Directors may deem fit.
(Nix) To make and give receipts, releases and other discharges for money payable to the
Company and for the claims and demands of the Company.
(xx)
To enter into, carry out, rescind or vary all financial arrangements with
or person or corporations or in connection with such arrangements
18
pledge, hypothecate any property of the Company or documents representing or
relating to the same.
(xxi)
To make advances, deposits or loans of any money of the Company to such
persons upon such security or with out security as they may think fit and generally
to direct, manage and control the moneys and funds of the Company and keeping
of accounts of the Company.
(xxii) To open accounts with any bank or bankers or with any Company, firm or
individual and to pay into and withdraw money from such accounts from time to
time.
(xxiii) To insure the property, movable and immovable, of the Company.
(xxiv) To institute, file, prosecute and defend any suit, appeal, revisions, review or any
other legal proceedings and appear for and on behalf of the Company in any Court
of Justice, Civil, Criminal or Revenue, before any executive, judicial, municipal,
provincial, revenue, police, postal, excise, custom, transport, income tax or other
officer's authorities in any action or matters in which the Company is interested
and to promote, prosecute, safeguard or defend its interests.
(xxv) To sign and verify plaints, written statements, petitions, compromises,
muklitarnamas, vakelatnamas, authorising legal practitioners to act on behalf of
the Company in all courts, Civil, Criminal or Revenue.
(xxvi) fo appoint any person or persons to be attorney or attorneys of the Company for
such purposes and with such powers, authorities and direction and for such
periods and subject to such conditions as they may from time to time think lit, and
to revoke such powers at pleasure.
(xxvii) To make, draw, endorse, sign, accept, negotiate and give all cheques, bills of
lading, drafts, orders, bills of exchange, Government of Pakistan Securities and
other Promissory Notes and other negotiable instruments required in the business
of the Company.
(xxviii)To raise or borrow or secure the payment or payments of any sum or sums for the
purposes of the Company in such manner and upon such terms and conditions as
they think fit and in particular by the issue of debentures, debenture-stock or other
securities charged upon all or any part of the property of the Company, present or
future.
102. The Board shall cause a proper register to be kept in accordance with the
provisions of the Ordinance of all mortgages, debentures and charges specia affecting
hat
the property of the Company and shall cause the requirements of the
behalf to he dully complied with.
19
VI. CHIEF EXECUTIVE
103. The Directors shall subject to the provisions of Section 198 and 199 of the
Ordinance appoint one of their bodies to be the Chief Executive of the Company, in
whom shall vest the powers and functions in relation to the management and
administration of the affairs of the Company subject to the general supervision and
control of Directors.
104. The Chief Executive shall hold office on such terms as the Directors may
determine and shall be appointed for a period of three years. On retirement he shall he
eligible fir reappointment.
VII. THE SEAL
•
105. The Directors shall provide a Common Seal for the purposes of the Company and
shall have power from time to time to destroy the same and substitute a new seal in lieu
thereof and the Directors shall provide for the safe custody of the Seal.
106. The Seal of the Company shall not be affixed to any instrument except by the
authority of a Resolution of the Board of Directors and save as provided in Article 18 by
a Director who shall sign every instrument to which the seal of the Company is so affixed
in their presence.
•
VIII. DIVIDENDS AND RESERVES
107. The Company in General Meeting may declare dividends, but no dividends shall
exceed the amount recommended by the Directors.
108. Directors may from time to time pay to the members such interim dividends as
appear to the Director to be justified by the profits of the Company.
109.
•
•
No dividend shall be paid otherwise than out of profit.
Subject to the rights of the person (if any) entitled to shares with special rights as
to dividends, all dividends shall be declared and paid according to the amounts paid on
the shares, but if and so long as nothing is paid upon any of the shares in the Company,
dividends may be declared and paid according to the amounts of the shares. No amount
paid on a share in advance of calls shall, while carrying interest be treated, for the
purposes of this Article, as paid on the shares.
110.
111. The Directors may, before recommending any dividend, set aside out of the
profits of the Company such sums as they think proper as a reserve or reserves which
shall, at the discretion of the Directors, be applicable for meeting contingencies, or for
equalizing dividends, or for any other purpose to which the profits of the Cot
be properly applied and pending such application may, at the like disc
employed in the business of the Company, or be invested in such investn
shares of the Company) as the Directors may from time to time think fit.
20
112. If several persons are registered as joint holders of any shares, any one of them
may give effectual receipts for any dividend payable on the shares.
113. Notice of any dividend that may have been declared shall be given in manner
hereinafter mentioned to the persons entitled to share therein.
114.
No dividend shall bear interest against the Company.
115. A transfer of shares shall not pass the right to any dividend declared thereon
before the registration of the transfer.
116. Unless otherwise directed, any dividend may, if the Directors so think fit, be paid
by cheque or warrant sent through post to the registered address of the Member or person
entitled or in the case of joint holders to the registered address of that one of them first
named in the Register in respect of the joint holders. Every such cheque or warrant shall
he made payable to the order of the person to whom it is sent. The Company shall not be
liable or responsible for any cheque or warrant or transmission or for any dividend lost to
the Member or person entitled thereto by the forged endorsement of any cheque or
warrant or the fraudulent recovery by any other means.
117. All dividends unclaimed for one year after having been declared may be made use
of by the Directors for the benefit of the Company until claimed.
118. Any General Meeting sanctioning or declaring a dividend in terms of these
Articles may ► ect payment of such dividend wholly or in part, by the distribution of
specific asset';, and in particular by paid up shares, debenture-stock of the Company, or
any other Company, or in any one of such ways and the Directors shall give effect to such
direction and where any difficulty arises in regard to the distribution they may settle the
same as they think expedient and in particular may issue fractional certificates and may
fix the value tin distribution of such specific assets or any part thereof and may determine
that such payment shall be made to any Members upon the footing of the value so fixed
in order to adjust the rights of all parties and may vest any such specific assets upon trust
for the persons entitled to the dividend as may seem expedient to the Directors. Where
requisite, a prior contract shall be filed in accordance with Section 73 of the Ordinance,
and the Directors may appoint any person to sign such contract on behalf of the persons
entitled to the dividend and such appointment shall be effective.
119. Any General Meeting declaring a dividend may make a call on the Members of
such amount as the meeting fixes, but so that the call on each Member shall not exceed
the dividend payable to him, and so that the call be made payable at the same time as the
dividend and dividend may, if so arranged between the Company and the Members, be
set off against the call.
IX. CAPITALISATION
Company in General Meeting may upon the recommendati
112.
resolve that it is desirable to capitalise any part of the amount for the
21
to the credit of any reserve or the profit and loss account or otherwise available for
distribution, and accordingly that such sum be set free for distribution, amongst Members
who would be entitled thereto if the same were distributed by way of dividend and in the
same proportions on condition that the same be not paid in cash but be applied in paying
up in full unissued shares or debentures of the Company to be allotted and distributed,
credited as fully paid up, to and amongst such Members in the proportion a foiesaid, or
partly in one way and partly in other and the Directors shall give effect to such resolution.
121.
•
•
Whenever such a resolution as aforesaid shall have been passed the Directors
shall make all appropriations and applications of the undivided profits resolved Id be
capitalised thereby, and all allotments and issue of fully paid shares or debentures, if any
and generally shall do all acts and things required to give effect thereto, with full power
to the 1Thectors to make such provision by payment in cash or otherwise as they think I:1
in the case of shares or debentures becoming distributable and also to authorise any
persons to enter on behalf ()fall the M, nihers entitled thereto into and agreement with the
Company providing for the allotment to them respectively, credited as fully paid up, of
any furthe► shares or debentures to which they which may he entitles upon such
capitalization and any or,' cement made by such authority shall he effective and binding
on all such Members.
X. ACCOUNTS
122.
I he Dilc(_ (015 shall cause to be kept proper books of accounts with respect to:-
(a)
All wins of money received and expended by the Company and the matte's in
respeet of which the receipts and expenditure hike
•
place.
(10
All sales and purchases of goods by the Company.
(c)
The assets and liabilities of the Company.
123.
The Books of Accounts shall be kept at the Registered Office of the Company or
at such place as the Directors shall think lit and shall be open to inspection by the
Directors during the business hours.
IP
124.
The Chief Executive or Secretary shall from time to time determine whether and
to what extent and at what times and place and under what conditions of regulations the
accounts and books of the Company or any of them shall be open to inspection of
Members not being Directors and no Member (not being a Director) shall have any right
or inspecting any account book or document of the Company except as conferred by law
or authorised by the Directors or by the Company in General Meeting.
125.
The Directors shall as required by Section 233 and 236 of the Ordina
be prepared and to be laid before the Company in General Meeting such
accounts, income and expenditure accounts, balance sheets and reports
those sectiot
22
The Balance Sheet shall be made out every year and laid before the Company in
126.
General Meeting made up to a date not more than four months before such meeting. The
balance sheet shall be accompanied by a report of the Directors as the state of the
Company's affairs, and the amount (if any) which they propose to carry to reserve fund.
red to in Secti
The profit and loss account shall in addition to the matters refer a
on
of
127.
234 of the Ordinance so arranged under the most convenient heads,
234
income distinguishing the several sources from which it has been derived, and the amount
of gross expenditure distinguishing the expenses of the establishment, salaries and other
ar's income shall be brought
like matters. All expenditure fairly chargeable against they'
ib the meeti g and,
ore
e laid befstr
into account so that a just balance of profit and loss may bes
overtse ral
in case where any items of expenditure which may in fairness be is
distributedve
shall be state d,
years has been incurred in any one year the whole amount of such item charged against
with the addition of the reasons why only a portion of such expenditure
•
the income of the year.
A copy of the balance sheet and report shall, not less than twenty-one days
128.
previous to the meeting, he sent to the persons entitled to receive notice of General
iven as provided hereunder.
Meetings in the manner in which notices are to be g
The Ditectors shall in all respects comply with the provisions of Section 230
129.
2v5 of the Ordinance, or any statutory modifications thereof for the time being in for
XL AUDIT
Auditors shall be appointed at each Annual General meeting. Their appo
2
130.
and duties shall be regulated in accordance with Sections 25
remuneration,
of the Ordinance. Messers Hameed Chaudhri & Co., Chartered Accountants, shall
Auditors of the Company who shall hold office till the first Annual General Meetin
first
XII. NOTICES
fab
A notice may be given by the Company to any person entitled to receive such
131.
notice either personally or by sending, it by post to him to his registered
address. In case
shall be sent by Express Air mail to the
of a shareholder resident outside Pakistan, noticesll be sent to any address in Pakistan
shareholders registered address and also copy shall
supplied by such shareholder for the purpose.
Where a notice is sent by post, service of the notice shall be deemed to be effected
132.
by properly addressing, prepaying and posting a letter containing the notice, and, unless
the contrary is proved, to have been effected at the time at which the letter would have
been delivered in the ordinary course of post to the shareholder's registered address.
A notice may he given by the Company to the joint holders of a share by giving
133.
the notice to the joint holder named first in the Register in respect of the shares.
entitled to a share in
A notice may be given by the Company to the persons
g it through the post in a
134.
consequence of the death or insolvency of a Member by send in
23
a
prepaid letter addressed to them by name or by the title or representatives of the
deceased, or assignees of the insolvent or by any like description at the address (if any) in
Pakistan supplied for the purposes by the persons claiming to be so entitled, or (until such
an address has been supplied) by giving the notice in any manner in which the same
might have been given if the death or insolvency had not occurred.
135. Subject to the provisions of the Ordinance any notice (other than notice of a
General Meeting or Directors Meeting) required to be given by the Company to the
members or any of them and not expressly provided for by these presents shall be
sufficiently given if given by advertisement in one daily English and one daily vernacular
newspaper circulating in Pakistan.
136. F,vcry person, who by operation of law, transfer, or other means whatsoever, shall
become entitled to any share, shall be bound by every notice in respect of such share
which, previously to his name and address being entered on the Register, shall have been
duly given to the person from whom he derived his title to such shares.
137. The signature to any notice to be given by the Company may be written or
printed.
XIII. INDEMNITY
138. Subject to the Pro' ision of Section 194 of the Ordinance every Director, Manager
and other officer or servant of the Company shall be indeninified by the Company
against, and expenses, which any such officer or servant may incur or become liable to by
reasons of any contract entered into, or act or thing done by him as such officer or servant
or in any way in the discharge of his duties including travelling expenses and in
particular, and so as not limit the generality of the foregoing provisions, against all
liabilities incurred by him as such Director, manager, officer or servant in defending any,
proceedings, whether civil or criminal, in which judgment is given in his favour or he is
acquitted, or in connection with any application under section 488 of the Ordinance in
which relief is granted by the Court and the amount for which such indemnity is provided
shall immediately attach as lien on the property of the Company and have priority as
between the Members over all other claims.
139. Subject to the provisions of Section 194 of the Ordinance, no Director, Manger, or
other officer of the Company shall be liable for any act, or for joining in any receipt or
other act for conformity or for any loss or expense happening to the Company through
the insufficiency or deficiency of the title to any property acquired by order of the
Directors for or on behalf of the Company or for the insufficiency or deficiency of any
security in or account which any of the money of the Company shall be invested or loss
or damage arising from the bankruptcy, insolvency or tortuous act of any person
whom any moneys, securities or effects shall be deposited or for any other los
or misfortune, whatever, which shall happen in the executing of the duties of
in relation thereto unless the same happen through his own dishonesty.
24
,10
XIV. WINDING
140. Without prejudice to the rights of the holders of shares, subject to special terms
and conditions if on the winding up, the assets available for distribution among the
members as such shall be insufficient to repay the whole of the paid up capital, such
assets shall be distributed so that, as nearly as may be, these losses shall be borne by the
members concerned in proportion to the capital paid up or which ought to have been paid
up at the commencement of the winding up, on the shares held by them respectively, and
if in a winding up assets available for distribution among the members shall be more than
sufficient to repay the whole of the capital paid up at the commencement of the winding
up of the excess shall be distributed among the members who are holders of ordinary
shares in proportion to the ordinary shares held by them respectively at the
commencement of the winding up.
141. If the Company shall be wound up, whether voluntarily or otherwise, the
liquidators may with the sanction of an Extraordinary Resolution divide among the
contributories in specie or kind any part of the assets of the Company and may with the
like sanction vest any part of the assets of the Company in trustees upon such trusts for
the benefit of the contributories or any of them as the liquidators, with the like sanction,
shall think fit. If thought expedient any such division may be otherwise than in
accordance with the legal right of the contributories (except where unfalteringly fixed by
the Memorandum ()I Association) and in particular any class may be given preferential or
special rights or may be excluded altogether or in part, but in case any division otherwise
than in accordance with the legal rights of the contributories shall be determined on any
ibuior who could be prejudiced thereby shall have a right to dissent and ancillary
C01111
rights as it such determinations were a Special Resolution passed pursuant to Section 367
of the ordinance.
Provided that if the shares to be divided as aforesaid involve a liability to call or
otherwise any person entitled under such division to any of the said shares may within ten
days after the passing of the Extraordinary Resolution by notice in writing direct the
Liquidator to sell his portion and pay him the net proceeds, and the Liquidator shall, if
practicable, act accordingly.
XV. SECRECY
142. Every Director, Manager, auditor, trustee,'member of a committee, officer, agent,
accountant or other person employed in the business of the Company shall, unless
authorise by the Directors, observe a strict secrecy respecting all transactions of the
Company with customers and the State and with individuals conceding the accounts and
matters relating thereto and shall not reveal any of the matters which may come to his
'tors
knowledge in the discharge of his duties except when authorised so to do by
or by law or by the person to whom such matters relate and except
necessary in order to comply with any of the provisions in these preset
25
XVI. ARBITRATION
143. Whenever any difference arises between the Company on the one hand and of the
Mcmbei, their executor„ administrators or assignees on the other hand, touching the true
intent or con.4ruction or the incident or consequence of these presents or of the statutes or
touching anything then or thereafter done, executed, omitted, or suffered in pursuance of
these presents or otherwise relating to the premises or to these presents or to any statute
affecting the Company or to any or the affairs of the Company, every such difference
shall he referred to the decision of an arbitrator to be appointed by the patties in
difference, or if they cannot agree upon a single arbitrator to the decision of two
arbitrators, of whom one shall be appointed by each of the parties in difference, or an
umpire to be appointed by the two arbitrators.
141. 'Hie cost of or incidental to, any such reference and award shall he in the
discretion of the arbitrator or arbitrators or umpire, respectively who may determine the
amount thereof or direct the same to be taxed between attorney and client or otherwise
and may award by whom and in what manner the same shall be borne and paid.
We the several persons whose names and addresses are subscribed below arc desirous of being formed into
of Association and respectively agree to take the number of
a Company in pursuance of this AYtiele-S
shares in the Company's capital as set opposite to our respective names:
Nationality
With any
Former
Nationality
Occupation
Residential
Address
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Industrialist
43-A
Road,
Cantt.
Qasim
Multan
5000
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Qasim
Multan
5000
Mukhtar
Mian
Ahmed Sheikh
Pakistani
43-A
Road,
Cantt.
43-A
Road,
Cantt.
Qasim
Multan
5000
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Industrialist
Haji Habib Ullah
Pakistani
Industrialist
MFHNA7
ABDUL SAT I AR
Pakistani
Industrialist
If FVHAR
MAHMOOD
DAIS
36302-8145686-3
SU_ I AN AFIIVi ED
Pakistani
Service
(Private)
Mrs
Industrialist
Industrialist
AMIR
36302-
Signature
Number of
Shares
taken
By each
Subscriber
Father's/Husband's
Name in Full
Name &
Surname
(Present &
Former)
in Full
(In Block Letters)
FAWAD AHMED
MUKHTAR
SHEIKH
36302-2741274-7
FALAL AHMED
SHEIKH
36302-0543241-9
FAISAL
MUKHTAR
SHEIKH
322-87-026025
Mrs AMBREEN
FAWAD
36302FATIMA
MrS.
FAZAL
36302-
..c,,,, :-.5
,./
VC:I
1.,,,,,,,,,\
Qasim 5000
43-A
Road, Multan
Cantt.
Qasim 5000
43-A
Road, Multan
Cantt.
Qasim 5000
43-A
Multan
Road,
Cantt.
5000
140-Hassan
Parwana Road,
Multan
............
\,,,
„ —„,
i)
3-1,_/
,'.- --- ,$)
il 14^,L s--A
4
orb Lahore 1/0,,
c:
Dated the 16th day of June 2004
Witness to above Signature:
r.
Cs
Ir'37
44,i4 "II, ,
4'
d
,,<1 l
Shahid Ismail
243-A, Shah Rukn Alam Colony, M
36302-2040404-9
Name:
Address
NIC:
aage Comm'
CERTIFIED TO BE TRUE COPY
a) Number assigned to the company
In the Register of Companies
b) S. No. of the document __
r
c) Name of the Company
cv1-1d) Description of the docui rnt
Al
Including enclosures
e) Filed dus2..2•11-4 Day of 7 ,at.k-_2() (41
1
Under the Provisions of the Companies
Ordinance, 1984.
...
JOINT REGISTRAR OFC):4Omr
COMPANY REGISTRATION OFFICE
LAHORE.
-.1%.41.4011•10.14•P
4.7
27
Joint Registrar of Companies.
MULTAN REGION. NIUl,i'AN.
2)/W/M
(
[See regulation 5(1)]
111012GOI
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
CERTIFICATE OF INCORPORATION
[Under section 32 ofthe Companies Ordinance, 1984 (XLVII of 1984)]
Company Registration No. 00000001455/20040605
I hereby certify that
FATIMA ENERGY LIMITED.
is this day incorporated under the Companies Ordinance, 1984 (XLVII of 1984) and that the
company is limited by Shares.
Given under my hand at
MULTAN
this 22nd
day of
June, 2004
Two Thousand and Four.
10
ATTEST
RUE COPY
Fee Rs.39700/-
N DRV\ 2 302-
( LIAQAT A DOLLA )
JOINT REGISTRAR OF COMPNAIES
Mul tan.
_Da &d:
2- 2. . G. Zoo (-)
GOVERNMENT OF PAKISTAN
MINISTRY OF WA! ER AND POWER
(PRIVATE POWER & INFRASTRUCTURE BOARD)
********
August 23, 2010
No. 1(111) PPIB- 3003 /10/PRJ
Mr. Iftikhar Baig,
GM Business Development,
Fatima Energy Ltd.
E-110, Khayaban-e-Jinnah,
Lahore Cantt.
SUBJECT:
REGISTRATION OF 100 MW CO-GENERATION POWER PROJECT- BY M/S
FATIMA ENERGY LTD.
Dear Sir,
Private Power and Infrastructure Board (PPIB) hereby acknowledges the receipt of Bank
Draft No. 0007346 dated 6th August 2010 amounting Rs. 17,000 (Rupees Seventeen Thousand
Only) drawn on Meezan Bank Limited as Registration Fee for 100 MW Co-generation Power
Project (the Project) by M/s Fatima Energy Limited (the Sponsors). In consideration thereof,
PPIB has formally regitered the sponsors under the Registration Number "3003".
The sponsors are now advised to approach National Electric Power Regulatory Authority
2.
(NEPRA) for award of generation license and tariff determination for the subject project. Please
note it will be binding upon the Sponsors to provide to PPIB photocopies of all documents which
they will submit to NEPRA.
Best Regards,
Yours faithful!
(Asi Ali Abro)
Director Projects
cc:
1. Chairman, NEPRA, Islamabad.
2. Managing Director, PEPCO, Lahore.
50 - Nazimuddin Road, F-7/4, Islamabad - Pakistan
•
•
•
Project Organization
Project Director
HR Manager
Commercial Manager
Technical
/Commissioning
Manager
Commercial Executive
Logistics/Procurement
Executive
Preformance/Process
Engineers
CFO
Planning and Control
Manager
Security /Admin
Manager
E&I UM/ Section Head
E&I Engineers
i
Mechancial UM/
Section Head
Civil Section Head
Mechanical Engineers
Civil Supervisor
14-00111
Admix /Security
Supervisor
HSE Manager
Finance Manager
Account Officer
Finance Officer
Fatima Energy
t e
A ,=otIma Group Compare
Curriculum Vitae
Toseef Ijaz Rana
CAREER OBJECTIVE
To use my education and
skills productively
•
•
Date of Birth
24 October, 1970
Nationality
Pakistani
Languages
English, Urdu
•
•
Qualification
Lahore University of
Management Sciences(LUMS)
MBA
University of Engineering and
Technology Lahore.
B.Sc. Mechanical Engineering
(Honors)
Summary:
Highly motivated with 17 years of
diversified experience in power and
fertilizer plants in leading roles. Over
13 years of exclusive experience of
power sector in different technologies
including CCGT, Rankin cycle and
diesel engine power plants. Heading
Fatima Energy Limited, wholly owned
subsidiary of Fatima Group,
developing 405MW local coal based
power plant and 120 MW
coal/bagasse fired cogeneration plant.
Successfully executed installation of
560 MW CCGT KESC and 223.8 MW
CCGT EEL power plant through
contract negotiation, engineering,
procurement, construction to the final
commissioning of the project. Worked
as maintenance coordinator for five
years at Pakistan's biggest IPP at Hub
Power Station (1200 MW) to execute
O&M activities smoothly. Experience
includes working in engineering,
construction, operation, project and
maintenance departments. Good
knowledge of project management
and finance. Successfully managed
two mega projects (FFJC and EEL) from
very beginning till completion. Special
expertise in vibration analysis
technique (certified level 3 analyst)
and project management. Member of
different safety forums, risk
assessment and HAZOP teams.
Experienced in using CMMS (Maximo,
SAP and Q4W).
Experience:
Aug 2011 to date
Fatima Group (FG)
Working as Project Director leading
Fatima Energy Limited wholly owned
subsidiary of Fatima Group reporting
to CEO, for developing a
120 MW imported coal/bagasse based
cogeneration plant. Agreement are
ready for submission. Responsibility
includes:
• Developing strategic vision
• Legal compliance and interaction
with regulators for tariff
determination
• Finalization/hiring of EPC companies
and consultants
• Negotiations with EPC contractor
and consultants
• Selection of main machines and
appropriate technologies
• Developing/hiring team of world
class professionals to strengthen
new division
• Budgeting and evaluating financial
models
• Development of project
Apr-2010 to Aug 2011
Karachi Electric Supply Company
(KESC)
Worked as Project Director leading the
Bin Qasim Power Station (BQPS-2)
560MW CCGT power project from
engineering till commissioning of
machines. Job responsibilities includes:
• Managing the over-all project while
ensuring that corporate objectives
are met
• Hiring competent professionals for
project management and
subsequent operation
• Budget preparation and controlling
• Managing EPC contract
• Ensuring that Owner Engineer
deliver best services for project
execution
• Dealing with outside agencies and
media
Coordinate
with other project
•
interfaces.
Fatima Energy
(1
I I rtI t
A it,n3 Group aaa pan,
2007-2010
Engro Energy Limited (EEL)
Worked as Unit Manager
Construction/Maintenance to
supervise construction activities
and establish maintenance
organization for CCGT power plant.
Job responsibilities include:
• Supervision of construction
activities
• Developing procedures and
implementation of QA/QC
manual
Developing and reviewing precommissioning and
•
commissioning procedures
Supervised
commissioning while
•
interacting with different
stakeholders
• Managing EEL project ensuring
targets of quality, safety and
timely completion of project are
met using project management
and quality control tools
• Worked in leading roles for
project closure
• Lead team for final Performance
measurement
• Establishing maintenance
infrastructure and developing
cohesive maintenance team
Developing maintenance
•
procedures
• Managing long term service
agreement with vendors
• Implementation of CMMS (SAP)
• Inducting quality resource to
meet cooperate objectives
Budget
development and
•
strategic planning
• Contract negotiation and
execution
Worked as Engineering Manger to
finalize basic configuration of EEL
project while leading a team of
highly competitive engineers in
close collaboration with technical
consultant and external agencies
4111
•
•
•
2000-2007
International Power Plc. (HUBCO
Power Plant)
Worked as Maintenance Coordinator
integrating maintenance activities for
smooth execution of O&M
1996-2000
FFC-Jordan Fertilizer Company
Worked as Area Engineer of
machinery maintenance in Ammonia,
DAP and Urea plants. Job
responsibilities include.
Field and workshop maintenance of all
types of pumps, compressors, fans,
valves, steam/gas turbines, bucket
elevators, roller belts, rotary drums
etc.
Worked as Area Engineer for
construction section dealing with EPC
contractor KREBS, Klockner, Descon,
Habib Rafique etc. responsible for
erection and pre-commissioning of the
complex
1995-1996
Packages Ltd.
Worked as Shift in-charge in Diesel
power plant (2x5.2MW Wartsila diesel
engine with HRGS) responsible for
Operation and maintenance of power
plant
Overhauling of centrifuges and
engines
1994
Pakistan Engineering Company
(PECO)
Four weeks internship, understanding
operations and processes.
Technical Trainings
• Vibration analysis (VA1) By CSI
• Intermediate vibration analysis
(VA2) By CSI
• Advance vibration analysis (VA3)
By CSI
• Tank inspection workshop as per
API 653 by SGS
• Maintenance management
technique for rolling bearing—for
engineer By SKF
• Welding technology for engineers
By Pakistan welding institute(PWI)
• Field balancing By ENTEK-IRD
• Belt splicing and vulcanizing from
NJFC Jordan
• FRP repair from NJFC Jordan
• MS project 98 By ASPIMS
Management courses
•
•
•
•
•
•
•
•
•
•
Advance project management
(PMI)
Project management skills
Personal development planning
Time management
Who moved my cheese —
Managing Change
Synergizing performance
ISO 9001:2000 what is it all about
then?
Team building workshop
DuPont training: safety for
managers
Seven habits for successful
managers
Honors and Awards:
• Secure 15t position in 3rd national
course on welding technology for
engineers
• Merit certificate (Top 2%
students), U.E.T.
• Won 2nd prize in Science
Exhibition at Science Museum
Lahore.
• Member U.E.T. Badminton team.
Extra Curricular
Badminton, book reading and
construction of both
electric/electronic and mechanical
devices.
Fatima Energy
A Fatima Group Compary
Curriculum Vitae
Amer Baloch
Position
Commercial Manager
•
Date of Birth
27 Jul 1963
Nationality
Pakistani
•
Languages
English, Urdu
Qualification
BSc. Mechanical Engineering
University of Engineering &
Technology - Lahore
•
•
Key Professional Skills
Plant operations,
commercial management,
planning and control,
HSSE, administration.
Synopsis
Amer Baloch is a Mechanical Engineer
having 27 years of diversified experience
mainly in fertilizer and gas. He worked
with multinational and local companies
acquiring experience of plant
operations, planning and commercial
management. He joined Fatima Energy
Ltd core team in 2010 as Unit Manager
Projects.
Selected Professional History:
Fatima Energy (Current Assignment)
As unit manager, managing project
planning and commercial activities for
biomass and coal based 120 MW
cogeneration project including
interaction with government agencies,
legal, financial and technical consultants.
Also assisting in negotiations and
finalization of EPC contract.
Nokia Siemens Networks (Finland),
Islamabad, Pakistan, Jul 2009 — Sep 2010
NSN as one of the largest
telecommunications solutions providers
was created as a result of a joint venture
between Siemens AG's and Nokia's
Network Business Group having about
60,000 employees and operations in 100
countries with turnover of Euro 18
billion.
As Logistics Manager for multiple
telecom firms, managed SAP based
End2End supply chain of equipment with
annual sales target of Euro 50 million.
including extensive feedback on
performance of contracted services
(airlines, warehouses, stevedoring, etc)
and improved service level.
Fongas, Fauji Foundation, Rawalpindi,
Pakistan, Oct 2008 - Jun 2009
Fongas is a subsidiary of Fauji Foundation
group having an annual turnover of
about one billion rupees with 3 LP Gas
plants.
As Senior Manager Business
Development, organized gas tanker
contracted fleet to resolve age old
inefficiency issues, developed new
business activities to capture more
market share which included new
industrial and commercial applications of
LP Gas as an alternate fuel.
SHV Energy Pakistan, Islamabad, Pakistan
Mar 2004 -Jun 2008
SHV Gas of Netherlands is a Fortune 500
company and Worlds #1 in LP Gas
distribution with total sales at € 5,8 billion in
26 countries.
As Production Manager, operationally
managed 4 LP Gas storage and filling plants
and 2 gas depots with 140 personnel for a
gas turnover of 90,000 tons, improved
productivity and cost efficiencies including
expansions.
FFC-Jordan Fertilizer Company, Karachi,
Pakistan Oct 2000 — Mar 2004
FJFC (now FFBL) was first ever fertilizer plant
which produced Urea granular and Di
Ammonium Phosphate in Pakistan,
established cost of US$ 468 million.
As Section Head Operations managed
product handling and shipment of one
million tons of product annually on 24/7
basis with a team of 30 engineers/operators,
10 maintenance engineers/technicians and
200 labor.
FMC Jetway Systems (USA), Dubai, United
Arab Emirates 1999-2000
Jetway Systems is a subsidiary of FMC Corp
with head office at Ogden USA and is
dedicated towards manufacturing and
supply of airport engineering services
equipment.
As a Smart Bridge Engineer, commissioned
and debugged 47 computer controlled Smart
Passenger Loading Bridges Glass Type with
touch screen controls, CCTV systems, 28
Aircraft Power Supply units 400 Hz with
SIEMENS SIMATIC S-7 PLC system coupled
with FLADUNG automatic cable winders.
Ministry of Defense, Pakistan 1985 - 1999
For 6 years, worked in an American Defense
Production project for manufacturing of
NATO standard Armored Personnel Carriers
including installation, commissioning &
startup of multimillion dollar state-of-the-art
capital equipment.
For 2 years worked in a highly classified
project for manufacturing of precision parts
for aerospace strategic weapon systems
For 6 years, worked in heavy equipment
workshops for repair of light/heavy/tracked
vehicles, weapon systems,
telecommunication systems, and
management of spares and manpower.
Fatima Energy
I
itrm
('Our) l,Dm p3r
y
Curriculum Vitae
Syed Fuad
Haider
Position
Executive Finance
•
•
Date of Birth
June 10, 1974
Nationality
Pakistani
Languages
English, Urdu
Qualification
ACA
Member Institute of Chartered
Accountants of Pakistan
Bachelor of Commerce
(B.Com) Hailey College of
Commerce
•
•
Treasury Management
Secretarial Practices
Budgeting and Forecasting
Financial Analysis
SOP Development
Software Implementation
Financial Reporting
Taxation
Synopsis
Syed Fuad Haider is a Chartered
Accountant having ten (10) years of
diversified experience in various
Industrial Sectors. He has worked
and
local
multinational
with
companies acquiring experience of
treasury management, Financial
reporting, budgeting & forecasting
and taxation. He joined Fatima
Energy Limited core team in 2012 as
Executive Finance.
Audit of Controls and recommendation
regarding suitable changes for better
Controls in future; Ensure timely and
accurate preparation of periodic
Financial Statements; Preparation of
Standard Operating Procedures in line
with Software Solution for efficient and
effective business operations of the
Company; Implementation of ERP
Solution; and Periodic Management
Reporting of all expenses, fixed
assets, stores and payables.
Lahore Sports Meadows Limited —
Bukhatir Group Project (2007-2009)
Worked as Manager Finance.
Responsibilities included Ensure
timely and accurate preparation of
Statements;
Financial
periodic
Preparation of Standard Operating
Procedures in line with Software
Solution for efficient and effective
business operations of the Company;
financial
with
Managing/dealing
institutions for matters relating with
financing, leasing, import & export and
fund placement for highest available
return on investment; Cost effective
and efficient cash flow planning and
management with minimum possible
borrowing costs; and Implementing
Oracle based ERP solution.
Fatima Energy Limited — A Fatima
Group Company
(Current Assignment)
Executive Finance is responsible for
Statements;
Financial
periodic
liaising with Financial Institutions for
routine banking functions and
financing arrangements including but
not limited to leasing, running
finances etc.; supervision and
monitoring of the budget prepared
every fortnight; Monitoring of tax
related issues as applicable under
the provisions of the Income Tax
Ordinance, 2001; and Treasury
management functions
Mian Tyre & Rubber Company Ltd.
(2009 — 2011)
(MTR)
Worked as Manager Accounts /
Company Secretary for MTR, a
major tyre & tube manufacturing
concern with turnover over Rs. 6.00
Billion. Activities included Managing
of Board of Directors and General
Meeting with recording of minutes for
record; Filing of Statutory returns with
SECP; All Tax related issues from
filing to preparation of replies for
presentation before the Authorities
for Sales Tax, Income Tax, Customs,
Excise etc.; Filing of income tax
returns of the Directors of the
Company, the staff and the Company
online with the Federal Board of
Revenue including representation
before the Authorities; Budgeting and
procurement planning for the
production;
Mira Group of Companies (Mira
Power Ltd. & Mira Pakistan Ltd.)
(2004-2007)
Worked as Manager Accounts &
Finance and the responsibilities
included financial reporting; treasury
management, taxation; Secretarial
practices; and feasibility study and
financial forecasting.
Hameed Chaudhri & Co.; Chartered
(1999-2003)
Accountants;
Extensive During studenship at HCC
extensive experience of planning and
organising assignments, studying and
reviewing of system of internal control
with the objective of providing
recommendations for improvements
and reviewing financial statements to
ensure compliance with local laws &
I FRS.
Fatima Energy
I
rr
t
d
A Fatima Group Cornpary
Curriculum Vitae
Hamid Javed
Position
Section Head Electrical
Synopsis
Hamid Javed is Electrical Engineer
mostly in power sector and Cement
Industry. He worked with multinational
and local companies acquiring
experience of plant maintenance,
Planning and Engineering. He joined
Fatima Energy Ltd core team in 2012 as
Section Head Electrical.
Date of Birth
03 April 1966
O.
Nationality
Pakistani
Languages
English, Urdu
Qualification
BSc. Electrical Engineering
Technology - Lahore
Plant Maintenance and
Troubleshooting
Budgeting, Indenting and
Inventory control
Plant Efficiency Monitoring
Development of MaintenanceProcedure
Fatima Energy
(Current
Assignment)
Section head Electrical responsible for
commissioning
and
installation,
successful commercial operation of dual
fired (coal/bagasse) power complex.
Responsibility includes technical review
of EPC proposal, detailed design
engineering during execution phase.
Liaison with Govt. agencies for achieving
the milestones and timely completion of
project according to the agreed codes
and standards.
Askari Cement (2010-2012)
Manager Electrical for Askari Cement
having ISO 9001 and ISO 14001
accreditations. Activities incorporate
supervision of all sort of Electrical
maintenance, trouble shooting,
Preventive, corrective and shut down
planning
and
maintenance
implementation. Budgeting, Indenting,
inventory control and manpower
management. Maintenance of 132/6.6
kV Grid station & power transformers.
Reliable operation of MV switchgear
that include SF6 circuit breakers,
Vacuum circuit breakers & Air circuit
breakers. Testing of Multi functional
protection relays. Proper functioning of
PFI (power factor Improvement) system.
Proper maintenance of Batteries and
battery charger . Ensure integrity of
Diesel Generator and UPS.
Introduced the module testing and
repairing Lab in the department.
Introduced CMMS (computerized
maintenance management system), an
industrial application for preventive
maintenance activities and asset
management.
Involved in ERP (Enterprise resource
planning) program for supply chain
management and inventory.
Qassim Cement (2002-2010)
Electrical Performance and planning
engineer for Qassim Cement, one of the
leading cement company in Saudi Arabia
having three production lines.
Involved in Plant modifications and
Projects Management. Deal with plant's
operational problems. Routine and
Preventive Maintenance of all electrical
equipment. Monitoring and analysis of
Key Performance Indicators which include
reliability, utilization and other related
parameters. Analysis of monitored results
of thermography camera (infrared
imaging equipment) for Switchgear, HT
bushings and Transformers. Vibration
Analysis of Electric Motors and Fan
Bearings & root cause analysis to avoid
equipment failure.
Conducted the Study with Consultant
Lahmayer International (Germany) and
convert the plant from 50 Hz to 60 Hz.
Involved in the Preparation of preventive
maintenance schedule for Electrical and
Instrument related equipment in JD
Edwards system.
Shift Engineer / Electrical Engineer
(1993-2002)
Electrical Engineer for Thermal Power
Station Muzaffargarh with the name plate
rating of 1370 MW. Involved in various
activities with Russian experts during
commissioning phase for the installation
Power
commissioning
of
and
Transformers, Auxiliary transformers, 220
supply
Auxiliary
switchyard,
kV
switchgear, 6 MW pump motors, fuel
handling motors, Thermocouples and
RTDs etc. Prepared PM programs for the
210 MW 3 stage turbines and
implemented them through MMS. Lead
operation team to operate the machines
as per system demand.
Electrical Engineer (1991-1993)
Electrical Engineer for Rural Electrification
Project funded by OECF Japan. Involved in
preparation of SLD, voltage drop
calculations, BOQ and supervision of
installation.
Fatima Energy
,N 1
A
t `11 a
(.3 0
p C ofn p
r
Curriculum Vitae
Saima Jan
Muhammad
Position
Process Engineer
•
•
Nationality
Pakistani
Languages
English, Urdu
Qualification
MS Chemical Engineer (on
going) University of
Engineering & Technology Lahore
BSc. Chemical Engineering
Technology - Lahore
•
•
Technical Reviews
Technical evaluations
Drawing technical conclusions
Process Engineering
Calculations
Hyses / Aspen Plus / HTFS
Plant Monitoring & controlling
Troubleshooting
Budgeting
Training & development
Synopsis
Saima Jan Muhammad is a Chemical Engineer having 04+ years of
diversified experience in fertilizer, Clean Development Mechanism
(CDM) and power sector. She has worked with Fatima Group
acquiring experience of process engineering since 2008. To
promote her expertise in process Engineering she is also doing MS
Chemical Engineering.
Deputed to contribute expertise to project core activities as an
process engineer starting from feasibility studies, thermal cycles,
thermal and efficiency calculations, EPC proposals review, EPC
clarifications & Non-EPC activities. She is also contributing as HSE
coordinator of Fatima Group, developing safe culture, conducting
in house and out door safety trainings, maintaining frequently
talks.
safety
(2008-2011)
Limited
Fertilizers
Pak-Arab
Technical services department
Deputed to contribute expertise to all activities relevant to plant's
Process monitoring and controlling.
Core responsibilities included monitoring and analyzing process
parameters. Equipment's Performance Evaluation on Simulation
Tools. Daily monitoring of plant & TMP development and
implementation. Startup monitoring as per SOP. Research for new
technologies for plant development. Equipment specification
sheets development. Production calculations of Ammonia, Nitric
Acid, Utilities, Co-gen plants. Process/Equipment efficiency
calculations . Handling Service requests. Conducting modifications
needed at plant to improve process efficiency. Resolving plant's
problems. Efficient involvement in all the technical related issues
and on going Projects. Process Package Preparation and related
drawings updating. Procedures making for Test Runs/
Performances. Incident Root Cause report Analysis. Performing
additional activities like DTC coordinator and as an department
Safety Coordinator for TSD.
MIR
Fatima Energy
t
\ 1 3
e
t—na Groan Company
Synopsis:
Curriculum Vitae
Muhammad Adnan
Arshad
Position
Accounts Officer—II
(Finance & Accounts Division)
Date of Birth
25 December 1984
Nationality
Pakistani
Languages
English, Urdu & Punjabi
Qualification
CA — Finalist (ICAP)
B.A. (Economics & Statistics)
Punjab University, Lahore
Financial Statements Audit
Assurance & Agreed
Procedures
IFRS/ IAS Financial Reporting
Risk Management &
Compliance
Credit Portfolio Reviews
COSO Internal Controls & SPA
Taxation; & Corporate Laws
Restructuring & Due Diligence
Business Process
Reengineering
ERP Oracle Financials EBS
Review of IT General Controls
Financial Analysis & Budgeting
`Mr. Muhammad Adnan Arshad' has
more than five (05) years practical
knowledge and professional work
experience in the field of
accountancy & finance, auditing,
assurance & business advisory,
taxation, corporate & financial
reporting, financial/ management
consultancy, internal controls, risk
management & compliance etc.
He has diversified professional
experience in auditing, and financial
& management reviews of financial
services sector including corporate &
investment banking; commercial
banking; microfinance institutions;
including
manufacturing sector
beverages; cotton ginning &
agricultural farms; paints &
chemicals; services sector including
educational
telecommunications;
institution; hotels & restaurants; and
public sector organizations of Govt.
of Punjab.
Fatima Energy Limited, Fatima
(April23, 2012 To-Date)
Group
Currently, engaged as 'Finance &
Accounts Professional' at the Group
Head Office (Lahore) of 'Fatima
Energy Limited [A Fatima Group
Company]'. Fatima Energy Limited
has been incorporated and plans are
underway to install a 120 MW cogeneration power plant.
The City Schools (Private) Limited —
City Schools Network (2011-12)
Worked as a 'Deputy Manager
Accounts' in 'Finance & Accounts
Department' at the Group Head
Office (Lahore) of The City Schools
(Private) Limited.
His major responsibilities included
supervision of all accounting
transactions related to Accounts
Payables (AP), Cash Management,
Head Office Funds Reconciliation,
Cash & Bank Reconciliations,
Accounts Receivables (AR); Billing/
Fee collection of all branches of
Central Regional Office (CRO), and the
accurate posting of all data files from
various branches into the centralized
AP, CMM, Billing Modules of ERPOracle Financials (EBS-R111).
A.F. Ferguson & Co., Chartered
Accountants, Lahore (A member firm
of PricewaterhouseCoopers (PwC)]
(2006-2010)
Completed 3.5 years' C.A. Articleship
as a 'CA—Trainee Student' from A.F.
Ferguson & Co., Chartered
Accountants (Lahore Office) — A
of
firm
member
(PwC)
PricewaterhouseCoopers
Network (a network of world's top
accountancy & audit firms)
Extensive practical experience, by
working at various levels, up to the
level of 'Audit Team Senior/ Audit Job
In charge', has enabled him to
comprehensive
develop
a
understanding of organizational-wide
accounting & internal controls
systems of various local &
multinational organizations.
Special Functional Trainings:
- Course of Computer Practical
Training (CCPT) conducted by ICAP
- Presentation Skills Training Course
(PSTC) recommended by ICAP
- Online Trainings & E-Learning
Courses on MyClient — Audit
Automation Software developed
by PricewaterhouseCoopers (PwC)
- Hands-on-trainings on various
customized accounting software
packages (including QuickBooks,
Oracle-Based-ERP Applications
- Seminars & workshops for
training
professional
development arranged by ICAP and
A.F. Ferguson & Co. regarding PwC
global best practices of accounts &
audit methodology, taxation;
corporate & secretarial practices;
documentation procedures & audit
techniques etc.
Fatima Energy
itIma G n,rp Lomplry
Curriculum Vitae
Mariam Waris
Position
Process Engineer
Date of Birth
08 March 1988
Nationality
Pakistani
Languages
English, Urdu
Qualification
MBA (on going)
Technology - Lahore
Technical Review of proposals
Process Engineering
Calculations
Technology Evaluations
Troubleshooting
Budgeting
Synopsis
Mariam Waris is a Chemical Engineer having 03 years of
diversified experience in fertilizer and power sector. She has
worked with Fatima Group acquiring experience of process
engineering since 2009. To promote her expertise in project
management she is also doing professional MBA.
process engineer starting from feasibility studies, energy cycles,
EPC proposals review & Non-EPC activities. She is also contributing
as training coordinator of Fatima Energy Limited preparing
budgets and arranging technical & soft skills training courses.
Pak-Arab
Fertilizers
Limited
(2009-2011)
Corporate and Investment
Banking Group
December -. 2012
NI S h 11 Ill FNU.ItGl 1,1111 FED
110
INha ■
aban-e-.1innali
Lahore ( antt
TO NA IIONI IT 11:11" CONCFIR
•
NIrs Valium I rierg. Limited 1 I at
( Troup Compam) i, maintaining a
account 0(110000011(11)50010) Mill us since 30 December, 2010. During this period \\
lkitind the u npanv has a sound financial background
I hi, I,
ceriik that
currcut
I his ecrtiticdtc i, issuk_sd
on -,pecitic request of the customer and does not constitute any liability on
part of the Rank or any of its Officers
OtIrs I rul e.
•
Auth ► riie Signatures
( (It pot te ( entic
I ,1,1.,11011(-,
Atitho zed Signatures
0361, 7-I -ill Main Boulek and Culberg III I aliore
%, 1\ \\
'11)
jetAllied Bank
PK0010361Branch Name:7-E Gulberg, Lahore
E-110, KHAYABAN-E-JINNAH,
Statement Period:01 JAN 2013 TO 18 JAN 2013
LAHORE, CANTT
Account Number:0010000110050010
LAHORE
Account Status:Regular
PUNJAB PAKISTAN
Pakistan Rupee
042111328462
Current Accounts
04236621389
BALANCE AT PERIOD START :
2,306,534.79
DATE
PARTICULARS
VALUE DATE
02 JAN 13
Clearing
02 JAN 13
108,290.00
2,198,244.79
02 JAN 13
105,334.00
2,092,910.79
02 JAN 13
111,600.00
1,981,310.79
02 JAN 13
108,290.00
1,873,020.79
04 JAN 13
263,742.00
1,609,278.79
08 JAN 13
206,060.00
1,403,218.79
DEBITS
CREDITS
BALANCE
12844325
02 JAN 13
Clearing
12844324
02 JAN 13
Clearing
12844322
02 JAN 13
Clearing
12844323
410
1104 JAN 13
Clearing
11589896
08 JAN 13
Clearing
12844326
10 JAN 13
Online Transfer
10 JAN 13
6,900,000.00
8,303,218.79
PK0010393
14520415
10 JAN 13
Outward Cheque Realized
10 JAN 13
11 JAN 13
Cheque Book Charges
11 JAN 13
300.00
10,802,918.79
15 JAN 13
Clearing
15 JAN 13
264,000.00
10,538,918.79
2,500,000.00
10,803,218.79
11589861
TOTAL DEBIT / CREDIT
1,167,616.00
9,400,000.00
CLOSING BALANCE
TOTAL WITHHOLDING TAX DEDUCTED
10,538,918.79
0.00
•
,REVE- Reversal Entry
This is a computer-generated statement, issued without any alteration, and does not require any signature
Page 1 of 1
0
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
JUNE 30, 2012
•
Deloitte
M. Yousuf Adil Saleem & Co
Charteiecl Accountants
'734 A Abu Bakar Block
New Garden Town
Lahore
Pakistan
Fax
02 '0' 42 35913505 7
—92 (0' 42 35864020
-C210, 42 35864021
www.deloitie com/pk
AUDITORS' REPORT TO THE MEMBERS
•
We have audited the annexed balance sheet of FATIMA ENERGY LIMITED (the company) as at
June 30, 2012 and the related profit and loss account, cash flow statement and statement of
changes in equity together with the notes forming part thereof, for the year then ended and we
state that we have obtained all the information and explanations which, to the best of our
knowledge and belief, were necessary for the purposes of our audit
It is the responsibility of the Company's management to establish and maintain a system of
internal control, and prepare and present the above said statements in conformity with the
approved accounting standards and the requirements of the Companies Ordinance. 1984 Our
responsibility is to express an opinion on these statements based on our audit
We conducted our audit in accordance with the auditing standards as applicable in Pakistan
These standards require that we plan and perform the audit to obtain reasonable assurance
about whether the above said statements are free of any material misstatements An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the
above said statements An audit also includes assessing the accounting policies and significant
estimates made by management, as well as, evaluating the overall presentation of the above
said statements We believe that our audit provides a reasonable basis for our opinion and, after
due verification, we report that:
(a) In our opinion, proper books of account have been kept by the Company as required
by the Companies Ordinance, 1984.
(b) In our opinion
(i) the balance sheet and profit and loss account together with the notes thereon
have been drawn up in conformity with the Companies Ordinance, 1984, and are
in agreement with the books of account and are further in accordance with
accounting policies consistently applied,
(ii) the expenditure incurred during the year was for the purpose of Company's
business, and
(iii) the business conducted, investments made and the expenditure incurred during
the year were in accordance with the objects of the Company,
(c ) In our opinion, and to the best of our information and according to the explanations
given to us, the balance sheet, profit and loss account/statement of comprehensive
income, cash flow statement and statement of changes in equity together with the
notes forming parts thereof, conform with the approved accounting standards as
applicable in Pakistan, and give the information required by the Companies
Ordinance, 1984, in the manner so required and, respectively give a true and fair
11.1 rii'06a
Tialche Trahrrin'tii I imoed
Deloitte
Chartered Accountants
view of the state of the Company's affairs as at June 30, 2012 and of the loss, its
cash flows and changes in equity for the year then ended and
(d) In our opinion no Zakat was deductible at source under the Zakat and Ushr
Ordinance, 1980 (XVIII of 1980).
(Chartere(d Accountarits)
Talat Javed
(Engagement Partner)
October 08, 2012
Place: Lahore
Tu"-hit,
BALANCE SHEET
AS AT JUNE 30, 2012
2012
Note
2011
2012
Rupees
Note
EQUITY AND LIABILITIES
2011
Rupees
ASSETS
SHARE CAPITAL AND
RESERVES
NON-CURRENT ASSETS
Authorized capital
Property and equipment
8
293,907,337
158,807,116
9
184,766
686,662
10
695,667
1,024,459
1,000,000 (2011:1,000,000)
ordinary shares of Rs. 10
each
•
10,000,000
10,000,000
Issued, subscribed and paid
up capital
4
Accumulated loss
350,000
350,000
(4,732,152)
(1,337,710)
(4,382,152)
(987,710)
CURRENT LIABILITIES
CURRENT ASSETS
Loan from related party unsecured
Advances and short term
5
248,562,557
147,549,148
48,101,976
13,633,597
2,505,389
323,202
299,169,922
161,505,947
294,787,770
160,518,237
prepayments
Markup payable to related
party
Other payables
6
Cash and bank balances
880,433
1,711,121
CONTINGENCIES AND
COMMITMENTS
•
7
294,787,770
160,518,237
I he annexed notes from 1 to 16 form an integral part of these financial statements
Chief Executive Officer
Director
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2012
2012
Note
Administrative expenses
11
Loss for the year
•
2011
Rupees
3,394,442
1,230,585
(3,394,442)
(1,230,585)
(3,394,442)
(1,230,585)
Other comprehensive income
Total comprehensive loss for the year
The annexed notes from 1 to 16 form an integral part of these financial statements.
•
%J.<.../
Director
STATEMENT OF CHANGES IN EQUITY
Share capital
Accumulated loss
Total
Rupees
Balance as at June 30, 2010
•
350,000
Loss for the year ended June 30, 2011
(107,125)
242,875
(1,230,585)
(1,230,585)
(1,230,585)
(1,230,585)
(1,337,710)
(987.710)
(3,394,442)
(3,394,442)
(3,394,442)
(3,394,442)
(4,732,152)
(4,382,152)
Total comprehensive loss
350,000
350,000
Director
CASH FLOW STATEMENT
2012
CASH FLOWS FROM OPERATING ACTIVITIES
Note
Loss for the year
2011
Rupees
(3,394,442)
(1,230,585)
Adjustments for.
Depreciation
1,123,009
Loss on sale of operating fixed assets
411,405
57,751
(2,213,682)
(819,180)
Changes in working capital
•
Decrease/(increase) in advances and short term prepayments
501,896
Increase in other payables
2,182,187
Net cash from/(used in) operating activities
470,401
(686,662)
188,702
(1,317,140)
CASH FLOWS FROM INVESTING ACTIVITIES
Fixed capital expenditure
(104,826,742)
Proceeds from sale of property and equipment
(121,706,538)
3,014,140
Net cash used in investing activities
(101,812,602)
(121,706,538)
Increase in loan from related party
101,013,409
123,519,369
Net cash from investing activities
101,013,409
123,519,369
CASH FLOWS FROM FINANCING ACTIVITIES
Net (decrease)/increase in cash and cash equivalents
•
(328,792)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
10
1,024,459
528,768
695,667
1,024,459
495,691
Director
' FATIMA ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
1
LEGAL STATUS AND OPERATIONS
1.1
Fatima Energy Limited (the Company), was incorporated in Pakistan on June 22, 2004 as a non-listed public
company under the Companies Ordinance, 1984 The principal activity of the Company will be to own, operate
and maintain a co-generation power plant at Sanawan, Kot Addu, Punjab Pakistan. The Company is in the process
of setting up of its unit. The registered office of the Company is in Lahore
1.2 These financial statements are presented in Pak Rupees, which is the Company's functional as well as presentation
currency
2
STATEMENT OF COMPLIANCE, BASIS OF PREPARATION AND SIGNIFICANT ESTIMATES
2.1 Statement of compliance
These financial statements have been prepared in accordance with the approved accounting standards as
applicable in Pakistan. Approved accounting standards comprise of such International Financial Reporting
Standards (IFRS) issued by the International Accounting Standards Board (IASB) as notified under the provisions of
the Companies Ordinance, 1984, the requirements of the Companies Ordinance, 1984 and the directives issued by
the Securities and Exchange Commission of Pakistan (SECP). Wherever the requirements of the Companies
Ordinance, 1984 or the directives issued by the SECP differ with the requirements of the IFRS, the requirements of
the Companies Ordinance, 1984, and the said directives shall take precedence.
2.2
Standards, interpretation and amendment adopted during the year
The following amendments to existing standards have been published that are applicable to the Company's
financial statements covering annual periods, beginning on or after the following dates:
2.2.1 Standards, amendments to published standards and interpretations that are effective in current year and are
relevant to the Company's operations
Following are the amendments that are applicable for accounting periods beginning on or after January 1, 2011:
IAS 1 (amendment), 'Presentation of financial statements', is effective for annual periods beginning on or after
January 1, 2011. The amendment clarifies that an entity may choose to present the required analysis of items of
other comprehensive income either in the statement of changes in equity or in the notes to the financial
statements. This amendment does not have a material impact on the company's financial statements.
- IAS 24 (Revised), 'Related party disclosures', issued in November 2009. It supersedes IAS 24, 'Related party
disclosures', issued in 2003. The revised standard clarifies and simplifies the definition of a related party and
removes the requirement for government-related entities to disclose details of all transactions with the
government and other government-related entities. As this change only impacts presentation aspects, there is no
impact on the results for the year
IFRS 1 (Amendment) (effective 1 July 2011) These amendments include two changes to IFRS 1, 'First-time
adoption of IFRS', The first replaces references to a fixed date of 1 January 2004 with 'the date of transition to
IFRSs', thus eliminating the need for entities adopting IFRSs for the first time to restate derecognition transactions
that occurred before the date of transition to IFRSs. The second amendment provides guidance on how an entity
should resume presenting financial statements in accordance with IFRSs after a period when the entity was unable
to comply with IFRSs because its functional currency was subject to severe hyperinflation. The Company has
determined that there is no material impact of the above amendment on the financial information.
- IFRS 7, 'Disclosures on transfers of financial assets' (Amendment), issued in October 2010. The new disclosure
requirements apply to transferred financial assets. An entity transfers a financial asset when it transfers the
contractual rights to receive cash flows of the asset to another party. These amendments are as part the IASBs
comprehensive review of off balance sheet activities. The amendments will promote transparency in the reporting
of transfer transactions and improve users' understanding of the risk exposures relating to transfers of financial
assets and the effect of those risks on an entity's financial position, particularly those involving securitization of
financial asset. The Company has determined that there is no significant transfer of financial assets that require
disclosure under the guidance above.
- IFRS 7 (amendment), 'Financial instruments: Disclosures', is effective for annual periods beginning on or after
January 1, 2011. The amendment emphasizes the interaction between quantitative and qualitative disclosures and
the nature and extent of risks associated with financial instruments. The amendment does not have a material
impact on the company's financial statements
2.2.2 Standards, amendments to published standards and interpretations that are effective in current year but not
The other new standards amendments and interpretations that are mandatory for accounting period beginning on
or after July 01, 2011 are considered not to be relevant or to have any significant impact on company's financial
reporting and operations.
2.2.3 Standards, amendments and interpretations to existing standards that are not yet effective and have not
been early adopted by the Company
•
The following IFRSs, amendments and interpretations are effective for accounting periods beginning on or after
the date mentioned against each of them:
Effective for period
beginning from
-IAS 1 Presentation of financial statements (amendment)
•
2.3
January 1, 2012
-IAS 19 Employee benefits (amendment)
January 1, 2013
-IAS 32 Financial instruments • Presentation
January 1, 2013
-IAS 27 Separate financial statements
January 1, 2013
-IAS 28 Investment in associates (Revised)
January 1, 2013
-IFRS 7 Financial instruments' Disclosures
January 1, 2013
-IFRS 9 Financial instruments
January 1, 2013
-IFRS 10 Consolidated financial statements
January 1, 2013
-IFRS 11 Joint arrangements
January 1, 2013
-IFRS 12 Disclosure of interests in other entities
January 1, 2013
-IFRS 13 Fair value measurement
January 1, 2013
-IAS 32 Financial instruments- Presentation', on offsetting
financial assets and financial liabilities
January 1, 2014
January 1, 2015
Significant Estimates
The preparation of financial statements in conformity with IFRS requires management to make judgments,
estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities,
income and expenses. The estimates and associated assumptions are based on historical experience and various
other factors that are believed to be reasonable under circumstances, and the results of which form the basis for
making judgment about carrying value of assets and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognized in the period in which estimates are revised if the revision affects only that period, or in the period of
revision and future periods if the revision affects both current and future periods.
Judgments made by management in the application of IFRSs that have significant effect on the financial
statements and estimates with a significant risk of material adjustment in the next year are discussed in the
ensuing paragraphs.
The Company reviews the useful lives of property and equipment on regular basis. Any change in the estimates in
future years might affect the carrying amounts of the respective items of property and equipment with a
corresponding effect on the depreciation charge and impairment, if any.
Taxation
The Company takes into account the current income tax taw and decisions taken by appellate authorities.
Instances where the Company's view differs from the view taken by the income tax department at the assessment
stage and the Company considers that its view on items of material nature is in accordance with law, the amounts
are shown as contingent liabilities.
3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3.1 Payables
Liabilities for other payables are carried at their cost which is the fair value of the consideration to be paid in the
future for goods and services received whether billed to the Company or not.
3.2 Provisions
Provisions are recognized in the balance sheet when the Company has a present, legal or constructive obligation
as a result of past events, it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation, and a reliable estimate of the amount can be made. Provisions are reviewed at
each balance sheet date and adjusted to reflect the current best estimate.
3.3 Borrowings
Loans and borrowings are recorded at the proceeds received. Finance cost are accounted for on an accrual basis
and are included in interest accrued on loans to the extent of amount remaining unpaid, if any.
3.4 Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are
assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to
the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.
Investment income earned on the temporary investment of specific borrowings pending their expenditure on
qualifying asset is deducted from the borrowing costs eligible for capitalization.
All other borrowing costs are recognized in profit and loss account.
3.5 Taxation
Profit and gains derived by the company from electric power generation project are exempt from tax under clause
132 of the Part I of the Second Schedule to the Income Tax Ordinance, 2001. The company is also exempt from
minimum tax on turnover under clause 15 of the Part IV of the Second Schedule to the Income Tax Ordinance,
2001. However, full provision will be made in the profit and loss account on income from other sources not
covered under the above clauses at current rates of taxation after taking into account tax credits and rebates
available, if any.
3.6 Property and equipment
Property and equipment except capital work in progress are stated at cost less accumulated depreciation and any
identified impairment loss. Capital work in progress is stated at cost less any identified impairment loss. Cost also
includes capitalized borrowing costs as referred to in note 8.3.
Depreciation on property and equipment is charged to profit and loss account on the straight line method so as to
write off the depreciable amount of an asset over its estimated useful life at the annual rates mentioned in note
8 1.1
Depreciation on additions to property and equipment is charged from the month in which an asset is acquired or
capitalized, while no depreciation is charged for the month in which the asset is disposed off. The assets' residual
values and useful lives are reviewed, at each financial year end, and adjusted prospectively, if impact on
depreciation is significant.
The Company assesses at each balance sheet date whether there is any indication that property and equipment
may be impaired. If such indication exists, the carrying amounts of such assets are reviewed to assess whether
they are recorded in excess of their recoverable amount. Where carrying values exceed the respective
recoverable amount, assets are written down to their recoverable amounts and the resulting impairment loss is
recognized in profit and loss account. The recoverable amount is the higher of an asset's fair value less costs to
sell and value in use. Where an impairment loss is recognized, the depreciation charge is adjusted in the future
periods to allocate the asset's revised carrying amount over its estimated useful life.
•
Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate,
only when it is probable that future economic benefits associated with the item will flow to the Company and the
cost of the item can be measured reliably. All other repair and maintenance costs are charged to profit and loss
account during the period in which they are incurred. The gain or loss on disposal or retirement of an asset
represented by the difference between the sale proceeds and the carrying amount of the asset is recognized as an
income or expense.
3.7 Capital work in progress
Capital work in progress is stated at cost less any recognized impairment loss. All expenditure connected with
specific assets incurred during installation and construction period are carried under capital work in progress.
These are transferred to specific assets as and when these assets are available for use.
3.8 Cash and cash equivalents
Cash and cash equivalents are carried in the balance sheet at cost. For the purpose of cash flow statement, cash
and cash equivalents consist of cash in hand and balances with banks.
3.9 Related party transactions
Transactions with related parties are priced on arm's length basis. Prices for these transactions are determined
on commercial terms and conditions.
3.10 Financial instruments
Financial assets and financial liabilities are recognized at the time when the Company becomes a party to the
•
contractual provisions of the instrument and de-recognized when the Company loses control of contractual rights
that comprise the financial assets and in the case of financial liabilities when the obligation specified in the
contract is discharged, cancelled or expired. Any gain or loss on derecognition of financial assets and financial
liabilities is included in the profit and loss account currently.
3.11 Offsetting of financial assets and liabilities
Financial assets and liabilities are offset and the net amount is reported in the financial statements only when
there is a legally enforceable right to set off the recognized amount and the Company intends either to settle on a
net basis or to realize the assets and to settle the liabilities simultaneously.
3.12 Foreign Currencies
Transactions in currencies other than Pak Rupees are recorded at the rates of exchange prevailing on the dates of
the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign
currencies are retranslated at the rates prevailing on the balance sheet date except where forward exchange
contracts have been entered into for repayment of liabilities, in that case, the rates contracted for are used.
Gains and losses arising on retranslation are included in profit and loss for the year.
2012
4
ISSUED, SUBSCRIBED AND PAID UP CAPITAL
2011
Rupees
2012
2011
Number of shares
4.1
5
35,000
35,000 Ordinary shares of Rs. 10 each fully
paid in cash
350,000
350,000
35,000
35,000
350,000
350,000
There was no movement in issued, subsucribed and paid up capital during the year.
LOAN FROM RELATED PARTY - UNSECURED
This represents amount payable to Fatima Sugar Milts Limited - an associated company. It carries markup at the
rate of one month Kibor plus 3% per annum.
2012
6
OTHER PAYABLES
Note
Due to associated undertaking
6.1
Accrued expenses
Withholding tax
Others
2011
Rupees
986,486
1,256,903
168,067
262,000
143,925
11,210
2,505,389
323.202
6.1 This represents payable to associated undertaking against consultancy charges incurred on behalf of the company.
7
CONTINGENCIES AND COMMITMENTS
7.1 Contingencies
There are no significant contingencies at balance sheet date.
7.2 Commitments
Termination fee payable under non cancellable contract aggregates to Rs. 6,198,400 (2011• Rs. 6,488,846).
2012
8
PROPERTY AND EQUIPMENT
Note
Operating fixed assets
8.1
8.2
Capital work in progress
2011
Rupees
83,166,307
210,741,030
2,579,679
156,227,437
293,907,337
158,807,116
8.1
8.1.1 As at June 30, 2012
COST
Description
As at July 01,
2011
Additions /
(Disposals)
ACCUMULATED DEPRECIATION
As at June 30,
2012
As at July 01,
2011
Charge for the
As at June 30,
year / ( on
2012
disposals)
Rupees
Land
Computers
Office equipment
•
79,570,058
79,570,058
598,000
745,423
29,211
146,314
175,525
569,898
25
69,085
55,800
113,185
12,251
9,099
19,646
93,539
10
79,570,058
(11,700)
2,774,576
(1,704)
275,000
275,000
4,282,670
3,528,915
369,943
(3,528,331)
June 30, 2012
..
147,423
Furniture and fixtures
Vehicles
Book value as
at June 30,
Annual rate of
2012
depreciation %
2,991,084
84,781,528
16,042
16,042
258,958
10
951,554
855,061
2,673,854
20
1,066,274
83,166,307
(466,436)
84,232,581
411,405
(3,540,031)
1,123,009
(468,140)
8.1.2 As at June 30, 2011
COST
Description
As at July 01,
2010
Additions
As at June 30,
2011
As at July 01,
2010
Charge for the As at June 30,
year
2011
Book value as
at June 30,
Annual rate of
2011
depreciation %
Rupees
Computers
147,423
147,423
29,211
29,211
118,212
25
69,085
69,085
12,251
12,251
56,834
25
Vehicles
2,774,576
2,774,576
369,943
369,943
2,404,633
20
June 30, 2011
2,991,084
2,991,084
411,405
411,405
2,579,679
Office equipment
•
8.1.3 The following assets were disposed off during the year:
Cost
Description
Accumulated
depredation
Carrying value
Sale proceeds
disposal
Rupees
Office equipment
11,700
1,704
Mode of
9,996
Scraped
Vehicles
Toyota Corolla XLI
1,387,288
323,700
1,063,588
1,015,833
Negotiation
Honda Civic
2,141,043
142,736
1,998,307
1,998,307
Negotiation
3,540,031
468,140
3,071,891
3,014,140
2012
•
•
2011
2012
8.2
Note
2011
Rupees
Land
71,102,967
Payments to consultants/contractors against technical services
88,375,150
35,069,698
Unallocated expenditures:
Consultancy services
Finance cost
8.3
Legal and professional charges
23,100,583
21,880,265
48,101,976
13,633,597
6,116,658
3,388,958
Salaries, wages and other benefits
26,312,110
6,280,589
Travelling and conveyance
15,588,274
4,714,934
474,616
73,498
Communication and postage charges
Others
2,671,663
82,931
122,365,880
50,054,772
210,741,030
156,227,437
8.3
The amount of borrowing cost capitalized during the year is Rs. 34,468,379 (2011: Rs. 6,828,533).The rate used to
determine the amount of borrowing cost eligible for capitalization is mentioned in note 5.
9
ADVANCES AND SHORT TERM PREPAYMENTS
2012
Note
Advance income tax
2011
Rupees
95,205
Advances to employees for expenses
10
Prepaid insurance premium
31,631
Others
57,930
19,312
184,766
686,662
CASH AND BANK BALANCES
Cash in hand
Cash at bank in current accounts - local currency
11
12,096
655.254
20,000
19,060
675,667
1,005,399
695,667
1,024,459
ADMINISTRATIVE EXPENSES
Depreciation
Entertainment expenses
Vehicles running and maintenance
8.1.1
1,123,009
411,405
30,122
238,084
1,304,616
232,114
Auditors remuneration
88,451
147,494
insurance
81,182
69,688
Medical expenses
203,211
53,894
Fee and subscription
126,196
47,058
Printing and stationery
374,763
26,704
Loss on sate of operating fixed assets
Others
57,751
5,141
4,144
3,394,442
1,230,585
12
FINANCIAL INSTRUMENTS
The Company has exposure to the following risks from its use of financial instruments:
Credit risk
Liquidity risk
Market risk
This note presents information about the Company's exposure to each of the above risks, the Company's
objectives, policies and processes for measuring and managing risk, and the Company's management of capital.
Further quantitative disclosures are included throughout these financial statements.
The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. The Board is responsible for developing and monitoring the Company's risk
management policies.
The Company's risk management policies are established to identify and analyze the risks faced by the Company,
to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management
policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.
The Company, through its training and management standards and procedures, aims to develop a disciplined and
constructive control environment in which all employees understand their roles and obligations. The Board of
Directors reviews and agrees policies for managing each of these risks.
12.1
Credit risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails
to meet its contractual obligations. To manage credit risk, the Company maintains procedures covering the
application for credit approvals, granting and renewal of counterparty limits and monitoring of exposures against
these limits. As part of these processes, the financial viability of all counterparties is regularly monitored and
assessed.
The Company is exposed to credit risk from its operating activities primarily for financial assets.
The Company's credit risk exposures are categorized under the following headings:
12.1.1 Counter parties
As Company has not started operations yet. so, presently there is not major counterparty except consultants for
technical consultancy.
12.1.2 Exposure to credit risk
The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to
credit risk at the reporting date was
2011
2012
Rupees
Cash and Bank balances
12.2
695,667
1,024,459
695,667
1,024,459
Liquidity risk management
Liquidity risk reflects the Company's inability in raising funds to meet commitments. Management closely
monitors the Company's liquidity and cash flow position.
12.2.1 Liquidity and interest risk table
The following table details the Company's remaining contractual maturity for its non-derivative financial
liabilities. The table has been drawn up based on the undiscounted cash flows of financial liabilities.
Carrying amount and contractual cash flows of financial liabilities are approximately same.
Carrying amount
2012
2011
Rupees
Maturity upto one year
248,562,557
147,549,148
Markup payable to related party
48,101,976
13,633,597
Other payables
1,248,486
155,135
297,913,019
161,337,880
Loan from related party
• 12.3 Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect
the Company's cost. The objective of market risk management is to manage and control market risk exposures
within acceptable parameters, while optimizing the return on risk.
12.3.1 Foreign currency risk management
Pak Rupee (PKR) is the functional currency of the Company and as a result currency exposure arise from
transactions and balances in currencies other than PKR. The Company's potential currency exposure comprise:
- Transactional exposure in respect of non functional currency monetary items.
- Transactional exposure in respect of non functional currency expenditure and revenues.
The potential currency exposures are discussed below:
Transactional exposure in respect of non functional currency monetary items
Monetary items, including financial assets and liabilities, denominated in currencies other than the functional
currency of the Company are periodically restated to PKR equivalent, and the associated gain or loss is taken to
the profit and loss account. The foreign currency risk related to monetary items is managed as part of the risk
management strategy.
Transactional exposure in respect of non functional currency expenditure and revenues
Company is in development phase and there are only expenditures relating to foreign consultants which are not
in Pak Rupees These currency risks are managed as a part of overall risk management strategy.
The Company does not have exposure to foreign currency risk except for commitments as at June 30, 2012
amounted to Euro 52,000 (2011: 52,000) relating to Termination fee, payable on cancellation of contract.
12.4
Interest rate risk
The interest rate risk is the risk that the value of the financial instrument will fluctuate due to changes in the
market interest rates
Profile
At the reporting date the interest rate profile of the Company's interest bearing financial instruments are:
2012
2011
2012
2011
Rupees
12.5
15.04
15.96
34,468,379
6,828,533
Determination of fair values
Fair value of financial instruments
Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable
willing parties in an arms length transaction other than in a forced or liquidation sale.
The carrying values of all financial assets and liabilities reflected in the financial statements approximate their
fair values
• 13
RE-CLASSIFICATION AND RE-ARRANGEMENTS
Corresponding figures have been re-classified and re-arranged wherever necessary to reflect more appropriate
presentation of events and transactions for the purpose of comparison. Significant re-classification is as follows:
14
From
To
Reasons
Office equipment
Computers
For better presentation
Rupees
147,423
TRANSACTIONS WITH RELATED PARTIES
The related parties comprise associated undertakings, directors of the company and key management personnel.
The Company in the normal course of business carries out transactions with various related parties. The amount
due to is shown under note related to loan from related party and markup payable on this loan. Significant
transactions with related parties are as follows:
Nature of relation
Nature of transactions
2012
2011
Rupees
Associated company
Receipt of loan
Markup payable on loan
Consultancy fee paid on behalf of
Company
15
101,013,409
34,468,379
123,302,967
6,828,533
986,486
DATE OF AUTHORIZATION FOR ISSUE
These financial statements have been approved by the board of directors of the Company and authorized for
issue on -.
16
GENERAL
The figures have been rounded off to the nearest Rupee.
Director
swir412..,rdte t-- ep,rr),
CSIC Profile St Experience
CS K:
The EPC Contractor is ovvric"1 by 03k; which
a a.
stii,ite-ovvned enterprise gioup and one of
China's largest shipbuilding and enc., gy equipment group.,. LiIC has 43 indc,trial subsidiaries
and 28 R&D institutes, ',,vith a work
of 150,.0b0 Furthcr CSIC us
e;atity quectly under the
state government with state authorisation or nyc nier, ra id capOal n.niagerrient. The CSIC
group has a total asset base of US":, 38 billion; and in 2011 the total re\,cinuo pf the CSIC group
was 181 billion RMB.
In relation to the development of the Project; the fo!lowing two subsidiaries of CSIC shdli jointly
carry out all the necessary EPC works:
Shanghai Marine Diesel Engineering Research inStit u e (SPAM RI) or CSIC-711 was
founded in 1963 and is a part of the Ministry of Defense, China Navy, - Fechnolog,y and
Industry for National Defense, China Shipbuilding State Corporation and CSIC.
•
China Shipbuilding & Offshore International Co., Ltd (CsO()1,, the trade arm of CSIC with
a registered capital of RMB 367nirri. The heaciqual ters of CSOC
located in Beijing,
China.
CSIC-711.
C.SiC-711 is a large and rrulti-specialtio; enti;y„ engaged in R&D, incinelafuring, technical
service, turnkey project and domestic. drid foreign trade io;iinly for Power Plants and Diesel
F rgines. CSIC was also awarded the first prize of scieia(e and technol o gy progress by the
commission of science, technology and industry or national defence.
Main Products of CSIC-711 :
Diesel engines of L21/31, L16/24 under license of MAN Group and also its own designs
with production capacity of 200 sots in the y(-ar 7009 and :1;so has joint ventures with
Wartsila Group namely :"Shanghai Wortsila Qiyiao Diesel FIVIle CC'Plpcilly Ltd." and
"Qingdao Qiyao Wai sila MM Liniihon Diesel tingine Co. Ltd"
•
Automatic monitoring and Control technolortPs and products
•
Transmission Technology and products
Vibration and Noise redection
•
9
•
L0( hnoiogw,,
Stirling Engines
Seawater Desalinizing Equipment 3 Project
Energy Conservation and Environmental Protection Power Projects
Biomass Power Projects of CSIC-711
•
and products
Weixian Biomass Power Plant(2x)4 MW)
csrrc
iprolori* r
--
M 74:1,1
•
Sheyang Biomass Power Piant(2x24 MW)
•
Chengan Biomass Power Plant( r x2/4 MW)
•
Yunnan Shantong Waste Gas Generation Power Plant(2x6 MW)
•
Guangxi Fty-Ali Biogas Power Plant(6x1063 KW)
•
It has also undertaken plenty of power generation projects in Indonesia, Kampuchea,
Brrina,Pakistan and many othei countries
Thermal 1 urnkey Projects of CSIC-711.
•
•
•
50 MW Pa;ido Power Plant Project for Indonesia
MW Diesel Power Plant Pakistan
Project in:- Pr.
National
rid,with
y of 25 sets L20/27 Diesel Engine
Gensets
•
21MW sa:Idong
none Power Plant
•
15 MW Xiangsan Special Diesel Engine Powei Plant
•
Xinjiang i unman
•
Changzhou Hoayuan Power Company
•
Changzhou Sithe thermal Power company
•
28 Combined Cycle Power Plants with total capacity of 1700M \,\/
Power Plant Project
CSIC-711 Experience List
:
Z
Biomass and Environmental Protection Projects
G INIV...112P0*--"P
CSIC Experience List for Biomass Power Plants
Project Cost
Project
Sr. #
Project Name
1
Supply, Erection
Work,
CSIC
RMB
US$
Million
Million
Date
552
85
2007 1 30
561
86
2007 6 26
299
46
2007 2 24
2*6MW
168
26
2009 12
6*1063kW
78
12
2010 5
Project Capacity
Name
Engineering,
Design, Equipment
Project
Completion
Role
2x130T/h
Weixian
Boilers+2x24MW
Biomass
EPC
Steam Turbine
Contractor
Power Plant
Generator
Commissioning
Engineering,
2
2x130T/h
Design, Equipment
Sheyang
Supply, Erection
Biomass
Work,
EPC
Boilers+2x24MW
Power Plant
Steam Turbine
Contractor
Generator
Commissioning
Engineering,
3
1x130T/h
Design, Equipment
Chengan
Supply, Erection
Biomass
Work,
Boilers+1x24MW
EPC
Steam Turbine
Contractor
Power Plant
Generator
Commissioning
Engineering,
Design, Equipment
4
Supply, Erection
Waste Gas
Work,
Generation
Commissioning
Power Plant
Engineering,
Design, Equipment
5
Yunnan
Shaotong
Supply, Erection
Work,
Commissioning
EPC
Contractor
Guangxi
Fusui
Biogas
Power Plant
EPC
Contractor
Energy Conservation and Environmental Protection t--11
saa,ao
Power Project
Weixian Biomass Power Plant
2x130T/h Boilers+2x24MW Steam Turbine Generator
Energy Conservation and Environmental Protection
Power Project
saacao
Sheyang Biomass Power Plant
Energy Conservation and Environmental Protection t --MAN
saa=aw
Power Project
ChengAn Biomass Power Plant
lx130T/h Boilers+1x24MW Steam Turbine Generator
t --1111Alfr
Sad
)3Z•IL/ Corporate Culture
Vision
Mission
Goa!
We will forge a platform in which career success can be
achieved by our employees, innovate business to add
more value to our customers, make every effort to
maximize the value of enterprise, and try to become an
international competitive and respectful corporation.
et, VAIt ANN.*
AH11511
illt4finit-451W1.1frt
Better Power Solutions, Better Services!
Mitt.**1041*MBIi*
+AV.**,t-fltli
To take the lead in China both in the technology and
product of Diesel Engines and Power System.
friMPOiltkAtitilikittgittilttOcilitM11-54
NM
IITA/Kir/Commitment
Practical and
42 realistic style of
work
PRIkffifV1Rt,
Ceaseless spirit
of renovation
401filiffi WIN*
Honest and
promise-keeping
attitude
/ifitCYtaffilia
Better Power
Solutions, Better
Services
4,1
JJ
Way of unity and
cooperation
iliflittb/nOtta
Rigorous
professional
performance
Cfi
V131`.10
Fatima Energy
Limit
ed
EXTRACT OF MINUTES OF MEETING OF THE BOARD OF DIRECTORS OF FATIMA
ENERGY LIMITED HELD ON JANUARY 18, 2013
Resolved that each of Mr Fawad Ahmed Mukhtar and Mr Fazal Ahmed Sheikh have jointly and
severally been duly authorized to
1. File (i) the Application for Generation License; (ii) the Tariff Petition, and (iii) any documents
in support thereof and/or to make any oral/written representations on behalf of Fatima
Energy Limited, before the National Electric Power Regulatory Authority in relation to 120
MW co-generation power project of Fatima Energy Limited intended to be situated at the site
of Fatima Sugar Mills Limited, Sanawan, Tehsil Kot Adu, District Muzaffargarh, Punjab,
Pakistan, and
2. To undertake any matter(s) necessary or incidental thereto.
41111 CERTIFIED TRUE COPY
I hereby certify that the above resolution was duly passed at the meeting of the Board of
Directors of the Company held on January 18, 2013
COMPANY SECRE ARY4tr:A
Plant Site: Fazal Garh, Sanawan, Kot Addu, Dist. Muzaffargarh PABX. +92 66 2250514-5, Fax. +92 66 2250512
Head Office E-110, Khayaban-e-Jinnah, Lahore Gantt., PABX. +92 42 111-FATIMA (111-328-462), Fax. +92 42 36621389, Web• www.fatima-group corn
r
0 & NI SOLUTIONS
Ifte;irated 10.4,4emenlSvmem
TABLE OF CONTENTS
GENERAL
2
2.0 SCOPE OF WORK
3
3.0 EXTENT OF WORK
5
1.0
3.1
MOBILIZATION PERIOD
5
3.2
OPERATING PERIOD
6
3.3
THE OWNER'S OBLIGATIONS
9
4.0 TERMS OF THE AGREEMENT
10
4.1
MINIMUM ANNUAL COMMERCIAL AVAILABILITY
10
4.2
TERMINATION OF CONTRACT
11
4.3
EVENTS OF DEFAULT
11
4.4
FORCE MAJEURE
11
5.0
OTHER TERMS & CONDITIONS
12
6.0
EXPIRY OF O&M PERIOD
12
7.0
VALIDITY OF PROPOSAL
12
8.0
COMMERCIAL PROPOSAL
13
8.1
13
FEES
13
8.1.1 Mobilization Fee
•
8.1.2 Fixed Monthly Fee
13
8.1.3 Variable Fee
13
8.2
PRICE ESCALATION
14
8.3
PAYMENT PROCEDURES & SECURITY
14
ANNEXURE-A (PROPOSED ORGANIZATION STRUCTURE)
Operation & Maintenance (O&M) Proposal
Page 1
of 15
15
) 0 & Ni SOLUTIONS
OMS
IflewatalM,Nigw,w,m4,dom
1.0 GENERAL
O&M Solutions is pleased to presents this proposal to Fatima Energy (Pvt)
Ltd. to provide Operation & Maintenance (O&M) Services for the
proposed 100 MW Bagasse & Coal Fired Cogeneration Plant adjacent
to Sugar Mills Ltd. in the Kot-addu District , Punjab, Pakistan.
This Power Plant is intended to ensure cheap, reliable and uninterrupted
power & steam supply for the Sugar Mills. However, surplus power shall
be added into national grid. The plant will operate proximately for a
certain period of days on bagasse during the cane crushing season of
the sugar plant. The plant shall also operate during the off-season for a
certain period days approximately on reserved Bagasse and Imported
Coal.
At the award of contract O&M Contractor shall mobilize, operate, and
maintain the power plant for the period of (07) years.
Operation and maintenance of the power plant shall be carried out
in accordance with the prudent Cogeneration plant practices. This
obligation comprises:
Arrangement of a complete and competent operation and
■
maintenance staff and the supervision and management
hereof.
•
Execution of all necessary day to day services and
■
maintenance as well as major overhauls in accordance with
original equipment manufacturer's instructions.
■
Page 2 of 15
0 & Vl SOLUTIONS
•
tegrata Mansgemeri Sy,ern
2.0 SCOPE OF WORK
The operation and maintenance scope should essentially comprise all
materials, plant & equipment and services required to make the plant
operationally safe, and environmentally compatible. The arrangement
shall be completed in all respects depending upon the selected
technology.
Scope of work include, but not limited to, following O&M activities:
•
i.
Bagasse handling system and manual reclamation
ii.
Coal receiving, handling (manual reclamation) and
management of coal storage yard and coal conveying system.
iii.
Raw water system, water treatment system, cooling water
system, waste water treatment and disposal systems.
iv.
Ash handling system and disposal arrangements.
v.
Power Island comprising of Boilers, Steam Turbines, Generators,
Condenser, Transformers, heaters, deaerator, piping, cables,
pumps, etc.
vi.
Steam supply, power supply and condensate system
connected to the sugar mills.
vii.
HV, MV and LV electrical systems including 132kV switch yard
viii.
Electrical protection systems and Metering Systems.
ix.
HSE as per applicable standards and best industry practices
x.
Management of Security of plant and colony.
xi.
Fire alarm and protection system.
xii.
Identification and management of plant safety, efficiency,
reliability and security improvement projects.
xiii.
Procurement assistance and warehouse management for spare
parts, consumables, fuel, etc.
Page 3 of 15
0 & SOLUTIONS
1,1
air%
Ir•leglatdd MalugemenlSygerri
xiv.
Coordination with WAPDA/NTDC regarding O&M of the plant as
per PPA provisions.
xv.
Planning, management and execution of outages (forced and
scheduled).
xvi.
Management of Statutory, insurance and lenders requirements
related to O&M of the plant.
xvii.
Workshop operations.
xviii.
Data collection and record keeping.
xix.
General maintenance of infrastructure within power plant like
buildings, roads, etc.
xx.
Green areas.
Page 4 of 15
0 & M soLurioNs
V
kAS
'DM
if 1,44.tot1 tria ■
lagerxrq S
3.0 EXTENT OF WORK
The O&M period shall start and the O&M Operator shall take over the
operation of the power plant upon the following conditions:
■
The mobilization fee has been paid prior to the start of the
mobilization.
■
The plant has been fully tested and commissioned by the EPC
Contractor and is able for unlimited operation.
•
The necessary permits for commercial operations have been
granted, including applicable environmental permits, if any.
•
All relevant insurance policies have been established and
accepted by the O&M Operator.
A "Start of O&M Period Certificate" shall be signed by both parties
and include possible comments by the parties to the present state,
inventory, etc. of the power plant.
The mobilization will commence at least 6 months prior to the startup of the O&M period.
In performing the O&M Services hereunder, the O&M Contractor
shall under the direction of the Owner as to the objective to be
obtained but shall be free to exercise its discretion as to the
methods and means of its performance of the Services.
3.1
Mobilization Period
Mobilization Period shall commence at least 6-months prior to the
COD for training and familiarization of the operators. The
organization will be in accordance with the organization diagram
attached as Annexure-A to the proposal. During this period
Operator shall only claim the lump sum fee per month which shall
cover the salaries, transportation, site office, hiring, food expenses
and fixed fee. Following are the obligations of the operator during
the mobilization phase:
Page 5 of 15
A
) 0 & NI SOLUTIONS
Iewatol 141,agernorll Sy,tirn
Number
3.2
Description
3.1.1
Designate the Operator's Representative with signatory authority, no
later than Seven (07) days after the Notice to Proceed.
3.1.2
Rationalization of miscellaneous plant teams as per proposed
structure within 3 months period, after the Notice to Proceed, with
help of Owner.
3.1.3
Critical/ Strategic parts inventory rationalization.
3.1.4
Audit/Purchase goods and services (e.g. safety gears, consumables
and operator tools) in accordance with the O&M Agreement and as
required in order to ensure safe and reliable operations of the
Facility during the term of the O&M Agreement
3.1.5
New hiring of job qualified persons if required.
3.1.6
Review of Permits and Consents.
3.1.7
Review of Plant Operational Procedures and best practices.
3.1.8
Preliminary briefing and introduction of the contact person (s) to NTDC
with help and consent of Owner in order to reduce the
communication gap, if any.
3.1.9
Prepare, and submit to Owner for its review and approval, the initial
Annual Operating Plan for the Operating Period no later than thirty
(30) days after the Notice to Proceed.
Operating Period
Following are the obligations of the operator during the Operating
Period:
Number
3.2.1
3.2.2
Description
Provide Operations and Maintenance services for the Facility,
including associated and appurtenant mechanical and electrical
auxiliaries and water treatment equipment, as necessary to perform
the Work and to operate and maintain the Facility in accordance
with Prudent Utility Practice, applicable Governmental Rules, OEM
manuals/instructions and other manufacturers' guidelines.
On an annual basis coordinate in advance with Owner Facility
outages and power deliveries to the electrical system, all in
accordance with Annual Operating Plan and other regular
maintenance programs.
Page 6 of 15
0 & SOLUTIONS
gEl
Jr tejtated Slatmeettneet System
Number
3.2.3
3.2.4
3.2.5
3.2.6
Description
Prepare, and submit to Owner for its approval no later than
forty five (45) days before the commencement of the Year, the
Annual Operating Plan for the Facility for the following Year.
Owner shall have a period of thirty (30) days from the day of
Operator submittal to furnish comments or approve the Annual
Operating Plan. If no input from Owner is obtained within the thirty
(30) days, such Annual Operating Plan shall be deemed accepted
by Owner.
Maintain at the Facility accurate and up-to-date operating logs,
records, daily, weekly, monthly and annual reports regarding the
operation and maintenance of the Facility. All such records to be
maintained for the duration of the O&M Agreement.
Perform periodic overhauls and maintenance required for the Facility
in accordance with OEM manuals. Operator shall furnish Owner
with reasonable advance notice of any change in the annual
maintenance which is reasonably expected to affect the availability
of the Facility.
Implement an equipment repair and preventive maintenance
program that meets the specifications of the OEM.
3.2.7
Provide reasonable technical engineering support for solving
operation and maintenance problems for the Facility.
3.2.8
Perform the management services required to procure spare parts,
overhaul parts, tools, equipment, and supplies required to operate
and maintain the Facility in accordance with the recommendations
of the OEM.
3.2.9
Recommend Facility modifications, capital repairs, replacements and
improvements and, at Owners written direction, implement the same
as an Extraordinary Expense.
3.2.10
Maintain accounting records regarding the O&M in accordance with
generally acceptable accounting principles.
3.2.11
Reasonably assist Owner in the enforcement of contractor,
subcontractor and vendor warranties and guarantees, if any.
3.2.12
Forecast fuel requirements and schedule deliveries of such fuel(s) for
the Facility and monitor the sufficiency in terms of quantity and
quality. Operator shall not be responsible for any costs, damages and
expenses resulting directly from fuel(s) which are not in accordance
with approved specifications as per the O&M Agreement and
Prudent Utility Practice.
Pay income tax imposed on Operator's personnel and business profit
tax imposed on Operator's income.
Schedule, hire and supervise subcontractors as may be required for
the performance of Work.
Operator shall update the operations and maintenance manual as
appropriate.
3.2.13
3.2.14
3.2.15
Page 7 of 15
) 0 & NI SOLUTIONS
OM$
1/.1014 d 1,1•doemer,S1M.1
Number
3.2.16
3.2.17
3.2.18
3.2.19
3.2.20
3.2.21
3.2.22
3.2..23
3.2.24
3.2.25
3.2.26
3.2.27
3.2.28
3.2.29
3.2.30
Description
Operator shall Prepare and submit Daily, Monthly and Weekly reports
for Plant.
Maintain Facility tool room equipment and instruments.
Maintain Facility fire protection and safety equipment.
When forced and unforeseen outages occur, Operator shall notify
Owner of the existence, nature, and to the extent possible, expected
duration of the such outage as soon as practical. Operator shall
inform Owner of changes in the expected duration of such outage
Operator shall maintain an accurate and up-to-date operating log at
the Facility with records of real and reactive power production for
each clock hour; changes in operating status; scheduled outage and
forced outages; and number of start-ups.
Obtain in timely fashion and maintain in effect all governmental
permits, licenses and approvals required to be held by Operator and
its employees in order to perform its Work under the O&M Agreement.
Maintain good communications and relations with the community
and Governmental Authorities.
Provide lubricating oils and greases provided Owner has already
engaged a long term service/supply agreement with some Party who
could provide such greases and lubricants as per OEM
recommendations.
Prepare and submit the annual CAPEX improvement and associated
saving proposal to owner for approval. However CAPEX cost shall be
borne by the OWNER and associated savings shall be shared on
mutual agreement.
Operator shall have the full access to workshop, related tools and
equipment which are currently being used. However for any special
tool or crane the Operator may back charge such costs to Owner.
Operator shall have complete access to the MMS and have right to
procure the materials required for the O&M. In addition to that
Operator shall be responsible for replenishing those parts which would
be available in the warehouse at the time of Notice to Proceed.
However for additional or new spares either operator shall procure
and back charge or the Owner shall arrange such part (s).
Operator shall accrue the Major Overhaul amount on best of his
knowledge basis however if after opening the turbine(s) some
surprises come or OEM recommends then that cost shall be borne by
the Owner.
Run Facility as per PPA and FSA requirements as applicable to this
O&M Agreement.
Operator is responsible to maintain the landscaping and upkeep of
the grounds (driveways, parking lots, fences, etc.) as provided by the
Owner.
Operator shall be responsible for building and roads maintenance,
Painting and Flooring during whole term of the Contract.
Page 8 of 15
) 0 & NI SOLUTIONS
CAM
Ir towat.d Managefnem Sys,er,
3.3 Minimum Owner's Obligations
A precondition to the obligations of the O&M is that the Owner will
provide the following (costs related hereto to be borne by the
Owner):
3.3.1
3.3.2
3.3.3
3.3.4
3.3.5
3.3.6
3.3.7
3.3.8
3.3.9
3.3.10
3.3.11
3.3.12
3.3.13
Designate Owner's Representative with signatory authority, no later
than seven (07) days after the Notice to proceed.
Make payment to the Operator as agreed in O&M Agreement in
the account specified thereto.
Provide adequate and safe access to Facility.
Provide drawings, specifications, diagrams and other
information regarding the Project that is required for the
operation and maintenance of the Facility including those
furnished to Owner by construction contractors.
Obtain and maintain in effect all government licenses, permits and
approvals necessary to operate and maintain the Facility as
required by Governmental Rules and Governmental Authorities,
other than such licenses, permits and approvals as the Operator is
obliged to obtain and maintain in accordance with Part A and B.
Pay all taxes and lease expenses incurred related to the
Plant, including, without limitation, withholding, national and
regional, sales, use, stamp, gross receipt, fuel and value added
taxes, as well as import and customs duties, if any, and port lease
expenses.
Ensure the minimum quality/quantity of fuel, Baggase/Coal, as per
EPC designed requirement.
Provide and maintain in force throughout the term of the O&M
Agreement all insurance policies required by the Owner (including
but not limited to All Risk Property insurance, Boiler and Machinery
Breakdown insurance as well as insurance for Business Interruption
and/or Loss of Profit).
Arrange labor and consumables for any Warranty Claim
maintenance. After Warranty Claim Operator shall arrange the
labor and consumables.
Provide Operator open and safe access to workshop, related
tools and equipment, and warehouse.
Provide Operator with lifting devices and special tools as supplied
under the Supply Contract for the Major Equipments.
Owner shall provide family accommodation for Operator staff
according to the agreed organogram, however responsibility of
maintenance for entire colony will reside with Operator.
Owner shall provide adequate vehicles, mobile crane, dumper,
loader, electrical boom gantry. However Operator shall maintain
Page 9 of 15
0 & M SOLU1'10tis
V
ItkAS
It teetered Kosice:mem System
3.3.14
3.3.15
3.3.16
3.3.17
3.3.18
3.3.19
3.3.20
3.3.21
3.3.22
3.3.23
all these equipments. However for any specific job if mobile crane
would be needed it's rental cost shall be borne by the Owner.
Owner shall provide proper security for the Facility Site and to the
Operator in order for Operator to conduct the Work in
accordance with this Agreement. Owner shall hold harmless and
indemnify Operator for all claims, losses and damages resulting
from Owner's failure to provide proper security.
Owner to provide fixed telephone lines and broad band internet
connections to Operator. Operator shall pay for the use of such
telephone lines and internet connections.
Owner shall take appropriate actions at its own expense for
the removal, remediation, and avoidance of any hazardous
material, sludge and ash disposal . However, Operator is
responsible to collect such hazardous material, sludge and ash in
suitable containers or area within the Facility.
Arrange for custom clearance and local transportation of all of the
imported equipment, spare parts, materials or supplies for the
Facility.
Owner shall provide strategic and safety spares required for the
reliability and availability of the Plant. Operator shall assist in
preparing lists for such spares and later on Operator shall replenish
these spares provided these may not be used under Warranty
Period.
Owner shall provide all spare parts, consumables, chemicals, filters
and fuels during mobilization phase thru EPC Contractor.
Owner shall provide proper storage facility for the spare parts
during whole term of the Contract.
Owner shall also be responsible to provide sufficient quantity of
chemicals related to the process during whole term of the
contract.
All sorts of invoicing and financial matters dealing with Power
Purchaser or Institutions shall be done by the Owner however
Operator may provide support, if required.
Long Term Service Agreement (LISA) with steam turbine
manufacturer and all associated costs of spares and labor.
4.1
Minimum Annual Commercial Availability
The Contractor shall be responsible to ensure the Annual
Availability of the plant according to the agreed PPA over
the term of the contract.
Other Guarantee parameters are in accordance with
performa-8 f the RFP, which are subject to the results proved
by EPC.
Page 10 of 15
0 & IVI SOLUTIONS
ti lt A
Irtewwt. Maqapetn,n1SyVom
4.2
Termination of Contract
The right to terminate may only be exercised in writing, by
either party, and the contract shall stand terminated within 90
days of such notification. If a party elects not to exercise such
right, it shall be deemed waived.
Termination Buy Out Mechanism shall be devised at the time
of finalization of O&M Agreement.
4.3 Events of Default
Either Party (the "Non-Defaulting Party") may terminate this
Agreement for default if the other Party (the "Defaulting
Party") (i) becomes Insolvent or (ii) the Defaulting Party
commits a material breach of this Agreement and fails to
cure the breach within thirty (30) days of notice from the NonDefaulting Party, or if it is not possible to cure such breach
within thirty (30) days of such notice, fails to commence to
cure the breach and diligently proceed with the cure to
complete as soon as reasonably possible. For avoidance of
doubt, it is agreed that (a) non-payment of undisputed
amounts by either party owed to the other for a period of 30
days after such payment is due, and (b) abandonment of the
Facility, or failure to operate the plant for any reason other
than Force Majeure or planned/forced shutdowns shall be
considered to be material breaches.
4.4 Force Majeure
Neither Owner nor Contractor shall have any liability or be
considered to be in breach or default of its obligations under
this Agreement to the extent that performance of such
obligations is delayed or prevented, directly or indirectly, due
to: (i) any damage, failure, breakdown or physical
inoperability of the power station; (ii) act of government, war,
strike, damage, failure, breakdown or physical inoperability of
the transmission system, preventing the Operator from
generating and transporting electricity to the electricity
distribution system; (iii) any other cause or matter beyond the
control of the Operator concerned.
Page 11 of 15
0 & M soLtmoNs
OR+
it tevozed MaNsigerncnt System
5.0 OTHER TERMS & CONDITIONS
Following terms and conditions shall be mutually agreed at the time
of finalization of O&M Agreement
•
Limitation of LDs (Since LDs have not been provided with RFP, So
LDs impact has not been considered in proposal)
■
Maximum Aggregate Limits
■
Impact of PPA and BESPA have not been accounted for
however these could be considered once these contracts shall
be signed with respective parties.
■
Defect Liability/Breakdowns Limits
We are confident that we together can find a mutually acceptable
solution to the benefit of both Parties and we look forward to
meeting you, at your earliest convenience, to further discuss the
proposal. In the meanwhile and until we meet, should you require
any further information and details, feel free to contact us at any
time.
6.0 EXPIRY OF O&M PERIOD
The O&M period expires on the date 07 years after the date
of signing the certificate of "Start of O&M Period".
On the expiry date, a "Completion Certificate" shall be signed by
both parties mentioning that the O&M Operator has completed his
O&M services and including possible comments by the parties on
the present state, inventory etc. of the power plant.
7.0 VALIDITY OF PROPOSAL
The proposal is valid for 180 days after the date of submission of this
proposal unless prolonged by us in writing.
Page 12 of 15
0 & M SOLUTIONS
ISM
ktetatedM,aw,mSy,lem
8.0 COMMERCIAL PROPOSAL
8.1
FEES
The O&M Operator shall be entitled to invoice and be paid by the
Owner the below mentioned fees.
• Mobilization Fee
• Fixed Monthly Fee
■
Variable Fee
Payment shall be made to the O&M Operator's account as
specified by him.
8.1.1 M
I
ee
COD. During this period Operator shall only claim the lump sum fee
per month which shall cover the salaries, transportation, site office,
hiring, food expenses and fixed fee.
The mobilization fee shall be paid prior to the start of the
mobilization period, as the sum of the following firm and fixed
amount in US$ i.e. 200,000/Month.
IS.1.2 Fixed !`0 ,;.)citlily Fee
Fixed monthly fee covers all the fixed costs under the O&M contract.
This fee is independent of the production and will be invoiced and
paid monthly as the sum of US$ 275,000/Month.
Variable fee covers all necessary spare parts, consumables and
manpower for maintenance.
The variable fee will be invoiced and paid monthly, based on
monthly meter readings at the high-voltage side of the step-up
transformer as the sum of the following firm and fixed amounts in Rs
i.e. 0.1482 Rs/KWh.
Page 13 of 15
O & M SOLUTIONS
•
Irle,aIetl Koagerno‘l SiMorn
This figure worked out at 86% plant factor.
Note:
•
Since most of the commercial contracts and project details are
unknown so all those recurring costs, fixed and variable costs
could be changed accordingly.
■
The fees of this proposal are calculated on tax-free basis for
goods, materials, liquids, equipment, and services etc. required
for the O&M contract.
EPC, PPA, Tariff determination and IA negotiations are yet to be
finalized, therefore, either parties has the right to adjust their
proposals, technically and materially, on the basis of finalized
EPC and PPA.
•
Some of the costs may be adjusted on final selection of OEMs
and Owner shall share the price of spares with the Operator.
■
All applicable taxes are pass-through as per RFP.
8.2 PRICE ESCALATION
Escalation in O&M Fee shall be made as 60% on USCPI & Fx and 40%
WPI based with PPA rate shall be taken as the reference rate.
8.3
Payment Procedures & Security
This shall be mutually agreed between the Parties at the time of
signing the O&M Agreement.
Page 14 of 15
OM ) 0 & INI SOLUTIONS
Ir te,rated ht,dgetnerst So;orn
ANNEXURE-A (Proposed Organization Structure)
Director Project
Stationed at Head Office
Plant Manager (1)
on-site staff
Accountant (2)
HSE Coordinator (1)
Store Keeper (3)
Other Staff (3)
-.Manager Operations,(1)
Team Leader(1)
Team Leader (1)
Shift Incharge (4)
Mechanical Technician (4)
Boiler Operator (8)
Electrical Technician (4)
Turbine Operator (8)
Instrument Technician (2)
Control Rom Operator (4)
Contract Labor,
(for Bagassettoal Handling)
Utility Operator (8)
—1
Chemist (4)
Page 15 of 15
C F INGENIERIE
FEL - 2x60 MWe Bagasse/Coal Cogeneration Plant - Technical Abstract
MIMI AIM
=II / /
E-110, Khayaban-e-Jinnah
LAHORE CANTT
PAKISTAN
Fatima Group
I 2 x 60 MWe COAL/BAGASSE
COGENERATION PLANT
IN SANAWAN (PAKISTAN)
Technical Abstract
Revision A
January 2013
CdF INGENIERIE
2, rue de Metz
B.P. 40142
57804 FREYMING-MERLEBACH cedex
Phone. +333 87 81 15 67 - Fax +333 87 04 52 85
[email protected]
www.cdfingeniene.fr
C F INGENIERIE
C
F INGENIERIE
FEL — 2x60 MWe Bagasse/Coal Cogeneration Plant — Technical Abstract
SUMMARY
•
BACKGROUND (GENERALITIES)
3
2
CONTRACT
4
3
GLOBAL DATA
6
3.1
Bagasse characteristics
6
3.2
Coal characteristics
6
3.3
Sugar Mill requirements
7
4
TECHNICAL CHOICES.
8
4.1
Preamble
8
4.2
Generalities
8
4.3
Boiler
9
4.4
Steam turbine
10
5
AWAITED POWER PRODUCTION
11
6
TINE SCHEDULE
12
Revision A
2/12
C F INGENIERI E
1
Fatima Energy Limited (FEL) is a subsidiary of the Fatima Group, located in
Pakistan. FEL is planning the implementation of a 2 x 60 MWe coal/bagasse Power
Plant in their Sugar Mill of Sanawan, Tehsil Kot Adu, District Muzaffar Garh in the
Province of Punjab.
tee: a isrna
Kha0
Kandahar
0
•
Guiranwala
Faisalabad
0
O
9Kasul
jhihangSadar Okata
sha.x.,,c, Kama is
O 9
Khanewal Sahara)
Dora Gha
Khan
Quetta
O
0 4\ 0Amr
Lahore
Multan
Pakistan
Pun
3a-gt;nagar
OBahawalpur
Sugar Mill
Ahmadpu
s.asT
Kha-pur0
Jade tabad
O
O Rahrmyar
_ Khan
Stukarpurp Sad duanad
Q Sukkur
Mane?
O
Sikar
O
O
Lackana
JasalmeO
Nawabshah
0
'andooka-
Karactu
O
Hyderabad
*Map. Khas
Rajasthan
Jodhpur
r(
s ha rg a r^
Ajmer 0 °
0
O
Beawar
Ehrwara
O
0
CS ria-L,rga rh
O
Lidatpur
0
This Power Plant is designed to feed the Sugar Mill in steam and to produce
electricity during the crop season (November to April) in a cogeneration mode, and
only to produce electricity during the off season (May to October).
The whole quantity of electricity produced by the Power Plant will be sold on the
national Pakistanis' grid. The needed electricity for the Sugar Mills will be directly
delivered from the national grid.
The Power Plant will then operate in 2 modes:
1- Conventional Power Plant operation (off season)
- "Coal firing"
2- Cogeneration operation (crop season)
- "Coal firing"
- "Bagasse firing"
Due to the lack of electricity production means in Pakistan, the Power Plant should
operate at full load, with the minimum yearly stops (for maintenance).
Revision A
3/12
C F INGENIERI E
2
CONTRACT
Due to the specificities of the Power Plant, Fatima Energy Limited intend to contract
with a global contractor, based on an EPC (Engineering, Procurement and
Construction) contract.
FEL will be assisted by CdF INGENIERIE, a French engineering company with a wide
experience in the fields of power generation, cogeneration, co-combustion, based
on coal and biomass, including bagasse.
The EPC contract will include in particular the following items:
Spreader Stoker boiler and auxiliaries:
■
Boiler which can burn either biomass or coal,
Flue gas de-dusting and treatment equipment,
Bottom ash and fly ash removal equipment.
•
Power generating equipment:
Turbo-generator equipped with condenser. The turbine will include LP steam
extraction to supply the Sugar Mill and the Power Plant auxiliary facilities
(thermal de-aerator and feed water heater),
Steam system indented for vacuum generation within the condenser.
Feed water tank including in particular:
■
Make-up water filtration station,
Make-up water demineralization station equipped with demineralised water
tank,
Collector for LP steam condensates from the exchanger Power Plant/Sugar
Mill,
Feed water tank with thermal de-aerator,
Feed water pumps.
•
Air cooling system,
Bagasse delivery and storage equipment together with bagasse feed line into
■
the boiler,
Coal delivery and storage equipment (if necessary coal preparation plant)
■
together with coal feed line into the boiler,
Evacuation system for combustion wastes,
■
•
Stack,
Power Plant electrical rooms and control room,
■
Electrical exchange switch bay in the national grid switchyard,
■
Auxiliary premises : offices - locker rooms
■
■
Civil works.
Revision A
4/12
C F INGENIERI E
Generally speaking, the whole installation will be at least in accordance to the
World Bank standards and the Pakistan revised National Environmental Quality
Standards (NEQS). The emissions limits are as follows:
Emission limits (dry at 6% 02)
NOx
SO2
Dust
CO
s
1,200
1,500
50
800
mg/Nm3
mg/Nm3
mg/Nm3
mg/Nm3
Taking into account of the technology of the boiler and the use of international
coal, bagasse and cotton sticks, these limit values of emissions should be reached
without Flue Gas Treatment (FGT) systems. This will have to be confirmed in the
technical specifications set up. Nevertheless, the use of local coal might lead to the
need of a FGT.
i•
Revision A
5/12
C F INGENIER IE
FEL - 2x60 MWe Bagasse/Coal Cogeneration Plant — Technical Abstract
3
GLOBAL DATA
3.1
BAGASSE CHARACTERISTICS
During crop season, the Power Plant will be fed by the bagasse coming from the
nearby Sugar Mill. The design annual amount of bagasse is 306 000 tons per year
(i.e. 30% of 1 020 000 tons of cane cropped per year). So the Power Plant can be
maintained to its nominal working point with 106 t/h of bagasse during the
120 days of the crop season. With such bagasse flow, only one boiler can run on
bagasse mode. Thus coal will be also used during the crop season in the second
boiler.
If the bagasse is stored a long time, it will self-ferment. So the use of the bagasse
must be as quick as possible after production. In that way, bagasse will be used at
an optimal boiler consumption capacity.
The bagasse has the following characteristics:
Bagasse
LHV
Moisture
Ash
Volatile
matters
Sulphur
Bulk density
3.2
6.8 - 8MJ/kg
46 - 53%
0 - 3.5%
31 - 48%
0 - 0.085%
100 - 170 kg/m3
COAL CHARACTERISTICS
The Power Plant will be fed by international coal or local coal. For the design of the
Power Plant, it has been considered that the main coal will be supplied from
international bituminous coal.
The basic characteristics of international coal are the following:
South-African Coal
LHV
23 - 29 MJ/kg
Moisture
Ash
Volatile
matters
7 - 15%
4 - 16%
Sulphur
23 - 35%
0 - 0.6%
In any case the Power Plant must be conceived to widely open the ranges of coal
that could be used with the installed equipments.
Revision A
6/ 1 2
C F INGENIERI E
It is assumed that the ranges of some characteristics must be clearly defined. For
example:
■
LHV,
Swelling index,
■
Ash content,
■
■
Volatile matters,
■
Size (grindability).
3.3
SUGAR MILL REQUIREMENTS
During the crop season, the nominal Sugar Mill needs are the following:
Process steam: 210 t/h ± 10% - 2.6 bars (abs) - 135 °C (from controlled
■
extraction on the steam turbine),
•
It is considered that above 80% of all steam received by the Sugar Mill will be
returned (condensates) at 90 °C to the Power Plant (during crop season).
During the off season, all the steam from the turbine will go to the condenser.
There will be no extraction for the Sugar Mill.
Revision A
7/12
C F INGENIERI E
4
TECHNICAL CHOICES
4.1
PREAMBLE
The following choices are made regarding the efficiency, cost-effectiveness and
already made similar projects. Nevertheless, the EPC contractor should propose
another technology or other changes to be studied.
4.2
GENERALITIES
The Power Plant will be two 60 MWe (gross) units; the current Sugar Mill Power
l iTg--crop--srn-o-n in case of breakdown of the new
Plant will be kept in stanwscri
Power Plant. It is underlined that the nominal capacity of 120 MWe is based on the
conventional mode and without steam sent to the Sugar Mill (off season).
The steam conditions at the outlet of the boiler are 90 bar a / 540°C.
The proposed water/steam cycle is as follow.
WATER / STEAM
CYCLE
- one controlled extraction for Sugar Mill needs, fnst air heater and deareator
- one bleed for condesates heater
- second air heater uses hot water from outlet of the economizer, in bagasse mode only
Revision A
8/1 2
•
C F INGENIERIE
4.3
FEL —x60)V1We Bagasse/Coal Cogeneration Plant — Technical Abstract
BOILER
The boiler considered is a Spreader-Stoker boiler.
In theory coal and bagasse can be burnt at the same time in the spreader stocker
boiler. The heat input of the lesser fuel is limited to 20% of the total heat input in
order to avoid fouling problems. The 2 solutions are the following:
Coal: 0 to 20%, Bagasse: 80 to 100%
However, from our experience, we do not recommend the use of mixed firing. We
recommend the use of 100% bagasse firing and to alternate with 100% coal firing
when needed i.e. to enhance the electricity production or in case of lack of
bagasse. The global yearly consumption of bagasse and coal will remain the same.
It is remembered that 6 similar boilers are in operation in Reunion Island (France)
and in Guadeloupe Island (France). CdF INGENIERIE has realized the whole
engineering services for these projects.
B
f
ilh rkl I
,,••••••■
imem.r.e.,or.I.T,,,
•••,,,
... ••••^,-...r.,••••••,
G/MEMEN.
TX/MTV
UR
r:
.....•••••■
—•••
_0
.
.
.
.._._._._.__.
.
.
.
.
.
.
.._
._._....
.
....,.._
..
....
.
______--....._
........
-.---.
..
113
r11~11.(161r1•117111.Taall•MY-S.."..IF .41:1~.10111L,11.41114TIIMSAMIP
F
A - Spreader
B - Secondary air
C -'`toile shelf
D - Primary air
E - Irrection of recycled part:cules
F - Clinker outlet
General Scheme of spreader stoker boiler running with coal*
* For boiler running with either coal or bagasse, the bagasse spreader is situated above the coal
one.
Revision A
9/12
C F INGENIERI E
Detail boiler design:
Superheater (2 or 3 crossflows sections),
■
Mechanical dedusting device,
■
• No flue/air heater,
Economizer (bare/H finned tube).
■
4.4
STEAM TURBINE
The turbine will be a single shaft, and is foreseen to have one controlled extraction
and one bleed.
s
Revision A
1 0/ 1 2
C F INGENIERI E
5
EXPECTED POWER PRODUCTION
Hereafter is indicated the awaited power production per unit, in 2 modes:
Conventional Power Plant mode (off season)
■
✓ "Coal firing"
Cogeneration mode (crop season)
■
✓ "Coal firing"
✓ "Bagasse firing"
LVC of the fuel
Boiler steam production*
Boiler efficiency
Coal consumption*
Steam for FSM*
Power produced (gross)*
Units
Off Season (conventional mode)
MJ/kg
t/h
Coal : 24.715
200
89.2
26.2
0
60
%
t/h
t/h
Mwe
* per unit
Units
LVC of the fuel
Boiler efficiency
Fuel consumption*
Steam for FSM*
MJ/kg
t/h
%
t/h
t/h
Mwe _
Crop Season (cogenaration mode)
Bagasse : 7.317
220
84.4
94.2
105
50.8
* per unit
These results are indicative and have to be confirmed by the EPC Contractor.
Revision A
1 1 /1 2
C F INGENIERIE
6
TIME SCHEDULE
Hereafter is shown an expected time schedule for such a project. It is based on the previous
experiences of CdF INGENIERIE and the known availability for manufacturers.
COAL BAGASSE FIRED COGENERATION PLANT (INDICATIVE SCHEDULE)
Sr #
1
•
2
3
4
1
'Basic Design, lay out and technical
specifications of the Power PlantScheduled Acceptance Date (90 Days
from Effective Date)
Issuing call to tenders for EPC
Clanfication to bidders during bidding
Bidders proposal evaluation
EPC contract negotation
Signature of EPC contract
Year 02
Year 01
I
1 Activity Description/Scheduled from
Effective Date
1
2
3
4
51 61 7
,
9 10 11 12 13' 14115"
1 1617 18 19 20 21 22 23 24,25,26 27128 29 301 31132 33 34 35, 36
,
,
,
,
,
1
1
1
I
,
1
8
,
1
t
V
,
1
Year 03
I
1
,
[
,
1
I
1
1
1
V
5
6
,EPC contractors preliminary & detail
'design review - commencement subject
to effectiveness of the EPC CONTRACT
and time to commence on the date of
;effectiveness of EPC Contract
Erection supervision - commencement
,subject to effectiveness of the EPC
;CONTRACT
,
,
1
4
;
1
7
Assistance for tnal run, commissioning &
acceptance of the work commencement subject to effectiveness
of EPC Contract
.
1
,
1
,
Commissioning of power plant - subject'
to effectiveness of EPC Contract
8
Final Design Review (As Built Drawings) ,commencement subject to effectiveness
of EPC Contract
1
1
,
1
,
V
1
1
1
•
1
,
,
This indicative time schedule for positions 5 to 8 must be detailed in full accordance with
manufacturers, giving in mind that FEL's will is to shorten the global realization as much as
possible.
Revision A
1 2/ 1 2
Limited
MI/ la
MIMI
I WI
Fatima Group
Fatima Energy
GU&
J
_-
m br
120 MW BIOMASS / COAL
COGENERATION POWER PROJECT
Fatima Group of Companies
E -110, Khayaban - e -Jinnah,
Lahore Cantt.
INFORMATION MEMORANDUM j 2013
Energy Crisis - Current Scenario:
Demand has outstripped supply of electricity and the
country is presently facing power shortages of
approximately 5,000 MW during peak demand time.
The present electricity demand-supply gap, coupled
12000
10000
ai Installed
Capacity
2008-09
8000
6000
with consistent growth in demand, clearly indicates
the fundamental need and market for enhancing the
4000
country's current power generation capability.
2000
Realizing the gravity of the situation, the government
has taken proactive actions to encourage private
sector investment in power generation. The upcoming
0
Installed
■
Capacity
2009-10
c,
e
A4v-
e
\4\)'
Fatima Energy Bagasse/Coal based Power Project is
part of these initiatives.
Source Hydrocarbon Development Institute of Pakistan & PEPCO
About the Company/Sponsors
Fatima Energy Limited "FEL" was incorporated in 2004 with an objective to build and operate a
bagasse/coal based power plant for generation, distribution, sale and supply of electricity to
National Transmission and Dispatch Company (NTDC).
The main sponsor of the company is Fatima Sugar Mills Limited one of the subsidiaries of
Fatima Group established in 1936 with a success story spread over seven decades, expanding
its horizon from trading to manufacturing.
Today, the Group is engaged in trading of commodities, manufacturing of fertilizers, textiles,
sugar, mining and energy.
The Group has made exceptional progress in the last two decades and has diversified into
manufacturing of sugar and fertilizers.
Realizing its responsibilities as a good corporate citizen, the Group contributes substantially to
the economic development of Pakistan through taxation, exports and by with over 10,000
people associated with their business operations, in various capacities.
The diversified operations are carried out from the following Group companies:
•
2
Fatima Fertilizer Company Limited
Pakarab Fertilizers Limited
•
•
•
•
•
Reliance Weaving Mills Limited
Fazal Cloth Mills Limited
Fatima Sugar Mills Limited
Reliance Commodities (Private) Limited
•
•
•
Pakistan Mining Company Limited
Air One (Private) Limited
INFORMATION MEMORANDUM 2013
Fatima Group has acquired the capabilities of managing large industrial enterprises with a team
of professional capable of undertaking any state of the art project from the design stage,
through implementation to subsequent operation, for example:
•
Post privatization at Pakarab Fertilizers Limited improved production performance and
modernization.
•
Installed grass roots large fertilizer complex (Fatima Fertilizer Company Limited)
implemented from conceptualization, construction/erection to startup of successful
operations.
The Project — Baqasse/Coal based 120 MW Power Plant
FEL has taken up the implementation of power project which is designated to have a gross
capacity of 120 _MW electricity generated through consumption of Biomass/Coal that will be
purchased by NTDC for a period of 30 years. The plant will be located in Sanawan, Tehsil Kot
Adu, District Muzaffargarh.
FEL engaged CdF INGENIERIE to carry out feasibility study for the project which would consume
the Bagasse produced by Fatima Sugar Mills Limited "FSML" during the crop season and
imported coal during off season for generation of electricity.
FEL is planning to use technology of two Spreader Stroker Boiler Solution called 2 X SS solution
which is suitable to meet Fatima Group objectives, as the Group is planning toeic-teria its sugar
mill operations. This extension will result in increased production of bagasse over the period.
Economical highlights of the Project:
•
410
Construction period of the project will be thirty (30) months;
• Debt to equity ratio would be 75 : 25.
•
Life of the project will be 30 years; and
•
Loan repayment period Will be 10 years.
Environmental highlights of the Project:
Whole installation will be in accordance to the World Bank Standards and Pakistan
•
revised National Environmental Standards.
Noise and waste water will be taken account of during the implementation of the
•
project.
The committed timeline for Commercial Operations Date (COD) is November, 2015.
3
I Fatima Energy Limited
4
•
4,
AT
, n' 4q`4-nnin
4
v
- 4Fic$4,
4'?
MIN AM
/IV Al
IW
Our Vision & Mission
Fatima Group
Our values define who we are - Fatima Group runs its business on well-defined
goals and objectives based on its Vision and Mission statements
Our Vision
"To be a dynamic business group, building robust
businesses that excel at serving their customers and
stakeholders through exceptional products and
services in industries and markets that support
progression and economic growth at community,
society and country level"
Our Mission
"To create continuous value for our customers and
consumers, inspiring confidence and respect
through the highest levels of product quality and
service."
•
A story of Successful bus
111111111//1111
∎
4111I∎
IWWI=
1936
Fatima Group
"...With an annual turnover of USD 732 Million and over 10,000 employees/
the group holds a history of 75 years of successful business in Pakistan "
Reliance
Weaving
Mills
Limited
Fazal Cloth
Mills
Limited
Year
Established
Fatima
Sugar
Mills
Limited
Pakistan
Mining
Company
Limited
Fatima
Fertilizer
Company
Limited
Reliance
Commodities
(Pvt.) Ltd
Pakarab
Fertilizers
Limited
Fatima Fertilizer was the Best
Performing Stock on KSE in 2011.
Has a Sponsored Level 1 ADR in the
US OTC Market
Fatima
Trading
Company
Limited
Fatima
Energy
Limited
MINI//
Brief introduction to our
WI (MIS
Fatima Group
"...Fertilizer now being our core business, diversification is the key to
our success"
Fertilizer Sector Companies
Pakistan Mining
•
Annual production capacity of 1.28 Million Tons
•
Annual production capacity of 0.85 Million tons
•
Exploration & Mining of Rock Phosphate in Pakistan
•
Packing material for fertilizer companies
Other Group Companies
Reliance Commodities
diMPANI
111111/411/41111
MI WINO
Audited Group Financial
Fatima Group
2,000
to Total Assets
■
Shareholders Equity
1,500
Net Sales
II Gross
1,000
Profit
EBITDA
500
0
International Trade
Fatima Divisions
Textile
Fertilizers
Sugar
Companies
Pakarab
Fertilizers
Fatima Fertilizer
Fazal Cloth
Reliance
Weaving
Fatima Sugar
Status as at
31st Dec
2012 (Est.)
31st Dec
2012 (Est.)
30th Jun
2012
30th Jun
2012
30th Sep
2011
53,149
78,741
20,577
5,935
8,648
19,427
28,540
9,266
2,115
8,083
29,778
19,750
1,637
16,550
3,041
16,248
Total Assets
Reliance
Commodities
Total
Total
Rs
(Million)
US $
(Million)
6,298
173,348
1,769
5,957
5,078
70,383
718
8,699
5,048
362
71,720
732
2,831
914
632
88
22,652
231
3,210
846
1,178
1,710
26,233
268
30th Jun
2012
Shareholders Equity
Net Sales
Gross Profit
EBITDA
NMI all
A I AI
=NO
Fatima Group
Pakarab Fertilizers Ltd (PFL)
Background
Post
Privatization /
IPO Initiatives
(-150 Million
USD)
Fatima Fertilizer Co. Ltd (FFL)
■
Acquired from government of
Pakistan under Privatization Scheme
Initiated as green field integrated
■
project with cost of USD 750 Million.
■
Producer of Ammonia, Nitric Acid
(NA), Urea, Calcium Ammonium
(CAN)
and
Nitro
Nitrate
Phosphate(NP).
■
(CAN)
and
Nitro
Nitrate
Phosphate(NP).
■
Installation of Clean Development
Mechanism (CDM) at Nitric Acid plant
to ensure environmental compliance
and generate additional
■
Installation of CDM at Nitric Acid
plant to ensure environmental
compliance and generate additional
revenues
■
Installation of CO2 plant to generate
more revenue.
Effective integration to use steam
■
produced by Ammonia and Nitric acid
plants for power generation
■
Installation of Co-Gen Power plant
and HRSG to reduce fuel gas
consumption and use of heat/steam
Listed on all exchanges in Pakistan
■
and tradable at US OTC market.
10% equity participation from private
■
Sector.
=IVAN
MIN
Fatima Group
Agreements signed, recently, with Haldor Topsoe and Kellogg for revamp
studies of both Fertilizer units.
HALDOR TOPSOE
T
CATAIYSING v011q fillSCM1F
li- tici ric1vr
s o j i tz
BR
fflutips 113
• ir Kawasaki
ft 442
fg
ft 1/` Ei]-
Chira Natonal Cnernical Engineenr g Group Corporaton
Kawasaki Heavy Industries Ltd
Groupe OCP
C F INGENIERIE
4,A Sechilie
fi/ Sitlec
.
WWII AEI
MI A I I
111
WI ■
Fatima Group
120 MW Bio-mass
Co-Gen Power
Developing
Phosphate Mines
In house Business
Development
Team active
MOU Signed with
Haldor Topsoe
•
Fatima Energy is under
implementation at a cost USD 210m.
1st Renewable energy project of its
type
Pakistan Mining would supply
phosphate rock to group fertilizer
companies
International Options under review
Green Field Fertilizer Complex in
Africa
-AIM
Mii/Ara
INF
Fatima Group
•
A 120MW biomass fired power plant with an life
of 30 years .
•
The Project would use 'bagasse' in sugarcane
crushing season whereas 'coal' in off-season.
•
IRR on bagasse and coal based generation is 17%
and 16% respectively.
•
Tariff @ 60% annual plant factor for capacity
payment and energy charge and for excess
production only energy charge.
•
EPC contract finalized with CSIC group, China with
major equipment of European Brands.
•
Technology and technical support by CDF & SIDEC
France with over 30 years experience in setting up
& successfully operating similar projects.
•
$
EINNIA1111
MUM
Fatima Group
Technical
Capability
Multi-disciplinary team capable of
undertaking State of the Art Projects
A business
experience since
1979
Experience in Ammonia, Nitric Acid, Urea,
CAN and NP Technologies
Financial
Capability
- Total Asset of approx. USD 2 bn
- Fatima Fertilizers listed on Local Bourses
- ADR tradable in US OTC
Marketing
Capability
Proven Capability of marketing consumer
& industrial goods in local and
international markets
esSton
ettise
Business
Management
Capability
•
Experience of managing large
organizations across industries
1111111/Aill
IIIIIVAVAII
IW
Fatima Group
A group that makes
perfect business sense
',41Mtf
. t
1111/A1111
■
Fatima Sugar
MI MIMI
Fatima Group
Thank You
•
111 111111111111111111111111111111111111111111111111
C247436
. W., ia)
i.im, 4.4 ;4Litin&. 1
-
• t't
r-.,.,
• )
,0 s;
-,.--,
k5
..,,,
1.4' 4e
/ t7.7••=T.V ''''
,
•• -,... „Zsr,"
h..■
l
el
—
,
,.,.__„: . ..... • •.- _,
.e..,
' .• ,...r..'1..-•' •••-••.e•-et,
'..
c• ,
-44\
—
, ee, .
. ,
x-,S4'
,
--
T.
A
>trmrt4r;t'zxx-.
'A"' , .41,0
-,t
..,-..
...n.-..4:181t,em , "•••,..,:tSY::
.1,,4.-.....
4% .0`• ... ,.
,4.. - ..f1/4.3,,v
• ' .o.,
,4
43:3
...,,,..›...!k‘a.
..Z.L.....4.
, ,, •••■
...„.*,..
:...,,
,..!..,,m,I.,
....—:.-,..-...1.......2 -
e_.!- .ivlic*
-4--it.;
.' -.i .., ....- -, • 'ig
.
,-r-
'- i
l'.y,„...
.
. ,,, s ,
\e
A:
' No--._:',1',. '''"'•
- ''''''
.
■
.
—
t(fre,"
'2:
I
t
....
.
P
, :
Rupees20
:„.
4.4
._
, .
..1
_ . ..,
%
..
,,
,
_
,,.
,
.4 '
-, -..< A..
_ _ i.-e,..-...,,vivibrF , _2‘. .Y .4.7, ...;;;;PIX__4:: - ''''' —m"
v. 7.17.,v'74 1.7S-wir:rt ,.•
-,-v Vie.:7F7,i.,'. -=1:.:0".,-Tivaz.:
•
,
,:. ti ''''' .
s
. .V
64.
.
'
'
BEFORE
THE NATIONAL ELECTRIC POWER REGULATORY AUTHORITY
IN RE: 120 MW CO-GENERATION POWER COMPLEX AT THE SITE OF FATIMA
SUGAR MILLS LIMITED, SANAWAN, TEHSIL KOTADU, DISTRICT
MUZAFFARGARGH, PUNJAB, PAKISTAN
AFFIDAVIT
I, Fazal Ahmed Sheikh-Director of Fatima Energy Limited, E-110, Khayaban-e-Jinnah, Lahore
Cann duly authorized through a bOard resolution dated January 18, 2013, do hereby declare and
affirm on oath as under:
1.
That the accompanying Application for Generation License has been filed before the
National Electric Power Regulatory Authority and the contents of the same may kindly
be read as an integral part of this affidavit.
2.
That the contents of the accompanying Application for Generation License are true and
correct to the best of my knowledge and belief and nothing has been concealed or misstated therein.
Deponent
Verification
Verified on oath at Lahore on this 18th &y of Jaf•ttary 20! 3 that the contents of the above
affidavit are true and correct to the best of my knowledge and belief
Deponent
111 111111111111 11 I111llllllllllllllllll 1111111111111
0247436
BEFORE
AFFIDAVIT
I, Fazal Ahmed Sheikh-Director of Fatima Energy Limited, E-110, Khayaban-e-Jinnah, Lahore
Cantt duly authorized through a board resolution dated January 18, 2013, do hereby declare and
1.
That the accompanying Application for Generation License has been filed before the
2.
That the contents of the accompanying Application for Generation License are true and
Deponent
Verification
of lat.nary
Ver'f;e:1 on oath at Lah-,1-2: on this' 10'
'11gt
affidavit are true and correct to the best of my knowledge and belief.
th cr,ntentQ of the n bOve
tLC4'u(
Deponent
•
4*e
g
oY/fri
616/-
•
Fatima Energy
Limited
MEV/MI
1111111I/VAI
NW MIMI
January 23, 2013
.(,"
Registrar
(4 ■
2
r -4111'S
cc--,•
c_ c. -.. c...Ave-lf ,-.4.1
0.
..1
(t.1(.2.
nd■
.C•--...."21;
;
G-5/2, Islamabad
Subject:
•
-.)
•
c-.
rzJ.
c.---,
0 --
Project
c.,
.et.
c
r..,,
r
c~
.
r-•
Regulatory Authority Licensing (Application and Modification Procedure) Regulations, 1999, is
Fazal Ahmed Sheikh
CEO/Director
Head Office: E-110, Khayaban-e-Jinnah, Lahore Cantt., PABX: +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web: www.fatima-group.com
rli
•
Allied Ban
6361
ABC No. BBB 10817151
t 07,
Date
Akt..44'
..- • •
7-e-PAY t a_bhv
OR ORDER
Pfet.N.AC,
6,45,
RUPEES Ftve_
D-1708 361
Please debit Account No. A.LIZ
it
•
•
of branch () (3
108 17 15111°0 11,00001:000 1757
e Signatory
IBS No .7-2_6 f
Authorized Signatory
IBS No.602_3
DO NOT WRITE BELOw 114$ LANE
14000 L0000 10 0 L0o'
Fatima Energy
asisrAirm
LimIted
January 23, 2013
Registrar
G-5/2, Islamabad
Project
Subject:
• Regulatory Authority Licensing (Application and Modification Procedure) Regulations, 1999, is
Fazal Ahmed Sheikh
CEO/Director
11.
,
I"-
Fatima Energy
Limit
e
INETAWAIII1
d
MEM
January 23, 2013
Registrar
G-5/2, Islamabad
Dear Sir,
•
Application for Generation License — 120 MW Co-Generation Power Project at Fatima
Sugar Mills Limited of Sanawan, Tehsil KotAdu, District Muzaffargargh, Punjab
Fatima Energy Limited (the "Company") is registered with the Private Power and Infrastructure
Board ("PPIB") under Registration Number "3003" as a Co-Generation power project intended
to be situated at Fatima Sugar Mills Limited, Sanawan, Tehsil KotAdu, District Muzaffargargh,
Punjab (the "Project"). The PPIB has, in its letter dated 23 rd August 2010, advised the sponsors
to approach NEPRA for award of generation license and tariff determination for the subject
Project.
Therefore, we hereby apply for grant of Generation License for the Company in accordance with
the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (and
the rules and regulations thereunder). Alongside this application, we are also filing an
application for the approval of the generation tariff for the Project.
•
Although we have aimed to provide a comprehensive application we are available to provide
anything further that you might need in your evaluation.
We look forward to working with you to complete the regulatory process and thereby achieve
financial closing for this Project at the earliest.
Yours Sincerely.
Fazal Ahmed Sheikh
CEO/Director
F
I
• III
,a
1:,t
PAC
,111
tt"L
4(
x a-92 EtF
il
• Generation License Application of Fatima Energy Limited
• Annual Return
• Memorandum of association
• Certificate of Incorporation
• Private Power and Infrastructure Board acknowledgement
• Project Organization
• Curriculum Vitae
• Accounts and Financial Statements
• EPC contractors Profile and Experience
• Board Resolution
• 0 & M offer
• Technical Abstract
• Fatima Energy Limited Profile
• Fatima Group Profile
• Affidavit
GENERATION
LICENCE APPLICATION
OF
E -110, Khayaban-e Jinnah (DHA Boulevard) Lahore Cantt.
•
LAW
PROJECT OVERVIEW
A.
Background:
The project company is a public limited company with the title of Fatima Energy Limited
("FEL") with its principal office located at E -110; Khayaban-e Jinnah (DHA Boulevard) Lahore
Cantt. FEL was incorporated under the Companies Ordinance 1984 on 22 nd June 2004.
Pursuant to the National Policy for Power Co-Generation by Sugar Industry 2008, FEL
submitted its proposal to the Private Power and Infrastructure Board ("PPIB") to develop a
state of the art co-generation power plant with a capacity to generate electricity of
approximately 120MW through the consumption of bagasse and coal to be situated at the
site of Fatima Sugar Mills Limited ("FSML") in Sanawan, Tehsil KotAdu, District
•
Muzaffargargh, Punjab (the "Project").
In response thereof, PPIB vide letter dated 23 rd August 2010 communicated the formal
registration of FEL under Registration Number "3003" and advised the Sponsors to approach
the National Electric Power Regulatory Authority ("NEPRA") for award of generation licence
and tariff determination for the Project.
B.
Site:
The Project is to be located on an area of 62 acres (including 16 acres for a residential colony
adjacent to FSML) located along the G.T. Road KotAddu (towards north) between
Mehmoodkot and Sanawan (a city of Punjab located at about 425 km Westside of Lahore),
•
Tehsil KotAdu, District Muzaffargarh, Punjab. The location of the Project is shown on a map
attached as Annexure-1 (the "Site").
C.
Plant Utilization:
which is proven for efficient burning of dual fuel biomass and coal. Weighted average net
capacity of 50.53 MW out of the total weighted average net capacity of 100.53 MW shall be
available for off-take by the Power Purchaser; whereas the remaining weighted average net
capacity of 50 MW shall be sold directly to bulk power consumers. The rationale behind
such bifurcation in a single project/SPV (and not developing a separate project/SPV) is that
(i) the 118.9 MW (gross) Project would benefit from economies of scale with lower costs
being passed on to the consumer (as compared to the development of two separate
projects of 60.00 MW (gross) and 58 89 MW (gross) each); and (ii) there would no need to
duplicate such facilities which are presently contemplated as being shared facilities between
the bifurcated single project/SPV (which thereby would not unnecessarily increase the
cost/burden on the consumer).
D.
Interconnection with National Grid:
The load flow analysis has been carried out for system operating conditions of January and
August/September corresponding to the typical winter and summer seasons in order to
evaluate the identified interconnection options for the Project in light of NTDC's Grid Code.
A new 132kV double circuit transmission line approximately 35 km long on Rail conductor
from the FEL power plant to Muzaffargarh New 220/132kV substation will be developed.
Interconnection has been studied and evaluated in detail, and it has been found reliable and
hence recommended.
E.
Environmental and Social Impact:
The Project is designed to generate electricity through consumption of bagasse and coal.
Bagasse is an environmental friendly fibrous residue of cane stalk which contains no sulphur
and less than 4% ash and is a source of generation of clean energy. Therefore, the
development of co-generation power project could reduce dependence on fuels for thermal
power generation and increase diversity in Pakistan's electricity generation mix thereby
reducing greenhouse gas (GHG) emissions.
An Initial Environmental Examination ("IEE") has been conducted for the Project by SGS
Pakistan Private Limited.The IEE refers to an Environmental Management Plan ("EMP")
prepared for effective implementation and management of mitigation measures, wherein a
delivery mechanism is provided to address potential impacts of project activities, to
•
enhance project benefits and to introduce standards of good practice in all project activities.
The EMP has been prepared with the following objectives:
•
Defining legislative requirements, guidelines and best industry practices that apply to
the project;
•
Defining mitigation/monitoring plan required for avoiding or minimizing potential
impacts assessed by the IEE;
•
Defining roles and responsibilities of the project proponent and the contractor;
•
Defining requirements for environmental monitoring and reporting;
•
Defining the mechanism with which training will be provided to the project personnel.
Environmental sensitivities and impacts, as well as the associated mitigation plan have been
addressed in the EMP Further, FEL shall ensure that the project staff will be adequately
trained in Health Safety and Environment sensitivities and operational management
procedures, so that all levels of staff effectively contribute to impact prevention and
mitigation at all times.
The project will generate approximately 1000-1500 jobs during construction phase and
about 100 or so during operation phase. Most of these vacancies will be filled by Pakistani
nationals. It is expected that about 25% of the available jobs will be for unskilled personnel;
and these jobs will be provided to the locals belonging to the Project area (as the latter do
not have the required education or skill for the skilled or semi-skilled jobs for the Project).
Fatima Group has a number of on-going community development programs which includes:
•
Donation for flood relief in case of a flood in the region.
•
Construction of Sanawan College for girls etc.
F.
Plant Characteristics & Technological Configuration:
which is proven for efficient burning of dual fuel biomass and coal. There are very few
equipment suppliers globally who are specialist in this kind of technology owing to
specialized techniques to incorporate either biomass or coal. Foster Wheeler of Spain was
selected after detailed due diligence and competition for the supply of boilers. For the boiler
combustion system, Detroit Stoker Company of USA has been selected for providing its
special Rotograte system which is considered as one of the best in the world. For steam
turbines, Siemens was selected for supply of two full condensing/extraction turbines for the
Project.
•
Sugarcane Crushing Season: One boiler will burn bagasse as fuel while the other boiler will
use coal (as bagasse produced by the sugar mills is only sufficient for one boiler load). Owing
to process requirement of FSML steam turbine will operate in extraction mode supplying up
to 210 t/h low pressure steam from FEL consequently reducing net available capacity of
plant. Since both boilers would be operating on different fuels two separate tariffs during
crushing season are being sought namely bagasse-season and coal-season to cover different
operating scenarios.
Off-Season: Both boilers will use coal as fuel. Further, all necessary measures shall be taken
to acquire additional biomass from surroundings industries; and it is estimated that one
boiler would be able to generate electricity on biomass for at least 60 days during the OffSeason. During off-season, steam turbines will operate in full condensing modes and
turbines have been designed to accommodate full steam generation of boiler providing
additional electricity to the national grid
G.
Overall Plant and Energy Balance:
Each unit will be designed, manufactured, installed and commissioned as per internationally
accepted practices and standards. The Project's estimated key performance data and energy
balance is set out below:
Net Capacity (MW)
Off Season
Crushing Season
107.54
88.78
201
120
Days Operation
Net Capacity (weighted average)
Net Plant Efficiency (weighted average)
H.
100.53 MW
28.00%
Plant Commissioning, Operating and Maintenance Philosophies:
Energy environment requires a smart approach for the commissioning, operations, and
maintenance of power generation facilities. The commissioning process follows the
construction of the plant and facilities and brings it in operation in a safe and controlled
manner. During commissioning the plant will be operated over a range of conditions to
ensure that it can operate reliably and efficiently, when in operational service. All the
project activities including commissioning and testing will be supervised by the FEL team
along with appointed French consultants CdF INGENIERE who have successfully
commissioned similar bagasse/coal fired projects in other countries.
The philosophy behind the O&M approach is to have the operational excellence and
•
performance optimization. Fatima Group promotes the reliable and economic plant
operation through predictive maintenance programs to avoid unplanned outages.
Operation and maintenance of the Project shall be carried out in accordance with the
prudent cogeneration plant practices which include:
•
Arrangement of a complete and competent operation and maintenance staff and the
supervision and management thereof.
•
Execution of all necessary day to day services and maintenance (as well as major
overhauls) in accordance with original equipment manufacturer's instructions.
•
J.
Training and Development:
The EPC Contractor shall carry out the training of the Employer's Personnel in the operation
and maintenance. During commissioning and start-up period, vendor specific training will be
provided on-site to the Employer's personnel for specified specialist skill necessary for the
operation and maintenance of the plant machinery and equipment.
For sustainable optimized performance, Fatima Group offers excellent opportunities and
prospects for personal and professional growth. It has its own technical training centres and
a training need analysis (TNA) based program which determines the training needs and
provides training to its employees. The program has cross-functional trainings for the
availability of multi skilled people. In order to upgrade the technical capabilities, different
national and international certification programs are offered to its employees. Fatima Group
•
has its own succession plan for the employee which is implemented under Management of
Personnel Change (MOPC).
K.
Safety:
Fatima Energy Limited will adopt corporate guidelines to ensure safety of men and material
deployed at plant site. Fatima as a group strives to ensure that the community works in a
healthy, safe and environmental friendly atmosphere. For this reason the company has
designed its values and behaviours amongst which Health, Safety and Environment (HSE) is
of utmost importance and priority. Fatima Group is committed to building a safe and
healthy workforce that contributes towards the business growth and sustainability. It has a
proactive approach to achieve zero harm and making endeavours to align itself with
internationally recognized DuPont Safety Management Systems.
•
L.
Capital Budget:
The project is expected to cost US$ 234.66 million inclusive of all costs, with the EPC
contract representing approximately US$ 173.62 million of the said amount. The balance
includes land, project development, pre-operational costs, project specific non EPC costs,
financing/insurance fees, expenses of consultants and all professional fees as well as
overheads of the company.
M.
Reference Project Cost:
Project Cost
USD Million
EPC
173.62
Non EPC Cost
8.25
Custom Duties & Withholding taxes On Shore EPC
8.40
Lenders' Fees and charges
6.16
Insurance
2.34
Fuel during testing
1.35
0 & M Mobilization Advance
2.00
Development Cost
8.12
Project Cost (before IDC)
210.24
Interest during construction
24.42
Total Project Cost
N.
234.66
Financial Plan:
The Project Cost will be funded on the basis of a Debt: Equity ratio of 75:25 implying a total
debt requirement of USD 175.99 million; and a total equity requirement of USD 58.66
million, based on a Project Cost of USD 234.66 million.
0.
Implementation Schedule/ Timeline:
The following provides the key dates for the Project development:
Registration with PPIB
23Aug 2010
ITB Issued
21 Jul 2011
Evaluation of the Bids
31 Jan 2012
Negotiations and award of the EPC Contract
31 Jan 2013
Filing of tariff petition with NEPRA
1 Feb 2013
Issuance of Tariff Ruling by NEPRA (Expected)
30 Apr 2013
Posting of Bank Guarantee with PPIB & LOS
15 May 2013
Financial Closing
31 May 2013
Commercial Operations Date
30 Nov 2015
In light of above schedule, the plant will be fully operational to generate electricity by 1 Dec
2015.
P.
Main Sponsor
Fatima Group has its roots since 1936 when the family commenced business. Thereafter,
with the hard work done over the last 75 years, the third generation of the same family now
owns Fatima Group as one of the most reputable industrial and multi-disciplinary groups of
Pakistan. Today, the Group with a work force of 10,000 personnel is engaged in trading of
commodities, manufacturing of fertilizers, textiles, sugar, mining and energy. The Group has
made exceptional progress in the last two decades by achieving a turnover of circa USD 728
Million and EBITDA of USD 264 Million. Further, the Group currently operates captive power
plants with cumulative capacity of 159 MW - supplying electricity to various entities within
the Group.
FSML, the Sponsor Company, is one of the vital units of Fatima Group principally engaged in
•
the business of manufacture and sale of white refined sugar and molasses (as a by-product)
with its daily crushing capacity of 10,500 MT. The resulting bagasse from the sugar is
planned to be utilized as fuel in the Project. FSML was incorporated as a public limited
company in 1988 and the mills are located at FazalGarhSanawan, Tehsil KotAdu, District
Muzaffargarh in the Province of Punjab.
The Project is being developed through Fatima Energy Limited, a public limited company,
which is sponsored by the Fatima Sugar Mills Limited. Fatima Group financials are:
Fatima
International
Divisions
•
Fertilizers
Companies
Trade
Textile
Sugar
Pakarab
Fatima
Fazal
Reliance
Fatima
Reliance
Fertilizers
Fertilizer
Cloth
Weaving
Sugar
Commodities
31st Dec
31st Dec
30th Jun
30th Jun
30th Sep
2012 (Est.)
2012 (Est.)
2012
2012
2012
Total Assets
53,149
78,741
20,577
5,935
Shareholders'
19,427
28,540
9,266
Net Sales
8,083
29,778
Gross Profit
1,637
EBITDA
3,041
Status as at
Total
Total
30th Jun
Rs
US $
2012
(Million)
(Million)
10,116
6,298
174,816
1,784
2,115
6,317
5,078
70,743
722
19,750
8,699
4,631
362
71,303
728
16,550
2,831
914
602
88
22,622
231
16,248
3,210
846
837
1,710
25,892
264
Equity
Q.
Management Capability:
The Management Team of Fatima Energy Limited consists of energetic, highly qualified and
experienced professionals. They excel in qualities like leadership, collaboration and project
management etc. They have experience in managing the large industrial projects and
commercial businesses. These Professionals are proficient with technical and
entrepreneurial skills. They are confident, dynamic, creative and ready to take future
challenges.
•
R.
Plant Detail
1.
Name of Applicant
2.
Registered Office
E-110,
Khayaban-e Jinnah
(DHA
Boulevard)
Lahore Cantt.
3.
Business Office
Office # 28-30, 2nd Floor, Park Lane Tower,
Mall of Lahore, Lahore 54810
4.
Plant Location
Fatima
Sugar
Mills
Ltd.,Sanawan,
Tehsil
KotAdu,District Muzaffargarh, Punjab, Pakistan
•
5.
Type of Facility
Co-Generation Power Project
6.
Proposed Buyer
NTDC and FSML/other BPC(s)
7.
Plant Configuration
2 x 60 MW Cogeneration
8.
Emission values
NOx.5 1200mg/Nm3 dry at 6% 02
S0x5 1500 mg/Nm3 dry at 6% 02
Dust 5 50 mg/Nm3 dry at 6% 02
CO 5 800mg/Nm3 dry at 6% 02
9.
Installed Capacity
118.9MW gross
10.
11.36 MW
11.
Net output (MSC)
Off Season 107.54 MW , Season 88.78MW
12.
Life of facility
30 years
ANNEXURE-1: SITE MAP
1
II
1
1 Kot Qaisrani
i
‘Z:1
ci)
dt sultan
• I
• r
-Ta
unsa
•
J‘-‘,
I
Ahmed ur Sia
I
I
4Z
•Sherga
I
era Din Panah
•
----,•11unda
•
•
Kot Addu
Mamdanli
Rangpur
•
Kabirwal)
Kala
•
II r
r
anawan
Shah Sa udain
•
Aahmood Kot
MULTAN_
ZAFFARgH
\I:URA HAZI KHAN
r"
--------__
I
‘
IKot Chhutta
I
/
7
I
/
Legend
®
/
Sha h
i
t
provincial EirAindar)
Sultan
•
/
I
i Jampur
•
Super Highway
/
Shah Sultan
klughalan
•,
Road Net*rok
Jatoi
:eepable Track
/
RaitNav Track
Riper
='r poses; Protec:
Site Area
•
I
Baghwala
•
itglAVVA+1.1R
Fazilpur
Janpur
own
Airp'Irt
•
Acillpur
•
1.1ohtla Shah
tlubarakpur
/S
A P. 2
T111711, ACVIEFUI.
LEN
RE 'I 0/414
r
,F,1-1AME ,:APII AL
•-0.1P2NY
;,t1
rot;
(,..[,
1,
P02,■
,AITC I)
1M', t AL ItC. 1. ■
Nam; ‘,1!1,
;r
1,1111A .nmde uplo
11)d dA/ortIVAnel
11201 2
.
I
CM
Sl
FAH
ALL/-I1
11,en, Prao.'
,1 1:N 4,1 I Ail,
1LEnT,t,ves
I ., 1,1 000 1,,, 1,,
I:
'I
1:
1
11 I onlic .1 31c1
of inttoLlcd,s1,
Is
1.4oliss ososySil..
1
11
I
,
113.41
Aollotml
, ,hafr1
i'.40
IA,.
il
il
a, Hal
TYI
"
li
11
"
of III
,)1.1.
/.0i11111.1 CSAII0,41,
I
%I, Loittlr.,
MfE- 11t ,1
1 4.5
ITT
,,,
2411(1,r1,41 ,
11)LrAP, ,AN1
()MANI AnLEL ■
tttxt, PA041
Ilttps://eserviLes.secp.vv.pkif.:.Ser,
ame -...
1 3/I1/2
F orm A i>/:„,
3 1) (I
15 Chief Accountant
16 Secretary
ri,thw
Al
Al 1 (2,111.1 HHI
11W
frl 1
'1 3
I
k it/4u SI
1)1),,,` E hi,
1! Legal Advkar
jII M/' sND FIE-6,d {1M
1-A
'3
11 i-1,31 ,-,11
1 Ai1
1
III AwlItHr ,,
441 )3311',' If API Ali EM ANL, k
A lip's
I 131 A Ali I ilAKAR 33 nr 3< I/MW
1 -"DJ,/ I Ar-14'11-`1"
19. List of Directors on the dare of Forro-A
nue , 3III
IMPS I A 11MA i A,'AI
Adriftss
riahon3lity
4
i‘I'AL-1 Mill TAN ('fiNAl
AD/AIR Al MAP, MI 13<11 FAR 1,1 LII3 '13 A, OA:AIM
MIlf ,'t I 131 5V/ 5[3
1 WI A34 MA3IMC/01/ PI-r,
A:AL AI IMM
I-t's I /11-(Ai 1 J-7k11-.41
I Ali-1'i Al liArrl MI/HI
43 5 (/A
P511(1
131) Ml I1 IAN( ANTI' i'aMsti_li)
Mull I-NI All II
H 1'.1) 1 40 HASSAN PI-M.1-/ANA I ;03
,-13 fi ri:AS11.1 12C'An, 1,11)1_1 All 1' AN ri
/14
I -1 4-A CA17,1"41 i/ ,.3AD MULTI- Ni CANT? P a3 ictan
43 A
Al RoAn ma TAN (-Aryl' IMM,Idn
—P".; \lAL1h Pk
i
I p S://eSC IV iCe S. SCC p.gOV ,p k /eSe f iCe S/ EFO rM COn t rOne f SerVI C t?pWSCUSI
Next Npe
Forill Na1110
)/ 1/201
Pap.A.‘
Fo1m A, Pp,. ?
3 or c,
19. LIst ol Disectors on the dote of Form-A
ot Director
Njtr ,fl'tY
P d d l t'`■
5
;f I oroptq)
t411:, (i
•
Lptovioi!opoo
!,
Next Page
https://eservices.secr.gov.rkieServices/EFormControllerServlet?pwscustotaormName
15/1 1 /2012
I'dgc 4 ol
Form A Pg. 2
NAKT.E3
20. 1.15t of me MbCYS & debenture
s on filo (Lae rrpto which this Form A Is made
r‘1,),»,
()won Ro,tri Morton
Ahni,2d
NI,
I
kith
Mi f.t. dl Atmwd
Rood LVultan Conti.
4
41 A, C7,1,1rit RI,on, , 6lrritnn
C,Intt I'
A,
Mr,
r
Ir^1IrU d,,n I,111),11,,,,
P
4 i r, (.'hvirt
i 1 F) 1 ‘,
I IH ;11
11 A
I
Lank f-r1k1;!,11t
cld
!,1;,1111 kt■
I I
Provio06 Pato
littp,:://c-wrvices.secp iiov.pk./ksServices/F.FormControlltn•Sen
Net Paw:,
..
15/1 1 /2012
1 >:11:,(2
'11 Transfer of shales tdenonttires) since last Form A was rnadf:
Thain, (‘■
1
C,,;(,(f,",(!rairt,)
l';itimbil• of ;;i0_1o.-.,
if;111,,f011‘
it ,r0, of irdo,,f(;rt.,.
Dote of
f•;,,,ir..f, ,tti, TT ,.1
;
Ir
),14,
Itr,rt
irr1.1;11,11-,1;1,-■
,r-,-rritrip,iryncj
tu coo..
c ,,A1He-ctc.cly
0 tin;
o[4, MI ,
LI Chi,.
A A, c A
YY
(..,'UnES[11
trloriolore
Drrrorl.strrr
ttru
rxor01,0
r'r r r,r1
"v.
Provutis Paoe
Next Pape
htips://eservices.secp.gov.pkieServices/1.TorniControllerSt-i- vlet?pwscustomForniNarm"
15/1 1 /201?
()
I
n Inll III
1
INIA Vi`,11,;P(IN'
r,P,r,to
III
•Li
d III ill(
'()It 1 1 , 110/ \‘,111
ti l 11 ∎ I ∎
r .l LI!
;
t,aid
i:,1,11 , 11! , lied ;Hi'
h 111,
clmr,e..;, die si - i)pe id
111 ,
111
01 the lohoy,, 111 ,
oi
!lied
to Inllil
of any ()Mei
1111
of and dedler,
clectiinily citation and
1 o caw on
.,'Ht 1 teal and elated appliances, cables, wile-line:;,
■
lnd
r.11,
ills the puilio:)e of
heal,
motive
one
-JR II ;;111)
RTIIIH111,11(H
C( • 11;;, ■
(11;;(1- jhffic ;Hid
power, and roi
CI1• 011'
other plirpw;(_ ,,; lot
\\ Lich , •lectiical energy can he employed. and to manufacture and deal 111 :111
,tpir,t( 0 ,, and (hipql:,-, vequilicd 1;)1 Or employed, and to inanuractuk . and dual in
dl
,ippaiatus and thing,s icquired for or capable of - being used In C01111;2(1
h he gClIel 'M1011, distribution, supply, accumulation, and employment of
electricity, including in the term electricity all power, that may be directly of
iu
•indiicetiv derived there Boni or may he incidentally hcicalter discoveted
(1, ali11g with electricity.
,, ,ny
o acquit ,: and take over the ownership and all assets and liabilities or
litr:iness, 1111n or colpoialion in line with a view diet clo to enter 1111(1 an
early into CITCCI the same with or without modiricniion.
adopi such 1w-di-Is of slaking known the products and business id the
Company <I5 'nay seem ezpedient and in paitii,,uku by ',RIveitisenicnt and
otherwise c;.hihitions, publication of hool,-,-; (. ind
plitnicitv ill the
peliodp,,als and by i , i,inting plizcs, reward
donations
11
∎ )II,'∎ ",
;lit
Id."
(
1, 1
\
ill
I(..",;p',0,
11;11y
.1,'
Vi l p:111!:
111(
I
,
(tr
ill 01 111Ip'W\ 111.0 ()I
H1vr, T,1 1 (11)
,)t
();
till II I() :C ■
'?(!!
WIC! (I'
'1111110%C
( ()Illp,111V 111,IV ‘.1C11Ul6Y "I PI"P)'''J"
;1«11111 ,,:
T ()
i
11(11(1
1)1 (il',p■
)`.,' III III\ (",(111C111 lit ',I1,H("„
II( Ip'
,111, HI (VIM
111111
11 11,,I
I
1111;111(2(2
t
iiIit
CCI1111C,Iit'`;
ILO Viri,
11111{11,11
dUI)CIIILIIC 510(1K
(l
1)011(E, 01)11.1:111011`, ;I11(1 ';CC Ill
- '
ifwcInnient, CO1111UssiO11 , ptilThe body of atinfoir„,,tfrEfl,
municipal, local or other wise.
COMp'llly, any
rok,)!-Imv, 1/1
paymenf orinotic\ by the issue of participation term
musliftlika certificates, unite 1111u51 ceitilicates, mutual fluid
Ccrli(i" III
modfiralfi ceitilicates, term
Ibifince certificates, clk:1-)cillitle'
debentute boiRls, obligations and secufilies of all kinds, and scenic the
same as may seem c -vcdient with full povvei to make same Ilansferalde liv
(IL'Io cry (); titinsfer or ()diet \yi.;(2 on the undei taking ()I the
company of upon an" speeifie ploperty 1111(1 il_(111:f pie:fent and luture of
Company f
ho\yever, collaterally Or Curthci to seetiw an)
of . the Conljlauy by a trust (teed of any ()dust ftsmfouR-c.
',((III
() pay ha any impel or, or 1111,11k acquiled
(III' Company, either in
()I
Cully iffild s or by the issue of' seettritie!f, 0f pal tly in one !node and partly
in another and 2,fsfierally on such terms as ma }
. , 1)(2
o (If fi\v, ln,il e, ilC( ept, C11(10rSC,
CClliC and issue cheques,
jumnissoly mute;, bills of exchange, bills of ladinu, \valifints, debentures, and
otl )c , 1111).0tiable or uansferal -)le Ms(rum(_,its but not to act as l)anking
k:011)r)f111,,.
I
o support and subscribe to any charitable or public object including,
donations to charitable and benevolent foundations and any institution,
, foeiety,
of k lub or fOr any purpose which may be fOr the benefit of the
ekalip,my 01 its employees, or may be connected with or for the benefit and
\YLI tare of any town or place where the Company carries on business, to give
pension:,, gratuities or charitable aid to any pet sons who may have been
(in eetof s of of may have served the Company, or the wives, children of odic]
11•1ttive,, (Jr dependents or such persons, to make payments towards insurance,
mut to Him alid contribute to provident and benevolent funds 14 the Lenelit
111
;!tiy suVll pcisons, or of their wives, children 01 other iclatives of
(Hp, fidents
2
0 1.1\ C.j
,t;11f111'.-.
tttlia
1I
!!P.'
11ttl 1111:It
I t. OpL'Il iUl Lb.:CO(1111 0f aCC011111S k\1111"..1111' N.1111. 01 11ttll!,1`; aad ttt
\1'Ilhdlt,1\t'tt 1110111C.; 110111
I\
:Hi,
111:)hg:IL
Wit! to
such account or accounts.
1
To procure the Company to be registered or recognized in in fotel)In counin
0! rn11 place lOr the promotion or any business of the Company.
1
inlet into paitneiship or afiangement ill the naltuc or a pailner:disp,
opciation or 01110i) or iotciosr, with any person 01 pcisons, Compaq
Col poration engaged or interested or about to become engaged 01 inIcteAs)1 III
the carrying on or conduct of any business or enterprise which Mc compa
wittior.r:cd to carry 00 or conduct or from which the company would or 'n
del ive any benefit.
1
i.
s ell or dispose of the undertaking of the Company or any pail thereof . in
such manner and knr such considetation as the Company 'nay think fit and in
pain( utt er lot shaies, debentures, debenture stocks or securities of any other
company whether p► omoted by this Company for the purpose or not, and to
imniove, manage, develop, exchange, lease, dispose of, Min to account, or
otherwise deal will) all or any part olthe properly and rights of Ille Company.
I".). To pay all the preliminary expenses of any kind and incidental to the
lOonation and ilk mpotation of the Company out of the funds oldie Company.
16 .1 . o distribute any of the company's property among the members in specie or
ill ally in,iiincr whatsoever.
17. To accept shares, Modaraba certificates, participation term certificates, term
finance certificates, musharika certificates, bonds, debentures or other
securities of any other company in payment or part payment of any services
tendered or for any sale made to or debt owing from any such company but
not to act Os investment company.
I To advance money to staff members, customers and others having dealing
with the Company with or without security upon such terms as may deem
expedient.
1 0. To give any guarantee in relation to the payment of any loan, debenturestocks, bonds, obligations, securities in respect of this company.
20. To create any reserve fund, sinking fund, insurance fund or any other special
fund whether of depreciation or for repairing, insuring, improving, extending
or maintaining any of the property of the Company or for any other purpose
conducive in the interests of the Company.
3
I
o
k)
,14',11
1;11"H 1
1 11 0 11 ,1, 10H ;, 1 1 11.11 11
he
lendeicd 0,
HI \
1 01
ondel
\\Hum, '
Lcmg
the
placim.t
id
Th
n-,sisting to place a,1 1,15 1!
J o ;Irwin:
,
ol tit, ' lhiws in Me company's cdpikil of and, debentinc',, dyhcomi,
oi
1111111011 111111
111V, OI III 01 110001
01 1111: C01111)■
othra
.
C01011K111:, 01 Ills C011(111e1 01.tlll.ti ht15111(.11;-■
010010.0011 ni
III
\
Hi
1 0 111111'1 111I0 111I• 1,11011111,C111L1111 with any t jovemmem or ;Hullo,
local or °Met wise dint luny scene conducive to Ilk: t
moo mo.
,,biests of ,inv or them and to obtain From and such Govci most)! of and!,
lty
III
all 110111;• concessions and privileges which the company Mini,
desirable to obtain and to early out, exercise and comply with any smelt
drrangements, rights, pi ivileges and concessions.
24. i\nd .'1,2111,•11111.\"1 to do all such other things as ate incidental or conducive to the
;I itainincnt or the above objects or any of them.
2cj. Not \yid'
anything stated in any object clause, the Company shall
odpr affioval or license front the competent authority, as limy he
r•ouired miler any law fo r the time being in force, to undertake a particular
busine',s
,1j ). II is deel,li.11 ihnt notwithstanding anything contained in the lOregoing °Heel
clause of this •Icinotanclum of Association, nothing contained therein shall he
construed empowering the Company to undertake or to indulge in business
o r b,mI,Illf, company, banking leasing, prepayment sales scheme, lonely
scheme, investments, managing agency or insurance business directly or
inditecily as restricted under the law or any unlawful oper4triiic,,
Lahclre
(75'
LIA131
•->". '
lik
al
The liability of the members is limited.
The capital of the Company is Rs.10,000,000 (Rupees Ten million only) divided
into 1,000,000 ordinary shares of Rs.1 0 (Rupees ten only) each with the power to
increase and reduce the Capital of the Company and to divide the shares in the
Capital lot the time being into several classes.
.
II
I
in
lO' u \\
1.1
,11,111C,:
till,
at
Jrwii)
Fri Full
Hock I nilnis)
FA',7AD AHMED
$6302-2741274-7
FAZAL ARMED
SHEIKH
302-0513241-9
11,AISAI
MUKHTAR
SHEIKH
322-87-026025
Mrs AMBREEN
FAWAD
36302
FATIMA
Mr:
FA7A5
36302MEHNAZ
Mrs
AMIR
36302IF) Fl IAN
MAHMOM
BAIG
36302-8145686-3
ak
1
1..11.i: ills: ilIWIl ) i i irl
lyiCif
11"1111el,
lippc,11.0
,
111
I•nr)
,i112
iu I
[ Number of
Shares
taken
By each
Subsciiher
Father's/Husband's
Name in Full
Nationahty
With any
Fenner
Nationality
Occupation
Residential
Address
iuklitar
1\1 Ian
Ahmed Sheikh
Pakistani
Industrialist
Gorse
43-A
Road, Multan
Gantt.
5000
Mukhtar
Mian
Ahmed Sheikh
Pakistani
Industrialist
5000
Ulan
Ahmed :Moil\ h
Pakistani
Industrialist
43-A Qasim
Road, Multan
Cantt.
43-A ()ash
Road, Mullen
Cantt
Qasirn
43-A
Road, Multan
Cann.
Oasitn
43-A
Road, Multan
Cantt.
Qasirn
43-A
Road, Melton
Cantt.
140-11assan
Parwana Road,
Multan
5000
Industrialist
Muklitar
Moon
Nulled `Theikh
Hall I tabh U11,111
ABDUL SAI TAR
P,kistani
Industrialist
stan
Industrialist
110
Pakistani
71 IAN Al !MED
Service
(Plivate)
ToTAL,
5000
5000
5000
5000
35,000
•
.),Ited the 16'h day ol.lune 2004
Witness to above Signatinc:
Name •
Address
NIC:
1t
Shahid Ismail
24$-A, Shah Rulth
36302-2040404-9
to the c II)) CO
In the Registu- ut Comp4.ines
A)) S. No. of the document _—
r
e
,
C)„
c) Name of the Cowl:my
L.' II- `.."
- d) Description of h docunient
it
es
Includisig emlosuri
20
el Filed this .,12,11:..b..4._Da)
(+I nit:Companies
I hider the Pia
'. 11
t
Ordinnce,
a
5
„
.
-6
;
Commnier
Joirt I:egistrar
NI LILIAN REGION, 144I.ILtAr`t
(5)
er c; ;:rrric:,
O n l i t r a;v e, 1 9 8 I
LIN/thy/7'r ,
.y/Lri e.$)
ARTICLES ()F ASS( );121..T1()T,;
()F
Ii' A'I'Ily1/+►
I I ; \' I el iNil I ' ; ' I I )
I. PRELIMINARY
The Regulations contained in Table 'A' of the Fir st Schedule to lire Companies
•
Ordinance, 1984 (the Ordinance) shall not apply to the Company except as may be
reproduccd lc
The marginal notes hereto stall not affect the construction hereof and in these
present:, unless there is 5'HI)C1111: in the subject. or context inconsistent therewith:
(i) "
Company" incmr, FATIMA ENFIZ(;Y LIMITED.
rii)) Words signi t*ying the singular numbers shall include the plural and vice versa.
(iii) Woid:,
ii lies shall extend to and include females.
) Wends signifying per -ions shall apply mutates mutandis to corporations.
Ordinance" means "The Companies Ordinance,
(s) "The Ordinance" or "the
19X4" as amended from time to time.
IV ) The word "month" shall mean calendar month according to the English style.
(vii) The words "Special Resolution" and "Extraordinary Resolution" shall have the
meanings assigned thereto respectively by the Ordinance.
(viii)
"Members" nresns member of the Company in accordance with the provisions of
Section Al )(21) of the Ordinance.
) The words "The Office" means the Registered Office for the time being of the
(ix)
Company.
(x)
The word "Directors" shall mean the Directors for the time being and shall include
alternate I )irectors.
(xi)
he Sect elm y" means the c)ccretar y for the time being of the Company.
101' MY:1;1 , ;1 111.‘ctill ,JH iii._
v.01d "I;o, ■
r, tllc c.r,e ma\ be, the dneck):., 1:>:),:1111)H.,1 a: a Build.
( ,,IH - 1'10\Y ie.cludc.,
(,,,~ )'lhc \\,
(I
LIIRH
duly
"Divider:1" includes bonus
;11oicsaid any words 01 expressions detained in the Ordinance
subicc t oI context loibuds, hem the :,arse meaning In tile;;C
Subi"ct
ex( ept
AI (II 1('
CoInillOII Seal
Wean:,
11
I) l lie NV ■
vii) .1
of the Company.
hr IIepr.,ter" mean:, the Register of Membets to he kept purstrint to
w,uds " fhr
141 of the Oidinance.
.-Viii) 'the words "in writing" ur "written" include printing, lithography and other modes
icpi cscnting words or reproducing words in visible form.
•
No shateholdei or othci person except to the extent expressly permitted by the
3.
Oldinance or these Regulattons, or any covenants made by the Company, shall be entitled
to enter the propet Of the Conipnny or to inspect or examine the Company's books of
account without the pern1H,;(, n 01 the Directors of Company for the time being or to
ream disclosuic of any info! 11,ation iespeet Mg any detail of the Company's business or
the nature of a trade secret, mystery of trade or secret
any mattci which is 01 may ha in
ocess of of a i\ matter wbat';ocver which may relate to the conduct of the business of
pr
the Company and which in the opinion of the Board, it might be inexpedient in the
Hoeft4 of the 'numbers of the Company to communicate.
II. BUSINESS
fhc business of the Company shall include the several objects expressed in the
',/leinsuanduin of Association or those which are within its scope and meaning and all
incidental matters taken or to be taken in hand, as the Directors in their discretion shall
think fit, and all matters which may appear to the Directors to he expedient for attaining
these objects. The business shall be carried on by or under the management of Directors,
subject only to such control of General Meeting as is provided for by these Articles and
the Ordinance.
The Directors shall have regard to the restrictions on the commence
business imposed by Section 146 of the Ordinance if and so far as those restri
hinding upon the Company.
2
c
IkegLstrat7,.-) thahore
(it )
S11.,:‘,.P.E;
Company is Rs.10.000,000 (Rupees Ten million only) di\ ided
of
lino 1,000.000 ordinary smiles of Rs. 10 (Rupees ten only) each.
'Hie minimum subscription upon which the Directors na ry proceed to allotment
/.
has been rp,ed by the Directors at Rs.350,000/- only.
The Directors shall observe the restrictions as to allotment contained in section ()II
of the Ordinance.
Subtcet to the provisions of the Ordinance and Article 41 and the remainder of
0.
these Articles, the shares in the Capital of the Company for the time being shall be under
the Control of the Directors who may allot or otherwise dispose off the same or any of
Brent to such person and on such terms and conditions as the Board may think fit, subject
111, to Section 84 of the Ordinance, the Board may issue shares at a discount.
The shares in the Capital of the Company may be allotted in payment for any
10.
property sold or transferred, goods or machinery supplied or for services rendered to the
Company in or about the formation or promotion of the Company or the conducts of its
business, and anv shares which may be so allotted may be issued as fully paid up
otherwise than in cash, and if so issued shall be deemed to be fully paid up shares as
atOresai d.
No share shall be offered for subscription except upon terms that the amount
11.
payable upon application shall be full amount, and the Directors shall as regards any
allotment of shares, duly comply with such of the provisions of Section 68 to 73 of the
Ordinance, as may be applicable thereto. A share may be registered in the name of any
limited Company or other corporate body, but not in the name of a firm. Not more than
two persons shall be registered as joint holder of any shares.
The Company shall not give, whether directly or indirectly, and whether by means
12.
of a loan, guarantee, provisions of security or otherwise, any financial assistance for the
purpose of or in connection with a purchase made or to be made by any person of any
shares in the Company, nor shall the Company make a loan-for any purpose whatsoever
on the security of its shares, but nothing in the Articles shall prohibit any transaction
which may be permitted by the Ordinance.
Except as required by law, no person shall be recognized by the Company as
13.
holding any share upon any trust and the Company shall not be bound by or be comp
in any way to recognise (even when having notice thereof) any equitable, cont
future or partial interest in any shares or any interest in any fractional part of a
(except only as in these Articles or by law otherwise provided) any other rights i
of any share except an absolute right to the entirely thereof in the registered hoick:
3
I
om
I
,11:)11
CL11.1:,2
,91111)C1', .1
H.: LT',
-17
I'd',
.1,1i -ICC,
I 1 ,,I ,ZC(11 ■
-I the
111%;;2
ttdir
111L‘ (;quister of Members and the Index of lvIcmh..srs shall OL open b) inspection
01111(21111'Ci:;
uuratis.
(b) CERTIFICATE
11'CII‘: person whose name is entered as a Member in the Register shall be entitled
\\ ghoul! payment to one certificate for all his shares of each class, or upon pa% 'tient of
such sum, not exceeding ten rupees for every certificate after the rust, as the Directors
shall from time lo time determine, to several certificates, each foreign or more of his
shares. Every certificate shall be issued within three months after allotment or within
forty five days after the lodgment with the Company of the transfer of the shares unless
the conditions of issue of such shares otherwise provide and shall be under the seal of the
Company, and bear the autographic signatures of one Director and the Secretary, and
shall specify the number and class and distinguishing numbers (if any) of the shares to
kvhich it relates, and the amount paid up thereon. The Directors may by resolution
determine, either generally or in any particular case, that the signature of any Director
may affixed by sonic mechanical means to be specified in such resolution provided that
the use of such means is by such resolution restricted to certificates which have first been
approved for sealing by the Auditors, or Bankers of the Company in writing.
The Company shall not be bound to register more than four persons as the joint
I 7.
holden of any shares (except in the case of executors or trustees of a deceased Member)
and in the case of a share held jointly by several persons, the Company shall not be bound
to issue more than one certificate therefore, and the delivery of a certificate for a share to
any one of the several joint holders shall be sufficient delivery to all
If a share certificate be defaced, lost or destroyed, it may be replaced on payment
18.
of such fee (if ally) not exceeding ten rupee and on such terms (if any) as to evidence and
indemnity and payment of expenses incurred by the Company in investigating titles as
he Dir ectois may think lit.
Whew, under the powers in that behalf herein contained any shares are sold by
10.
the Directors and the certificate thereof has not been delivered to the Company by the
former holder of the said shares, the Directors may issue a new certificate for such shares
distinguishing it in such manner as they may think fit from the certificate not so
delivered.
Subject to the provisions hereinafter set forth any Member may transfer
20.
of his shares by instrument in writing in usual or common form or any other f
Directors may approve.
4
I 1:::\,:,S1'h1R ()I;'`,,i`,,!\‘;
I r ()11.()\,\HNICI 1.:()P.: V1 ()I: IN ANY t5'c;t 1 ,/\_h. Oft Ct)Nii,i() .\
r()
1)1RF.C1()1,̀--;:
FATIMA ENERGY Lii\liTED
o
n
cons
i
del
tio
of
the
:
ni 1 o I . s.
i
of
to inc by
_ shales
(het entailer called the fransferee) do hereby transfer to the transferee standing
to
each and numheied
of Rs
in my name in the books of FATIMA ENERGY LIMITED to hold un to the Transferee,
his executors, administrators, successors and assignee, subject to the several conditions
on which I held the same at the time of the execution hereof, and 1, the Transferee do
hereby agree to take the Share(s) subject to the same conditions
•
As witness our hands, this
day of
, 20
The instrument of transfer of any shares shall he signed by or on behalf of both
the transtemor and transferee and the transferor shall be deemed to remain the holder of
such shale until the name of the transferee is entered in the register in respect thereof.
that the Directors may dispense with the signature on the instrument of transfer
by or on behalf of the It ansferee in any case in which they think lit in their discretion to
21.
do so
The 1)nectors may also decline to recognize any instrument of transfer, unless:
(a) 'I he instrument of transfer is deposited at the office or such other place as the
Directors may appoint accompanied by the ceitilicates of the shares to which it
relates and such other evidence as the Directors may reasonably require to show the
rights of the transfer or to make the transfer.
•
(b) The instrument of transfer is in respect of only one class of shares.
The Directors shall not refuse to transfer any fully paid shares unless the transfer
23.
deed is defective or invalid. If the Directors refuse to register a transfer of shares, they
shall within one month after the date on which the transfer was lodged with the Company
send to the transferee and the transferor notice of refusal indicating the defect or
invalidity to the transferee, who shall after removal of such defect or invalidity be entitled
to re-lodge the transfer with the Company.
There shall be paid to the Company, in respect of the registration of any Probate,
24.
Letters of Administration, Certificates of marriage or death, power of attorne•
n
documents relating to or affecting the title to any shares, such fee, not e
rupees, as the Directors from time to time require or prescribe.
5
111
tegunelation cilthe allonnent
1LeH , 'H.1
,hall tucclir ,2 Ig Due,:!0:s
()H,:uft:
;.!ft •
te
26
All in„tfurchh. of transfer 'Much shall he legistered shall He teiamed
HI
register
shall
te\cept
'ompag,„ hut any insuument which the Directot..; Inay (ICC:1111C to
Ci'■
(2 of fraud) be retuined to the person depositing the same. the Directors ma\
cause to he destro}ed all transfer deeds lying with the Company alter such per iod as Me\
may dLtoinline.
O11 iving seven days previous notice the Register of 1\ilembets nhiv be clo;;ed fo!
27
such pcliod or pet iods not exceedinLi, in whole fairy live in any one year Ilc; the 1
[10111 lime 10 11111e. (hied, but so that the Register shall not be closed for a period longci
that 'linty days at a time.
In case of the death of a Member, the survivor or survivors where the deceased
was a joint holder, and the legal personal representative of the deceased where he was a
sole or the only surviving holder shall be the only person recognized by the Company as
having any title to his intetc:it in the shares, but nothing in this Article shall release the
estate of a deceased joilit holder from any liability in t coped. of any shares jointly held by
him.
The Company shall not be bound to recognize such executors or administrators
unless they have obtained probate or letters or administration from a duly constituted
Coutt iii Pakistan. Pt ovided nevertheless that in any case where the Directors in there
,thsolitte discretion think lit shall he lawful for the Directors to recognize the title of any
person claiming to he entitled to the share, whether in a representative capacity or not and
to dispen,c with production of probate or letters of administration on the production of
such other evidence of title as the Directors may require, and upon such terms as the
indemnity or otherwise as they may think fit.
Any person becoming entitled to a share in consequence of the death or
insolvency of a Member may, upon evidence as to his title being produced as may from
time to time be required by the Directors and subject as hereinafter provided elect either
to he registered himself as holder of the share of or to have some other person nominated
by lulu, registered as the transferee thereof, but the Directors shall in either case have the
same right to decline or suspend registration as they would have had in the case of a
tr ansfer ofthe share by that member before his death or Bankruptcy as the case may be.
If the person so becoming entitled shall elect to be registered himself he shall
1.
deliver or sent to the Company a notice in writing signed by him, stating that he so elects.
I I he shall elect to have another person registered he shall testify his election by executing
to that person a transfer of the share. All the limitations, restrictions and prov
sy,
t
15se-4/o,"
these Articles 'elating to the right to transfer and the registration of transf
Gam'
shall be applicable to any such•notice or transfer as aforesaid as if the deal] • pan t
or a Member had not occurred and the notice of transfer were a transfer 4.ign$Elf
c('D
Membei.
1(
sc,
6
b\ I aw 1d,H)
A pusoli beu inn L.T tittcd to tt
plu
i;i0p ,of these At ;,,;!c-,
the
co mplyin,
In
h u ld e r
hmi.1 Oiler advanta;tes to which he would have been c,te.1
thin SMI ) C \ dends
istered holder of the Aare. Provided always Mat the !Meet:it.; 'Ha,' at
the ett,
c notice requiiiiit; any such person to elect either to be tegistercd him:it:110r to tiansIni
the shale and its the notice is not complied with within ninety days the Dili:dors mav
or other money payable on or in ie.tpect
theteatler withhold payment of all dividends
the share until the requirements of the notice have been complied with.
A person entitled to a share by transmission shall be entitled to tect.'ive and m.ty
33.
dividends or other moneys payable in respect of the shale.
uive a discharge for any
(c) BORROWING POWERS
34.
The Directors may,
from time to time, borrow or raise any sums of money for and
on behalf of the Company from any person or persons, firms, banks, companies.
they may themselves advance moneys to the Company
corporation or any other body Of
on such terms that may be agreed upon by the Directors after the commencement of
business.
may borrow or secure the repayment of such sum or sums in any
35.
The Directors
36.
Debentures., debenture
manner and upon any terms and conditions in all respect as they think tit.
stocks, bonds, PTCs and other securities issued by the
Company may he made assignable free from any equities between the Company and the
1)01 500 in whom the Sallie may be issued.
zt to Section 120 of the Ordinance, debentures, debenture stocks, bonds,
Subjc,
37.
l'ICs or other securities may be issued at discount, premium or otherwise and with any
special privileges as to redemption, surrender, drawing, allotment of shares, attending,
and voting at General Meetings of the Company, appointment of Directors or otherwise
as ma; be permissible by law.
The Directors shall cause a proper register to be kept in accordance with Section
5
135 of the Ordinance of all mortgages and charges specially affecting the property of the
Company, and shall duly comply with the requirements of the Ordinance in regard to the
registration of inortgages and charges.
IF the Directors or any of them or any other person shall become personally liable
39.
for the payment of any sum primarily due from the Company, the Directors may execute
or cause to be executed any mortgages, charge or security over or affecting the whc
any part of the assets of the Company by way of indemnity to secure the D
persons so becoming liable as aforesaid from any loss in respect or such liab
(d) INCREASE AND REDUCTION OF CAPITAL
The Company in General Meeting may from time to time by Spec.,
40.
increase the Capital by creation of new shares of such amount as ma
expedient. The new shares shall be issued upon such terms and conditions an
7
;1)1 ,
t 11,21 Ct.° ',1±; 111,2
1
I 1 "111 , ,t11 ■
date;
CI.. 'lit
and m
)itecnit,
1 ' 110 direction be i\ en, as
ducat
t11k:t ,201
restrictions
or
limitations
al
tectim.
the initial Capitai presciiHd
pal ticular sOiect to ani,,
by the Memorandum. Any Capital raised by ti Cl cation Of 'ley\ sharcs shall he
consideted as part of the original capital in all icspects so hir as may be and shall be
subject to tie Ibiegoing provisions with reFerence to the 110nsicr and transmission, unless
it ma', be otherwise resolved upon by the General Meeting sanctioning the inelease.
All new shares shall before issue be offered to the Members of the CollIptily in
11.
piorirtion as nearly as the circumstances admit, to the account of the existing shares held
f ing the number of shales
by each [Member. The offer shall be made by notice spccif ■
offered and I mitint a time within which the offer, if not accepted will be deemed to be
&Limed and alter the expiration of that time, or on the receipt of an intimation from the
person to whom the offer is made that he declines to accept the shares oared, the
Directors may dispose of the same in such manner as they think most beneficial to the
Company.
The Company may from time to time and subject to any incident authorised and
42.
consent ICCIUll ad by law, by Special Resolution reduce its Capital by paying off Capital or
canceling Capital which has been lost or is unrepresented by available assets or by
'educing die liabilit'; on the shares or otherwise as may seem expedient and Capital may
be paid off upon the looti lig that it may be called up again or otherwise.
(e) CONSOLIDATION AND SUB-DIVISION OF SHARES
43
The Company n lay by Ordinary Resolution:-
(a)
Consolidate and divide its share capital into shares of a larger
siciiignination than its existing shares.
(b)
Sub-divide its existing shares or any of them into shares of smaller amount
than is fixed by the Memorandum of Association subject nevertheless, to
the provisions of clause (d) of sub-section (I) of section 92 of the
Ordinance.
(c)
Cancel any shares, which, at the date of the passing of the resolution, have
not been taken or agreed to be taken up by any person.
IV MEETINGS
- ,N,
R eg s"t■
or:N
r ..-4,-- ,,
(--- a
(a) GENERAL MEETINGS
, 3-.V4-{.
4, ' .;;!"
Meeting
of
the
Company
shall
be
held
within
the
period
requi
.fib y.",.4, , "1,
The Statutory
44.
,,
,, ■
/4
‘'...
. c,;,,,,,;_,,o,'':,"
Section 157 of the Ordinance.
A General Meeting of the Company shall be held once at least in every calendar
45.
year at such time and place as may be determined upon by the Company in General
8
I .2[2 1 Il [,), ()I 1[1 [1:1;1 tIl It 01 I t 11 y :1.1[2.11 CICtCiill111 tirl!1
~I~k 'CIl
)11
kri,
)(11
' I IL:
H
),
[ [
It
month-, shall elapse bemcen any two such inceJiat2s.
fheabove-meutioned General Meeting shall be called Ordinal, k
-16.
other ( letieral Nleetings shall be called Extraordinary.
The Directors may whenever they think lit, call on Extraordinary General
47.
Meeting. Extraordinary General Meeting shall also be called on such requisition, 01 in
default, nay be called by such requisitionists, as provided by Section 159 of the
(ll dinance.
(h) PROCEEDINGS AT GENERAL MEETING
Subject to the provisions of sub-section 36(1) of section 2 of the Ordinance
relating to special resolutions, twenty-one day's notice at least (exclusive of the day on
which the notice is served or deemed to be served, but inclusive of the day for which the
notice is given) specifying the place, the day and the hour of meeting and, in case of
special business, the general nature of that special business, shall he given in the manner
hereinafter mentioned, or in such other manner, if any, as may be prescribed by the
Company in General Meeting, to such persons as are, under the Ordinance or the
regulations of the Company, entitled to receive such notice from the Company. With the
consent of all the Members entitled to receive notice, of some particular meeting that
meeting may be convened by such shorter notice, and in such manner as those Members
may think fit.
All business shall be deemed special that is transacted at an Extra Oidinaiy
II').
Meeting, and all that is nansacted at an Ordinary Meeting with the exception of
sanctioning a dividend, die consideration of the accounts, balance sheet and the ordinary
reports of the Directors and Auditors, the election of Directors and other officers in the
place of those retiring by rotation, and the appointment of Auditors and fixing their
remuneration.
Die accidental omission to give any such notice to or the non-receipt of any such
50.
notice by any of the Members shall not invalidate the proceedings at any meeting.
No business shall be transacted at any General Meeting unless a quorum of
51.
members is present at the time when the meeting proceeds for business. Save as herein
otherwise provided, two (2) Members present personally representing not less than 25%
of the total voting power, either of their own account or as proxies shall be a quorum.
If within half an hour from the time appointed for the meeting a c
52.
present, the meeting, if called upon the requisition of Members, shall be d
oilier case it shall stand adjourned to the same day in the next week in tl
place and if at the adjourned meeting a quorum is not present within h
the time appointed for the meeting, the members present being not less t
a quorum.
9
I he (.11w;inaii.
ain„, (JC 111 PJoald
,̀\ iceting 01 tli2 Coinh,in\ II there 1s a ;`,;LII f_.1,1",,r, I'„ 0 ∎ •
iJL ,I11\
_'',(20L \whin fifteen ;ninnies after the bilge appointed no holding the kr:cling,
uin 111 1. 11,2, to 'Act LI; C11",00,11all, the 1-.)iicctors present shall Choose 00,2 Or thIL 111'„1110CiS
he the Chairman
to
The Chairman may \A nil the Consent of any meeting at \\thick( a quorum is present
(q u id shall if so dimmed by the meeting), adjourn the meeting from time to time and from
plaee to place but no busines-, shall be transacted at any adjourned meeting otltet than the
business left unfinished at the meeting from which the adjournment took place. When a
meeting is adjourned for ten days or more, notice of the adjourned meeting shall be given
as in the case of an original meeting. Save as aforesaid, it shall not be necessary to give
any notice of an adjournment or of the business to be transacted at an adjourned meeting.
55.
At any Genet at Meeting a resolution put to the vote of the meeting shall be
decided on () show of hands, unless a poll is (before or on the declaration of the result of
the show of hwuts) demanded, in accordance with the provisions of Section 167 of the
Old
and unless a poll is so demanded, a declaration by a Chairman that a resolution
has, on a .,Ilovv (Jr hands, been carried, or carried unanimously, or by a particular majority,
or lost, and an enti y to that effect in the book of the proceedings of the Company shall be
conclusive evidence of the tact without proof of the number or proportion of the votes
ieef )rded 111 favour of or against that resolution.
56.
If a poll is duly demanded, it shall be taken in the manner provided in Section 168
of the Ordinance, and the result of the poll shall be deemed to be the resolution of the
meeting at which the poll was demanded. A poll demanded on the election of a Chairman
of on question of adjournment shall be taken forthwith, a poll demanded on any other
question shall be taken at such time as the Chairman of the meeting directs.
57.
Fhe books containing minutes of proceedings of General Meetings of the
Company shall be kept at the Registered Office of the Company and shall during the
business louts (subject to such reasonable restrictions as the Directors may from time to
lime or the Company in General Meeting impose) so that not less than two hours each
cla, be allowed for inspection be open to the inspection of any member without charge.
(c) VOTES OF MEMBERS
55.
Subject to any special rights or restrictions as to voting, upon which any shares
may be held, every Member present in person or by proxy (or being a corporation present
by a representative) on a show of hands shall have one vote and on a poll shall have one
vote in respect of each share held by him.
59.
Subject to the provisions of these Articles, votes may be given eith
by proxy but no corporation which is a member of this company shall v
long as a resolution of its directors under Section 162 of the Ordinance au
its officers or any other person to act as its representative at any meeting o
shall be in force.
10
.,()
1H in .nunicrl appointim; a piw,y shall 1)e. in
lmn , nrid,.:1 111,2 hiLli,,1 ,at ,
apnoiwel mi of hi ., ; attorn• dub, authorised ill '',. riliftj,
!I Ow appoints:r t ‘', a corpo;auon
eillici undLi ti-r.: conunon seal or wider the hand ()Ian 01lit2ei :ii attorney '';() Mit 1101ISA'.
61.
Where time
loint holders 01 any share, any one such person may vote at a11\
meeting either personally or by proxy in respect of such shares as if he were sold\
entitled thereto; and if more than one of such joint holders be present at any meeting
aim personally or by proxy; the vote of the senior who tenders a vote, whether in
person ot by proxy, shall be accepted to the execution of the Votes Or the other holders
and for this purpose seniority shall be determined by the order in which the names stand
in the 1<ei,ister of Members.
6).
A member of unsound mind, or in respect of whom an order has been made by
any Court having jurisdiction in lunacy, may vote, whether on a show of hands or on a
poll, by his committee or other legal guardian and any such committee or guardian may,
on a poll, vote by proxy.
•
63.
Any person entitled under these Articles to transfer of any share may vote at any
General Meeting in respect thereof in the same manner as if he were the registered holder
of such shares. Provided that 72 hours at least before the time of holding the meeting at
which he proposes to vote he shall satisfy the Board of his right to transfer of such shares,
unless the Directors shall have previously admitted his right to vote at such meeting in
tespect thereof.
64.
Any Corporation which is a Member of the Company may by resolution of its
Directors or oilier governing body authorise such person as it thinks fit to act as its
epresentative at any meeting of the Company and the person so authorised shall be
entitled to exercise the same powers on behalf of such corporation as the corporation
could exercise i f it were an individual Member of the Company.
No person shall he appointed proxy who is not a Member of the Company or is
65.
not qualified to vote, save that a member of the Company being a body corporate may
appoint any person to act as its proxy provided that a person who is not a member of the
Company may he appointed as Attorney for the purpose of signing any proxy under the
provisions of Article 60.
The instrument appointing a proxy and the power of attorney or other authority (if
66.
any) under which it is signed or a notarially certified copy of that power or authority shall
be deposited at the Registered office of the Company not less than forty-eight hours
before the time for holding the meeting at which the person named in the instrument
proposes to vote, and in default the instrument of proxy shall not be treated as valid.
A vote given in accordance with the terms of an instrument of proxy shall be valid
67.
notwithstanding the previous death of the principal or revocation of the proxy
PreVt'°
attorney or transfer of the share in respect of which the vote is given unless etimiltMlare
in writing of the death, revocation or transfer shall have been received r
'‘c
Company at least twenty four hours before the meeting.
a
11
o 11
%, 1
,,1 11 111 ,2 1 Lt
'1 :
iu a hi :11 the Diice
1 1 ' 111,..11:
111 1c1 11 1 ) .1 ■
1011o
[ 11
111 ,.111 •
sl kill .‘t I-, pro c
6''A I IMA Eh', ERG 1,i Al l
l
a member of FATIMA Ir,NEItCY LIMITI, ',I) appoint -------•- I / \\'I'1
as my proxy for vote and act Hi
of
whom failing
of
me and on my behalf at the Annual /Extraordinary General Meeting (as the ease may he)
, 20---- and at every adjournment
day of
of the Company to be held on the
thereols
dated this
day of
:•)ujnature
Addiess
V. DIRECTORS
(a) APPOINTMENT OF DIRECTORS
Jii1(2ss otherwise determined by the Company in General Meeting the number of
69.
Ditcrtol,shall not be less than three.
The c1libscribets to the Memorandum and Articles of Association shall be the first
10.
lireLtors of tile Company who shall hold the office till the first Annual General Meeting.
A Director who is about to leave or is absent from the district in which meetings
71.
of the Directors are ordinarily held may with the approval of the Board appoint any
person (including another Director) to be an Alternate Director during his absence.
Provided that such absence shall not be for less than a period of three months, and such
appointment shall have effect and such appointee, whilst he holds office as the alternate
Director shall be entitled in place of his appointer to exercise all the functions of his
appointer as a Director of a Company but he shall ispofacto vacate office when his
appointer returns or vacates office as a Director or removes the appointee from office,
any appointment or removal under this Article shall be effected by notice in writing under
the hand of the Director making the same.
A casual vacancy occurring in the office of a Director may be filled up by the
72.
Directors if the majority of the Directors concur in the appointment but the person so
chosen shall be subject to retirement at the same time as if he had become a Director on
the day on which the Directors in whose place he is appointed was elected a Director.
12
iThcctuf
L
!'uldtP)c
die
71.
L 11
to 1;1,_..
in the
alne.
He Th
p:
1' ;A
m:
f 11
continuing- Directors may act notwithstanding any vacancy in Men body, hut
numher is reduced below the minimum above fixed, they may then act in
emergencies or for the purpose of filling up vacancies in their body or summoning a
Gcnct l',
Iceting of the Company and they may so act notwithstanding Me absence or the
lieccs:,a; ■
,, quorum under the provisions of Article 87.
1 he office of the Director shall be vacated ispolacto on the grounds specified in
;-4.ction 188 of the Ordinance and in addition:
(a).
If removed by the resolution of Members as hereinafter provided;
(b).
I. by notice in writing given to the Company he resigns his office.
76.
Subject to the restrictions imposed by these Articles and the Ordinance and the
obsei Vallee and fulfilment thereof,
no Director shall be disqualified from his office by
contracting with the Company either as vendor, purchaser, agent, broker or otherwise, nor
shall any subcontract or arrangement entered into, by or on behalf of the Company in
which any Director is inteicstcd be avoided; nor shall any Director contracting or being
so interested be liable to account to the Company for the profit realised from such
contact or arrangement by reason only of his holding that office or the fiduciary
relationship thereby established, but the nature of his interest must be disclosed by him at
the meeting of the Board at which the contractor or arrangement is determined, if his
interest then exists, or in any other case at the first meeting of the Board after the
acquisition of the Board alter the acquisition of his interest .
77.
•
No Director, shall, as a Director, vote in respect of any contract or arrangement in
which he is either directly or indirectly concerned provided however that the Directors or
any of them may vote on any contract of indemnity against any loss which they or any
one or more of them may suffer by reason of becoming or being sureties or surety for the
Company. A general notice that any Director or Member of any specified Company and
is to be regarded as interested in any subsequent transactions with such firm or Company
shall be sufficient disclosure under this Article and after such general notice it shall not
be necessary to give any special notice relating to any particular transaction with such
film or Company.
78.
A Director of this Company may be or become a Director of any Company
promoted by this Company, or in which it may be interested as a vendor, shareholder or
otherwise and no such Director shall be liable to account for any benefit received as
Director or Member of such Company.
Regist,
L'shOre
C4
79.
The Company shall not make any loan or guarantee any loan mad
of the Company or of a firm of which such Director is a partner or to priv' c*,,co which such Director is a Diector.
13
(h)
RET110i'2,1F.,`-:;
me election of Directors shall be held evely thud scar at the Annual Geneial
t;()
Meiling in accordance with Section 178 of the Companies Ordinance, 1984 A Director
elected shall stay in office for a period of three )'ears unless he earlier resigns or ceases to
he a Director under the provisions of Article 75.
All elected Directors shall retire from oftiee at the Annual Genet al Meeting held
8I
every thild vein A Director wining at a Meeting shall retain office until the dissolution
of that Meeting.
A relit 'nit Director shall be eligible for re-election.
82
The Company may from time to time by Extra ordinary Resolution increase or
83.
reduce the number of Directors.
The Company may by Extra Ordinary Resolution remove any Directors before the
84.
expiration of his period of office notwithstanding any thing contained in these Articles or
in any Agreement between the Company and such Director, provided that the Resolution
shall not be deemed to have been passed if the number of votes that would have been
necessary tot the election of a Director at the immediately preceding election of
Director s
The Company may by Ordinary Resolution appoint another person in place of a
5.
Directo► removed from office under the immediately preceding Article, and without
prejudice to the powers of the Directors hereinabove provided the Company in General
Meeting may appoint any person to he a Director either to fill a casual vacancy or as an
Additional Director. A person appointed in place of a Director so removed or to fill such
vacancy shall be subject to retirement at the same time as if he had become a Director on
the day on which the Director in whose place lie is appointed was last elected a DirectoL--,
,f74?,* Lahore °/>\
0
(c) PROCEEDING OF DIRECTORS
The Directors may meet together for the dispatch of business, a
80.
otherwise regulate their meeting, as they think fit. Questions arising at any me
be decided by a majority of votes. A Director may and the secretary on the requis
a Director shall, at any time summon a meeting of the Directors. It shall not be necessary
to give notice of a meeting of Directors to any Director for the time being absent from
I
i stan
The quorum necessary for the transaction of the business of the Directors shall be
87.
a majority of the Directors for the time being in office
The meeting of Directors at which a quorum is present shall be competent to
exercise all or any of the authorities, powers, and discretion by or under these Articles for
the time being vested in or exercisable by the Directors generally.
14
,,
lie DireCiOr, 111:11' elect ()IIC of dieir member to he The Cla11111.111 ol
(11,1,1111,111
nid detei 'nine the period iot wind! he r, to hold office, but
fid(cti alter the
el,;eiLd, or if at any meeting, the Chan n.rt r,not plesent within Illiced
•.oilie
one among
tune appointed for holding the same dle I )11CCil)1:-; pie:,ent shall choo
themselves to be Chairman of such meeting,. "I he office of the Chaititi,111 may be tilled by
';C)
any Director.
The Directors may delegate any OF then powers to committees consisting of such
90.
members of their body as they think fit. Any committee so formed shall in the exercise of
the powers so delegated conform to any regulations that may he imposed on it by the
Directors.
a Committee
Unless a Chairman of the Committee is designated by the Dimce.ors,
T
91.
elected or
may elect a Chairman of its meetings and if no such Chairman is desiptiated or
meeting the Chairman is not present at the time appointed for holding the saiiic,
the Members present may choose one of their member to be ( 'hairman of the meet
if at any
A Committee may meet and adjourn as it thinks proper. Questions arising at any
meeting shall he determined by a majority of votes of the Members present. The quorum
fora meeting of a Committee unless otherwise determined by the Directors, shall be a
majority of the Committee.
any meeting of DirectorS or a Cemmittee of Directors or by any
All acts done by
93.
Director, shall notwithstanding that it be afterwards discovered that
person acting as a
there was sonic defect in the appointment of any such Director or person acting as
were not
aforesaid, or that they or any of them were disqualified or had vacated offices or
as valid as if every such person had been duly appointed and was
entitled to vote be
qualified amid had continued to be Director and had been entitled to vote.
previously circulated in writing to all Directors and passed without
A Resolution
and signed by majority of the Directors, for the time being
meeting
of Directors
any
94.
entitled to iceeive notice of a meeting of the Directors, shall be as valid and el fectual as if
of Directors duly convened and held and may consist of
it had been passed at a meeting
in like form each signed by one or more of the I )irectors
several documents
(d) MINUTES
95
The Directors shall cause minutes to be duly entered in books provided for the
purpose:
(a)
Of the names of the Directors present at each meeting of the Directors and
of any Committee of Directors.
(b)
(c)
Of all orders made by the Directors and Committee of the Directors.
rr
Reg!str-„
kog,94),)
Of all resolution and proceedings of General Meetings a
0
the Directors and Committee.
15
'1()
Ill111UH-;
!'■
`,1;:ji:2(1 NV 1N -2 ChL;;HN:;p,
h\ the
ho shall p.-2sid•2
Chairnvat
thc next ,, ucccedinp, 11)02j11", ;Ind
■
111111.1iC: 1 11_11.1)01 te(l to he so slimed shall for all puyo:,cs vimtsoever
ona
H
deuce of the actual IN.Issing of the resolutions recorded, and the actual and teLnii,m
tr.Insaction or occurrence of the proceedings so recoided and of the rquilarity of thr:
meeting at which the same shall appear to have taken place.
(c) REMUNERATION OF DIRECI'oRS
97.
The reintinei allot] of a Director for attending meetings of the hoard shall not
e\ceed Rs. .500 (Rupees live hundred only) lot each meeting attended by him.
9X.
The Directors may repay to any Director all such reasonable expenses as he may
incur iil attendlni: and returning from the Meetings of the Directors, or Committee of
)ireetois, or r‘hich lie may otherwise incur in or about the business of the Company.
•
If any Director being. willing shall be called upon to perform more services or to
99.
ihafe ally ;Tech!! exertions for any performances of the Company, he may he given such
additional remuneration in the Corm of a fixed sum as may be determined by the
Company in Gencial Meeting. All the Directors shall be entitled to he paid any travelling,
of other expens•s incurred in connection with the business of the Company.
(0 POWERS OF DIRECTORS
100.
The business of the Company shall be managed by the Directors, who may
exercise all such power; of the Company as are noted by the Companies Ordinance, 1984
or any statutory modification thereof for the time being in force, or by these Articles,
equired to be exercise by file Company in General Meeting subject, nevertheless, to any
iegulations of these articles, to the provisions of the said Ordinance, and to such
legulations being not inconsistent with the aforesaid regulations or provisions, as may be
prescribed by the Company in General Meeting; but no regulations made by the
Company in General Meeting shall invalidate any prior act of the Directors which would
have been valid if that regulation had not been made.
I I.
Without prejudice to the general powers conferred by the last preceding Article
and to any other powers or authorities conferred by these presents on the Directors, it is
hereby expressly declared that the Directors shall have the following powers, that is to
powers:
(1)
To reimburse the cost, charges and expenses preliminary and incidental to the
promotion, formation establishment, and registration of the Company.
(ii)
to purchase or otherwise acquire for the Company and property, rights or e.
eg. ,tra t4..
vkiS
privileges, which the Company is authorised to acquire at such price L
Lahore-',9 0
generally on such terms and conditions as they think fit, and subject t
).....,--,,,,,
-,---..----:,
.. --„,_
, .,,s
-o
provisions of section 196 or the Ordinance to sell, let exchange or othe
'
dispose of absolutely or conditionally, any part of the property, privilege
16
pledge. livpotheeatt.s, any propcn of the Comp
ichting
2 or do.iiiin,‘Iits terdt- 011H -t
)!;C\ 01
t'r 5 lv 111■
make ai.kiniees, deposits OF
persons upon such security or with out security as they May think fit and guierdlly
to direct, manage and control the moneys and funds of the Company and keeping
of accounts of the Company.
(\xii) To open accounts with any bank or bankers or with any Company, rum or
individual and to pay into and withdraw money from such accounts from (ine to
time.
(xxiii) To insure the property, movable and immovable, of the Company.
(xxiv) To institute, tile, prosecute and defend any suit, appeal, revisions, review or any
other legal proceedings and appear for and on behalf of the Company in any Court
of .Justice, Civil, Criminal or Revenue, before any executive, judicial, municipal,
provincial, revenue, police, postal, excise, custom, transport, income tax or other
officer's authorities in any action or matters in which the Company is interested
and to promote, prosecute, safeguard or defend its interests.
(xxv) To sign and verify plaints, written statements, petitions, compromises,
muktitarnamas, vakelatnamas, authorising legal practitioners to act on behalf of
the Company in all courts, Civil, Criminal or Revenue.
(xxvi) To appoint any person or persons to be attorney or attorneys of the Company for
such purposes and with such powers, authorities and direction and for such
pei lock and subject to such conditions as they may from time to time think lit, and
to revoke such powers at pleasure.
(xxvii) To make, draw, endorse, sign, accept, negotiate and give all cheques, bills of
lading, drafts, orders, bills of exchange, Government of Pakistan Securities and
other Promissory Notes and other negotiable instruments required in the business
of the Company.
(xxviii)To raise or borrow or secure the payment or payments of any sum or sums for the
purposes of the Company in such manner and upon such terms and conditions as
they think fit and in particular by the issue of debentures, debenture-stock or other
securities charged upon all or any part of the property of the Company, present or
future.
102. The Board shall cause a proper register to be kept in accordance with the
provisions of the Ordinance of all mortgages, debentures and charges special affecting
at
the property of the Company and shall cause the requirements of the
behalf to be dully complied with.
Laho7
19
t)',
Pi: OIL:etc)! ; H1,11 ;,t_thiect to
pitovHion:;
( ion 1 t)'t
(t‘)
uidurimi
o n mr Ihcir bouic,-; o he the ( Thel to_tct.ti
e".. the Conn-JP:, 111
11M11 `,11L111 VC:-,t the powers 111;1 ilinetions in
relai ion to da IIN,in;_P',Cillent ;Ind
:k_1111111 1,;t1jr1011
.
of the affairs of the Company subject to the Lictieral supervision and
conhol of Directors.
I (', 1
1 he C'l lief rxceuti ye shall hold office on such Icons as the Directors nay
ileicimin c and shall bo appointed for a period of duce ;,ears.
relirernelli he shall he
Ho
VI 1. TILE SEAL
1
The Diteetors
shall provide a Common Seal for the purposes of the Company and
shall have power from time to time to destroy the same and substitute a new seal in lieu
thei col and the Directors shall provide for the safe custody of the Seal.
106.
The Seal of the Company shall not be affixed to any instrument except by the
authority of a Resolution of the Board of Directors and save as provided in Article 18 by
a Director who shall sign every instrument to which the seal of the Company is so affixed
in their presence.
VIII. DIVIDENDS AND RESERVES
107. The Company in (ieneral Meeting may declare dividends, but no dividends shall
exceed the amount recommended by the Directors.
OS. Directors may from time to time pay to the members such interim dividends as
appear to the Director to be justified by the profits of the Company.
I
109.
No dividend shall be paid otherwise than out of profit.
110. Subject to the rights of the person (if any) entitled to shares with special rights as
to dividends, all dividends shall be declared and paid according to the amounts paid on
the shares, but if and so long as nothing is paid upon any of the shares in the Company,
dividends may be declared and paid according to the amounts of the shares. No amount
paid on a share in advance of calls shall, while carrying interest be treated, for the
purposes of this Article, as paid on the shares.
111. The Directors may, before recommending any dividend, set aside out of the
profits of the Company such sums as they think proper as a reserve or reserves which
shall, at the discretion of the Directors, be applicable for meeting contingencies, or for
equalizing dividends, or for any other purpose to which the profits of the Comte.0.0„-be properly applied and pending such application may, at the like discr
employed in the business of the Company, or be invested in such invests
shares of the Company) as the Directors may from time to time think fit.
e,1
ttiin
20
1
p
CITCCHWI
1 1 3.
reLusteted "&,,01111 h01.1...1.i of ,'Ail:,
fur any Eli ictaii
the :That-cs.
;1'; ',lye
one
`;office of any dividend that may h a ve been declared shall be given itl nntinet
herein:titer mentioned to the peisons entitled to share therein.
114.
No dividend shall bear interest against the Company.
115. A transfer of shares shall not pass the tight to any dividend declared thereon
before the registration of the transfer.
116. Unless otherwise directed, any dividend may, if the Directors so think lit, be paid
by cheque or warrant sent through post to the registered address of the Member or person
entitled or in the case of joint holders to the registered address of that one of them first
named in the Register in respect of the joint holders. Every such cheque or warrant shall
be made payable to the order of the person to whom it is sent. The Company shall not be
liable or responsible for any cheque or warrant or transmission or for any dividend lost to
the Member or person entitled thereto by the forged endorsement of any cheque or
warrant or the fraudulent recovery by any other means.
117. All, dividends unclaimed for one year after having been declared may be made use
of by the Directors for the benefit of the Company until claimed.
118. Any General Meeting sanctioning or declaring a dividend in terms of these
Artie_ es may dit,-et payment of such dividend wholly or in part, by the distribution of
specific asset'r, and in particular by paid up shares, debenture-stock of the Company, or
any other Company, or in any one of such ways and the Directors shall give effect to such
direction and where any difficulty arises in regard to the distribution they may settle the
sonic as they think expedient and in particular may issue fractional certificates and may
fix the value for distribution of such specific assets or any part thereof and may determine
that such payment shall be made to any Members upon the footing of the value so fixed
in order to adjust the rights of all parties and may vest any such specific assets upon trust
for the persons entitled to the dividend as may seem expedient to the Directors. Where
requisite, a prior contract shall be filed in accordance with Section 73 of the Ordinance,
and the Directors may appoint any person to sign such contract on behalf of the persons
entitled to the dividend and such appointment shall be effective.
119. Any General Meeting declaring a dividend may make a call on the Members of
such amount as the meeting fixes, but so that the call on each Member shall not exceed
the dividend payable to him, and so that the call be made payable at the same time as the
dividend and dividend may, if so arranged between the Company and the Members, be
set off against the call.
IX. CAPITALISATION
112. The Company in General Meeting may upon the recommendali
resolve that it is desirable to capitalise any part of the amount for the
1, 4.
te)
'
21
cio,ht
MI':
oi(i111 a!!,1 !!)•,`
11 111 1,', (1(2111!11, 11 I!!`
10n )'1!II
:Its! IR!!
!!,
I 1
1,_»!!!!
! !III!!
:1 111011!
!
0111(1
,2111111,'d 11 1c21:210 11'111C
1:d11!!' 'OC1C d0,1III)IIIC!I 10\ '\ ■
0( illy
11)
1 ,1 0;10'110W; 0:1 00iid111011111;11
;„11110 I-1c not paid in
111It
h.
kly
i
i
ir.2d
lip 111
:, 111Al'is:I 01 dCbC1111110:-I
C0111p.I.111:. i11 LC
Jr
cic(111(2(1 ;1,‘,
paid up, to and ankmvst such tviyinhcp,-; ill (Ile prop)ilion dhin",aid,
11 1
\‘;1y am partly in oilier and fho {)11- CCI)1': shall
crICCI In Si
,11
12 1
Whew:\ er such a IC:Mkniull as aloicsaid shall have Noon passed the
shall make all ,'
ippiopiiations and :ipplieations of the undividod
capilahsed iherel)y, and all allotments an issue of fully paid shales or dehennnes, it an)
gencially shall do all acts and things lequilvd to give clfoci !hewn), with kill p(r
,.
to the ()Hectors to nlal.c such provision by payment in cash or oiher
■
vise
they think HI
In tic Ca'iC of shales or dehentnres becoming distrihulahle and also to ilitliotise ;Inv
nelsons to enter oil behalf ()fall the 1\1 7,
1bers entitled thereto into and apt cement with the
Company providing fbr the allotment to them respectively, credited as fully paid up, of
any 111111CI
or debC1INIICS to which they which may he entitles upon such
■
_apitalization
ill!) cement madc by such audio' ily shall he effective and binding
on all such f\lentheis.
X. ACCOUNTS
I IP:
'>I1.111 cause to ho kept proper books of accounts with lespect to --
All ylins of molicy received and expended by the Company and the mallets in
1•Cipldt of which the receipts and expenditure Pike place.
All sales and purchases of goods by the Company.
The assets and liabilities of the Company.
123.
The Rooks of Accounts shall be kept at the Registered Office of the Company or
:0 such place as the Directors shall think lit and shall be open to inspection by the
Directors during the business hours.
124.
The Chief Executive or Secretary shall from time to lime determine whether and
to what extent and at what times and place and under what conditions of regulations the
accounts and books of the Company or any of them shall be open to inspection of
Members not being Directors and no Member (not being a Director) shall have any right
or inspecting any account book or document of the Company except as conferred by law
or authorised by the Directors or by the Company in General Meeting.
125.
The Directors shall as required by Section 233 and 236 of the Ordina
be prepared and to be laid before the Company in General Meeting such
, rifit_iii961-joi,%(;\
accounts, income and expenditure accounts, balance sheets and reports, .`refeisfr..,
*ticAu in
those sectioiki.
0
22
S
- %If
.L101°
-C
Ociore the C , )1n1',1, -, la
lance Sheet shall be made Out evei,
he
i he
1
iendi al Meeting made up to a date not more than four months helOrc such
1)Lllauee sheet shall he accompanied by a repo'', of the Dacctors as the Hate of the
Company's allans. and the amount (if any) which they propose to carry to reset% c Fund.
ction
ferred to in Se gross
the prulit and loss account shall in addition to the matters re
th
127
:31 of the Ordinance so arranged under the most convenient heads, e amount of ount
e am
s, a
income distinguishing the several sources from which it has been derived
th
ndes and other
a lari
distinguishing the expenses of the establishment,
shall be h iough t
cross expenditure
ar's i
like matters. All expenditure fairly chargeable against the yencome
beforet he meeti ng and,
fi t and loss may be laid
balance
of
pro
into account so that a just
ributed ver several
expenditure which may in fairness be distitem
in case where any items ot.
shalol be stated,
has been incurred in any one year the whole amount of such
years
with the addition of the reasons why only a portion of such expenditure is charged against
the income of the year.
128. A copy of the balance sheet and report shall, not less than twenty-one days
previous to the meeting, be sent to the persons entitled to rceeive notice of General
arc to be given as provided hereunder.
Meetings
Meetings in the manner in Nvhich notices
. .
230
with the provisions of Section
comply
shall
in
all
respects
The Directors
129.
cations thereof for the time being in for a~1 Lahore
236 of the Ordinance, or any statutory modi fi
•
XL AUDIT
0 2
Auditors shall be appointed at each Annual General meeting. Their appo
130.
remuneration, lights and duties shall be regulated in accordance with Sections 25
Chartered Accountants, shall
of the Ordinance. Messers Flamed Chaudhri & Co.,
first Auditors of the Company who shall hold office till the first Annual General Me
XII. NOTICES
•
h
eceive
entitl
131. A notice may be given by the Company to any persore stored
s
In
sane
ed to
r ress.
ad
ng
notice either personally or by sending it by post to him to h is
mail to the
of a shareholder resident outside Pakistan, notices shall be sent by Express Air in Pakistan
shareholders registered address and also copy shall be sent to any address
supplied by such shareholder for the purpose.
Where a notice is sent by post, service of the notice shall be deemed to be effected
d, un less
containing the notice, anou
132.
by properly addressing, prepaying and posting a letter
et w ld have
the lter
the contrary is proved, to have been effected at the time at
been delivered in the ordinary course of post to the shareholder's registered address.
given by the Company to the joint holders of a share by giving
A notice may be
133.
the notice to the joint holder named first in the Register in respect of the shares.
A notice may be given by the Company to the persons entitled to a share in
134.
consequence of the death or insolvency of a Member by sending it through the post in a
23
(7)\
IL'
tit,: title
Hepaal letter addiessed t , ' lhem H !lame or
iption
at
the
addle_
„
(it
an\
)
111
)
i
ke
d
dece,tsed, or assignees of the in:;01\eni 01 by anr
such
Paldstan ,;applied for the put poses be the pets.)ns claiming to be su entitled, (11
the notice in any manner in which the same
supplied) 111.'
111;
WI
might I nn e been given if the death or insolvency had not occurred.
;tilHect to the provision:; of the Ordinance any notice (oihei than notice of ;I
(iencial Meeting or Directors Meeting) required to be given by the Company to the
members or ;my of them and not expressly provided for by these presents shall be
:,ulliciently given if given by advertisement in one daily liatglish and one daily vcrnacult \ silver Ldiculating in Pakistan.
ne■
I3(B.
I',very person, who by operation of law, transfer, or other means whatsoever, shall
become entitled to any share, shall be bound by every notice in respect of such shale
which, previously to his name and address being entered on the Register, shall have been
duly given to the person from whom he derived his title to such shares.
137. Thc signature to any notice to be given by the Company may be written or
printed.
XIII. INDEMNITY
•
138. Subject to the Pros ision of Section 194 of the Ordinance every Director, Manager
dud other officer or servant of the Company shall be indeninified by the Company
against, and expenses, which any such officer or servant may incur or become liable to by
reasons of any conti act entered into, or act or thing done by him as such officer or servant
or in any way in the discharge of his duties including travelling expenses and in
particular, and so as not limit the generality of the foregoing provisions, against all
I 'all i I it ies incurred by him as such Director, manager, officer or servant in defending, any,
proceedings, whether civil or criminal, in which judgment is given in his favour or he is
acquitted, or in connection with any application under section 488 of the Ordinance in
which relief is granted by the Court and the amount for which such indemnity is provided
shall immediately attach as lien on the property of the Company and have priority as
between the Members over all other claims.
139. Subject to the provisions of Section 194 of the Ordinance, no Director, Manger, or
other officer of the Company shall be liable for any act, or for joining in any receipt or
other act for conformity or for any loss or expense happening to the Company through
the insufficiency or deficiency of the title to any property acquired by order of the
Directors for or on behalf of the Company or for the insufficiency or deficiency of any
security in or account which any of the money of the Company shall be invested or loss
or damage arising from the bankruptcy, insolvency or tortuous act of any person_witIL,
,.■
whom any moneys, securities or effects shall be deposited or for any other los ,• ,z,, _a.
/0
1 a .... re7
(
misfortune,
whatever,
which
shall
happen
in
the
executing
of
the
duties
of
ei)Ilicz
(
Vre
/),.,
,
,,,,
or
..,
. _.
. ....-,
-7.7'
6)
in iclation thereto unless the same happen through his own dishonesty.
CD
24
\Vithout pleHdiet: to the tighs of the holders of shales, subject t o specs .o
1-10
;Ind conWtions it tm the winding- up, the assets available lbr dish ihtition anion [l ie
such shall be insufficient to repay the whole of the paid up capital, such
111C1111)CiS
assets shall be distributed so that, as nearly as may be, these losses shall be borne by the
members concerned in proportion to the capital paid up or which ought to have been paid
up at the commencement of the winding up, on the shares held by them iespectively, and
if in a v, hiding up assets available for distribution among the members shall be nime than
sufficient to repay the whole of the capital paid up at the commencement d the winding
up of the excess shall be distributed among the members who are holders of ordinary
shares in proportion to the ordinary shares held by them respectively at the
commencement of the winding Up.
141. If the Company shall be wound up, whether voluntarily or otherwise, the
liquidators may with the sanction of an Extraordinary Resolution divide among the
contributories in specie or kind any part of the assets of the Company and may with the
like sanction vest any part of the assets of the Company in trustees upon such trusts for
the byriefit of the contributories or any of them as the liquidators, ‘vith the like sanction,
shall think ht. If thought expedient any such division may be otherwise than in
accotdanee with the legal right of the contributories (except whet e unfalteringly fixed by
the Memorandum of Association) and in particular any class may he given preferential or
special rn!lits of nay be excluded altogether or in part, but in case any division otherwise
than in aeconLince with the legal rights of the contributories shall be determined on any
conti ibulot who vyould be prejudiced thereby shall have a right to dissent and ancillary
rights as if such determinations were a Special Resolution passed pursuant to Section:167
of the ordinance.
Provided that if the shares to be divided as aforesaid involve a liability to call or
otherwise any person entitled under such division to any of the said shares may within ten
days after the passing of the Extraordinary Resolution by notice in writing direct the
Liquidator to sell his portion and pay him the net proceeds, and the Liquidator shall, if
practicable, act accordingly.
XV. SECRECY
Every Director, Manager, auditor, trustee;member of a committee, officer, agent,
142.
accountant or other person employed in the business of the Company shall, unless
authorise by the Directors, observe a strict secrecy respecting all transactions of the
Company with customers and the State and with individuals conceding the accounts and
matters relating thereto and shall not reveal any of the matters which may come to his
knowledge in the discharge of his duties except when authorised so to do by).10444Q,c.tors
1,1, N
or by law or by the person to whom such matters relate and except sV.3ttg, re
.,),
ntawe
necessary in order to comply with any of the provisions in these preset
25
I
\\" 1 1:2PC ∎
Inh,
,11"
2I1CC
\ccujr „ ,
!, 111
HtV:t2,211
0111HHIV
dIC
i ;(11(11
n
(n
,'ISSIAnICC-, on the utip:r
,i11,1011 ■
)[. WC incident or ecn.A.:Thience
of these pIesents 0I oldie :,i,ltlitt_'S 0!
done , eXCcniCd, omitted, or SiniCled IIl [Mt -,trInu,: iii
„2
t:slating to the pretnise or to these, prem.‘iiti, or 10 on\ :L+1111t .
the (:ompany or to any or the :Arians of the ('ompinty, (Nei ■
such dirreine,n
Hiatt he ieletied to the decision of an arbitrator to be appointed
pitinc; in
if they cannot agree upon a single arbitrator to the dccisiPn t,l . t \\,o
an\ thing then or
c,;(.21i (
OniCr\\
111L1CnriCI
W.1)1 H! (ntit
whom one :diall be appointed by each of the parties in dit ferencc. 0 , an
intipne to hP iiipointed by the two arbitiators.
1.
"I he cost of or incidental to, any such telcrence and award shall he in the
(lieretion of the arbitrator or arbitrators or umpire, respectively who may ddel unite the
amount thereof or direct the same to be taxed between attorney and client or otherwise
•
and may award by whom and in what manner the same shall he borne and paid.
•
26
or he
iris
A
pirl',11,inc,, 01- tlir,
;P:
C,11)11,II
Opp(1tilIC k?
Fall ier's(Husband's
Na r ne in Full
Name &
SU Frl ne
(Present
Former)
Nationality
With any
Occupation
Rosidential
Address
Former
Nationality
(In Block I. ettcrs)
FAWAD A1IIMED Mia ri
Mukhlai
MUKHIAR
Ahr red Sheikh
SHFEH
36302-2741274-7
FALAI_ AHMED Mia n
Mukhtar
Pakistani
Pakistani
Industrialist
Industrialist
Ahrned Sheikh
SHEIKH
36302-0543241-9
FAISAL.
MUKHIAR
SHEIKH
322-87-026025
Mrs AMBRELN
FAWAD
36302FATIMA
Mr':
Mian
Mukhtar
Ahr ned Sheikh
Pakistani
Mia n
Pakistani
Mukhtar
Industrialist
Industrialist
Afirned Sheikh
Hali Habib Ullah
Pakistani
AB DUI_ SA I- I AR
Pakistani
Industrialist
FAZAL
36302MrHI\JA7
Mrs
AMIR
36302II I Fl IAN
MAHMOOD
BAIG
36302-8145686-3
rorillyd in',
t d!,,.2
, r,
FAN AlliviED
Pakistani
Industrialist
Service
(Private)
Number of
Shares
taken
By each
Subscriber
13-A
Road,
Cantt
Oasim
Multan
43-A
Road,
Cantt.
43-A
Road,
Cantt
Qasim
Molten
5000
Qasim
Multan
5000
Qasim
43-A
Road, Multan
Cantt.
Qasim
43-A
Road, Multan
Cantt.
Qasim
43-A
Road, Mullen
Cantt.
140-Hassan
Parwana Road,
Multan
5000
Sigraitilie
5000
.c
q
,,
,
tikt,‘,1 ,)-1-5000
L.'
e
c–\ — ,,k-
5000
il 1 it -'' \
5000
Dated the loth day of June 2004
Witness to above Signature:
Name:
Address
NIC•
Shahid Ismail
243-A, Shah Rukn Alain Colony, Mu
36302-2040404-9
alnatlat,,, ,attate,
;t31STFh
c(1A,frtp,"jj'
a) Number assigned to the cumpany
In the Register of Companiesa--h) S. No. of the document
(2
c) Name of thc Company _tr_
d) Description of the docut
Including enclosures
/1/ )
e) hied this2..):.11.4'(Day of
Under the Provisions- of the Companies
Oidittanee, 1984.
)
17
^
tr L-1(
1 "\-•(//,
- ikiry
Joint Registrar of Companies,
MULTAN REGION. 11,1UyrAN.
A .1
/./
SEC
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
CERTIFICATE OF INCORPORATION
[Under section 32 of the Companies Ordinance, 1984 (XLVII of 1984)]
Company Registration No.
I
00000001455/20040605
hereby certify that FATIMA ENERGY LIMITED.
is this day incorporated under the Companies Ordinance, 1984 (XLVII of 1984) and that the
company is limited by
Shares.
Given under my hand at
MULTAN
this 22nd
day of
June, 2004
Two Thousand and Four
ATTEST
1 0g SE TRUE COPY
ORIGINAL ,
\",r)
Comp
Fee Rs.39700/-
D
( LIAQAT A DOLLA )
JOINT REGISTRAR OF COMPNAIES
!Viultan,
13 0 Z.
lea &d: 2-2 G 2_oo
acre a
'NUNNFF1OF `0,2‘, !).,;
\ I -`y,
,...
\
No. ! ,"111) PPM- 3003,10/PRI
2010
Mr. Ittikhar Baig,
GNI Business Development,
Fatima Energy Ltd.
E-110„ Khavaban-c-Jinnall,
Ulloce Cattit.
S LIB ECT:
REGISTRATION OF 100 NEW CO-GENERATION POWER PROTECI .BY M/S
FATIMA ENERGY LTD.
Dear Sir,
•
Private Power and Infrastructure Board (PPIB) hereby acknowledges the receipt of Bank
Draft No. 0007346 dated 6th August 2010 amounting Rs. 17,000 (Rupees Seventeen Thousand
Only) drawn on Meezan Bank Limited as Registration Fee for 100 MW Co-generation Power
Project (the Project) by M/s Fatima Energy Limited (the Sponsors). In consideration thereof,
PPIB has formally registered the sponsors under the Registration Number "3003".
The sponsors are now advised to approach National Electric Power Regulatory Authority
2.
(NEPRA) for award of generation license and tariff determination for the subject project. Please
note it will be binding upon the Sponsors to provide to PPIB photocopies of all documents which
they will submit to NEPRA.
Best Regards,
S
Yours faithf-u I
(Asif Ali Alm)
Director Projects
CC:
1. Chairman, NF.PP A, Is!-.rnabad.
2. Managing Director, PEPCO, Lahore.
4 15'7
tvl-C`
50 - NazimudcUn Road, F-7/4, Islamabad • Yakistan
•
•
Project Organization
•
i
Group Head HR
CEO
—
.
Project Director
HR Manager
Commercial Manager
Technical
/Commissioning
Manager
Commercia Executive
Logistics/Procurement
Executive
Preformance/Process
Engineers
,
Planning and Control
Manager
Construction
Security /Adrn,
Manager
Manager
E&I UM/ Section Head
Mechancial UM/
Section Head
Civil Section Head
E&I Engineers
Mechanical Engineers
Civil Supervisor
Admen /Security
Superv5or
CE
riSr Ma r,agL•
Actow“ Or
.L
Summary:
Toseef Ijaz Rana
CAREER OBJECTIVE
To use my education and
skills productively
Date of Birth
24 October, 1970
•
Nationality
Pakistani
Languages
English, Urdu
Qualification
Lahore University of
Management Sciences(LUMS)
MBA
University of Engineering and
Technology Lahore.
B.Sc. Mechanical Engineering
(Honors)
•
Highly motivated with 17 years of
diversified experience in power and
fertilizer plants in leading roles. Over
13 years of exclusive experience of
power sector in different technologies
including CCGT, Rankin cycle and
diesel engine power plants. Heading
Fatima Energy Limited, wholly owned
subsidiary
of
Fatima
Group,
developing 405MW local coal based
power plant and 120 MW
coal/bagasse fired cogeneration plant.
Successfully executed installation of
560 MW CCGT KESC and 223.8 MW
CCGT EEL power plant through
contract negotiation, engineering,
procurement, construction to the final
commissioning of the project. Worked
as maintenance coordinator for five
years at Pakistan's biggest IPP at Hub
Power Station (1200 MW) to execute
O&M activities smoothly. Experience
includes working in engineering,
construction, operation, project and
maintenance departments. Good
knowledge of project management
and finance. Successfully managed
two mega projects (FFJC and EEL) from
very beginning till completion. Special
expertise in vibration analysis
technique (certified level 3 analyst)
and project management. Member of
different
safety
forums,
risk
assessment and HAZOP teams.
Experienced in using CMMS (Maximo,
SAP and Q4W).
Experience:
Aug 2011 to date
Fatima Group (FG)
Working as Project Director leading
Fatima Energy Limited wholly owned
subsidiary of Fatima Group reporting
to CEO, for developing a
120 MW imported coal/bagasse based
cogeneration plant. Agreement are
ready for submission. Responsibility
includes:
• Developing strategic vision
• Legal compliance and interaction
with regulators for tariff
determination
• Finalization/hiring of EPC companies
and consultants
• Negotiations with EPC contractor
and consultants
• Selection of main machines and
•
•
•
appropriate technologies
Developing/hiring team of world
class professionals to strengthen
new division
Budgeting and evaluating financial
models
Development of project
Apr-2010 to Aug 2011
Karachi Electric Supply Company
(KESC)
Worked as Project Director leading the
Bin Qasim Power Station (BQPS-2)
560MW CCGT power project from
engineering till commissioning of
machines. Job responsibilities includes:
• Managing the over-all project while
ensuring that corporate objectives
are met
• Hiring competent professionals for
project management and
subsequent operation
• Budget preparation and controlling
• Managing EPC contract
• Ensuring that Owner Engineer
deliver best services for project
execution
• Dealing with outside agencies and
media
• Coordinate with other project
interfaces.
2007-2010
Engro Energy Limited (EEL)
Worked as Unit Manager
Construction/Maintenance to
supervise construction activities
and establish maintenance
organization for CCGT power plant.
Job responsibilities include:
• Supervision of construction
activities
• Developing procedures and
implementation of QA/QC
manual
Developing and reviewing pre-
• • commissioning and
•
•
commissioning procedures
Supervised commissioning while
interacting with different
stakeholders
Managing EEL project ensuring
targets of quality, safety and
timely completion of project are
met using project management
and quality control tools
• Worked in leading roles for
project closure
• Lead team for final Performance
measurement
• Establishing maintenance
infrastructure and developing
cohesive maintenance team
Developing maintenance
•• procedures
• Managing long term service
agreement with vendors
• Implementation of CMMS (SAP)
• Inducting quality resource to
meet cooperate objectives
• Budget development and
strategic planning
• Contract negotiation and
execution
Worked as Engineering Manger to
finalize basic configuration of EEL
project while leading a team of
highly competitive engineers in
close collaboration with technical
consultant and external agencies
2000-2007
International Power Plc. (HUBCO
Power Plant)
Worked as Maintenance Coordinator
integrating maintenance activities for
smooth execution of O&M
1996-2000
FFC-Jordan Fertilizer Company
Worked as Area Engineer of
machinery maintenance in Ammonia,
DAP and Urea plants. Job
responsibilities include.
Field and workshop maintenance of all
types of pumps, compressors, fans,
valves, steam/gas turbines, bucket
elevators, roller belts, rotary drums
etc.
Worked as Area Engineer for
construction section dealing with EPC
contractor KREBS, Klockner, Descon,
Habib Rafique etc. responsible for
erection and pre-commissioning of the
complex
1995-1996
Packages Ltd.
Worked as Shift in-charge in Diesel
power plant (2x5.2MW Wartsila diesel
engine with HRGS) responsible for
Operation and maintenance of power
plant
Overhauling of centrifuges and
engines
1994
Pakistan Engineering Company
(PECO)
Four weeks internship, understanding
operations and processes.
Technical Trainings
• Vibration analysis (VA1) By CSI
• Intermediate vibration analysis
(VA2) By CSI
• Advance vibration analysis (VA3)
By CSI
• Tank inspection workshop as per
API 653 by SGS
• Maintenance management
technique for rolling bearing—for
engineer By SKF
• Welding technology for engineers
By Pakistan welding institute(PWI)
• Field balancing By ENTEK-IRD
• Belt splicing and vulcanizing from
NJFC Jordan
• FRP repair from NJFC Jordan
• MS project 98 By ASPIMS
Management courses
• Advance project management
(PM!)
• Project management skills
• Personal development planning
• Time management
• Who moved my cheese —
Managing Change
• Synergizing performance
• ISO 9001:2000 what is it all about
then?
• Team building workshop
• DuPont training: safety for
managers
• Seven habits for successful
managers
Honors and Awards:
• Secure 1st position in 3rd national
course on welding technology for
engineers
• Merit certificate (Top 2%
students), U.E.T.
• Won 2nd prize in Science
Exhibition at Science Museum
Lahore.
• Member U.E.T. Badminton team.
Extra Curricular
Badminton, book reading and
construction of both
electric/electronic and mechanical
devices.
Curriculum Vitae
Amer Baloch
Position
Commercial Manager
Synopsis
Amer Baloch is a Mechanical Engineer
mainly in fertilizer and gas He worked
with multinational and local companies
acquiring experience of plant
operations, planning and commercial
management. He joined Fatima Energy
Ltd core team in 2010 as Unit Manager
Projects.
Date of Birth
As unit manager, managing project
27 Jul 1963
planning and commercial activities for
biomass and coal based 120 MW
cogeneration project including
interaction with government agencies,
legal, financial and technical consultants.
Also assisting in negotiations and
finalization of EPC contract.
Nokia Siemens Networks (Finland),
Islamabad, Pakistan, Jul 2009 — Sep 2010
NSN as one of the largest
Nationality
• Pakistani
Languages
English, Urdu
Qualification
BSc. Mechanical Engineering
Technology - Lahore
•
Plant operations,
commercial management,
planning and control,
HSSE, administration.
telecommunications solutions providers
was created as a result of a joint venture
between S,,2mens AG's and Noki,=:'s
Network Business Group having about
60,000 employees and operations in 100
countries with turnover of Euro 18
billion.
As Logistics Manager for multiple
telecom firms, managed SAP based
End2End supply chain of equipment with
annual sales target of Euro 50 million.
including extensive feedback on
performance of contracted services
(airlines, warehouses, stevedoring, etc)
and improved service level.
Fongas, Fauji Foundation, Rawalpindi,
Pakistan, Oct 2008 - Jun 2009
Fongas is a subsidiary of Fauji Foundation
group having an annual turnover of
about one billion rupees with 3 LP Gas
plants.
As Senior Manager Business
Development, organized gas tanker
contracted fleet to resolve age old
inefficiency issues, developed new
business activities to capture more
market share which included new
industrial and commercial applications of
LP Gas as an alternate fuel.
SHV Energy Pakistan, Islamabad, Pakistan
Mar 2004 - Jun 2008
SHV Gas of Netherlands is a Fortune 500
company and Worlds #1 in LP Gas
distribution with total sales at € 5,8 billion in
26 countries.
As Production Manager, operationally
managed 4 LP Gas storage and filling plants
and 2 gas depots with 140 personnel for a
gas turnover of 90,000 tons, improved
productivity and cost efficiencies including
expansions.
FFC-Jordan Fertilizer Company, Karachi,
Pakistan Oct 2000 — Mar 2004
FJFC (now FFBL) was first ever fertilizer plant
which produced Urea granular and Di
Ammonium Phosphate in Pakistan,
established cost of US$ 468 million.
As Section Head Operations managed
product handling and shipment of one
million tons of product annually on 24/7
basis with a team of 30 engineers/operators,
10 maintenance engineers/technicians and
200 labor.
FMC Jetway Systems (USA), Dubai, United
Arab Emirates 1999-2000
Jetway Systems is a subsidiary of FMC Corp
with head office at Ogden USA and is
dedicated towards manufacturing and
supply of airport engineering services
equipment.
As a Smart Bridge Engineer, commissioned
and debugged 47 computer controlled Smart
Passenger Loading Bridges Glass Type with
touch screen controls, CCTV systems, 28
Aircraft Power Supply units 400 Hz with
SIEMENS SIMATIC S-7 PLC system coupled
with FLADUNG automatic cable winders.
Ministry of Defense, Pakistan 1985 - 1999
For 6 years, worked in an American Defense
Production project for manufacturing of
NATO standard Armored Personnel Carriers
including installation, commissioning &
startup of multimillion dollar state-of-the-art
capital equipment.
For 2 years worked in a highly classified
project for manufacturing of precision parts
for aerospace strategic weapon systems
For 6 years, worked in heavy equipment
workshops for repair of light/heavy/tracked
vehicles, weapon systems,
telecommunication systems, and
management of spares and manpower.
urriculum Vitae
Syed Fuad
Haider
Position
Executive Finance
Date of Birth
June 10, 1974
Nationality
Pakistani
Languages
English, Urdu
Qualification
ACA
Member Institute of Chartered
Accountants of Pakistan
Bachelor of Commerce
(B.Com) Hailey College of
Commerce
Treasury Management
Secretarial Practices
Budgeting and Forecasting
Financial Analysis
SOP Development
Software Implementation
Financial Reporting
Taxation
Synopsis
Syed Fuad Haider is a Chartered
Accountant having ten (10) years of
diversified experience in various
Industrial Sectors. He has worked
multinational
and
local
with
companies acquiring experience of
treasury management, Financial
reporting, budgeting & forecasting
and taxation He joined Fatima
Energy Limited core team in 2012 as
Executive Finance.
Audit of Controls and recommendation
regarding suitable changes for better
Controls in future, Ensure timely and
accurate preparation of periodic
Financial Statements; Preparation of
Standard Operating Procedures in line
with Software Solution for efficient and
effective business operations of the
Company, Implementation of ERP
Solution; and Periodic Management
Reporting of all expenses, fixed
assets, stores and payables
Lahore Sports Meadows Limited Bukhatir Group Project (2007 -2009)
Worked as Manager Finance
Responsibilities included Ensure
Financial
Statements;
periodic
Preparation of Standard Operating
Procedures in line with Software
Solution for efficient and effective
business operations of the Company,
with
financial
Managing/dealing
institutions for matters relating with
financing, leasing, import & export and
fund placement for highest available
return on investment; Cost effective
and efficient cash flow planning and
management with minimum possible
borrowing costs; and Implementing
Oracle based ERP solution
Fatima Energy Limited - A Fatima
Group Company
(Current Assignment)
Executive Finance is responsible for
periodic
Financial
Statements;
liaising with Financial Institutions for
routine banking functions and
financing arrangements including but
not limited to leasing, running
finances etc.; supervision and
monitoring of the budget prepared
every fortnight; Monitoring of tax
related issues as applicable under
the provisions of the Income Tax
Ordinance, 2001; and Treasury
management functions
Mian Tyre & Rubber Company Ltd.
(2009 — 2011)
(MTR)
Worked as Manager Accounts /
Company Secretary for MTR, a
major tyre & tube manufacturing
concern with turnover over Rs. 6.00
Billion. Activities included Managing
of Board of Directors and General
Meeting with recording of minutes for
record; Filing of Statutory returns with
SECP; All Tax related issues from
filing to preparation of replies for
presentation before the Authorities
for Sales Tax, Income Tax, Customs,
Excise etc ; Filing of income tax
returns of the Directors of the
Company, the staff and the Company
online with the Federal Board of
Revenue including representation
before the Authorities; Budgeting and
procurement planning for the
production;
Mira Group of Companies (Mira
Power Ltd. & Mira Pakistan Ltd.)
(2004-2007)
Worked as Manager Accounts &
Finance and the responsibilities
included financial reporting; treasury
management, taxation; Secretarial
practices; and feasibility study and
financial forecasting.
Hameed Chaudhri & Co.; Chartered
(1999-2003)
Accountants;
Extensive During studenship at HCC
extensive experience of planning and
organising assignments, studying and
reviewing of system of internal control
with the objective of providing
recommendations for improvements
and reviewing financial statements to
ensure compliance with local laws &
IFRS.
Curriculum Vitae
Hamid Javed
Position
Section Head Electrical
Synopsis
Hamid Javed is Electrical Engineer
mostly in power sector and Cement
Industry. He worked with multinational
and
local
companies
acquiring
experience of plant maintenance,
Planning and Engineering He joined
Fatima Energy Ltd core team in 2012 as
Section Head Electrical.
Date of Birth
03 April 1966
Fatima Energy
(Current
Assignment)
Nationality
• Pakistani
Languages
English, Urdu
Qualification
•
Section head Electrical responsible for
installation,
commissioning
and
successful commercial operation of dual
fired (coal/bagasse) power complex.
Responsibility includes technical review
of EPC proposal, detailed design
engineering during execution phase.
Liaison with Govt. agencies for achieving
the milestones and timely completion of
project according to the agreed codes
and standards.
BSc. Electrical Engineering
Technology - Lahore
Askari Cement (2010-2012)
having ISO 9001 and ISO 14001
accreditations. Activities incorporate
supervision of all sort of Electrical
maintenance, trouble shooting,
Preventive, corrective and shut down
maintenance
planning
and
Plant Maintenance and
Troubleshooting
Budgeting, Indenting and
Inventory control
Plant Efficiency Monitoring
Development of MaintenanceProcedure
Manager Electrical for Askari Cement
implementation. Budgeting, Indenting,
inventory control and manpower
management. Maintenance of 132/6.6
kV Grid station & power transformers.
Reliable operation of MV switchgear
that include SF6 circuit breakers,
Vacuum circuit breakers & Air circuit
breakers. Testing of Multi functional
protection relays. Proper functioning of
PEI (power factor Improvement) system.
Proper maintenance of Batteries and
battery charger . Ensure integrity of
Diesel Generator and UPS.
Introduced the module testing and
repairing Lab in the department.
Introduced CMMS (computerized
maintenance management system), an
industrial application for preventive
maintenance activities and asset
management.
Involved in ERP (Enterprise resource
planning) program for supply chain
management and inventory
Qassim Cement (2002-2010)
Electrical Performance and planning
engineer for Qassim Cement, one of the
leading cement company in Saudi Arabia
having three production lines.
Involved in Plant modifications and
Projects Management. Deal with plant's
operational problems. Routine and
Preventive Maintenance of all electrical
equipment. Monitoring and analysis of
Key Performance Indicators which include
reliability, utilization and other related
parameters. Analysis of monitored results
of thermography camera (infrared
imaging equipment) for Switchgear, HT
bushings and Transformers. Vibration
Analysis of Electric Motors and Fan
Bearings & root cause analysis to avoid
equipment failure.
Conducted the Study with Consultant
Lahmayer International (Germany) and
convert the plant from 50 Hz to 60 Hz.
Involved in the Preparation of preventive
maintenance schedule for Electrical and
Instrument related equipment in JD
Edwards system.
Shift Engineer / Electrical Engineer
(1993-2002)
Electrical Engineer for Thermal Power
Station Muzaffargarh with the name plate
rating of 1370 MW. Involved in various
activities with Russian experts during
commissioning phase for the installation
and
commissioning
of
Power
Transformers, Auxiliary transformers, 220
kV
switchyard,
Auxiliary
supply
switchgear, 6 MW pump motors, fuel
handling motors, Thermocouples and
RTDs etc. Prepared PM programs for the
210 MW 3 stage turbines and
implemented them through MMS. Lead
operation team to operate the machines
as per system demand.
Electrical Engineer (1991-1993)
Electrical Engineer for Rural Electrification
Project funded by OECF Japan. Involved in
preparation of SLD, voltage drop
calculations, BOQ and supervision of
installation.
Synopsis
Saima Jan Muhammad is a Chemical Engineer having 04+ years of
diversified experience in fertilizer, Clean Development Mechanism
(CDM) and power sector. She has worked with Fatima Group
acquiring experience of process engineering since 2008. To
Position
promote her expertise in process Engineering she is also doing MS
Chemical Engineering.
Process Engineer
Nationality
Pakistani
process engineer starting from feasibility studies, thermal cycles,
thermal and efficiency calculations, EPC proposals review, EPC
clarifications & Non-EPC activities. She is also contributing as HSE
Languages
coordinator of Fatima Group, developing safe culture, conducting
English, Urdu
in house and out door safety trainings, maintaining frequently
safety
talks.
Qualification
MS Chemical Engineer (on
going) University of
Engineering & Technology Lahore
Pak-Arab
Fertilizers
Limited
(2008-2011)
Technology - Lahore
Technical Reviews
Technical evaluations
Drawing technical conclusions
Process Engineering
Calculations
Troubleshooting
Budgeting
Curriculum Vitae
Muhammad Adnan
Arshad
Position
Accounts Officer—II
(Finance & Accounts Division)
Date of Birth
25 December 1984
Synopsis:
'Mr. Muhammad Adnan Arshad' has
more than five (05) years practical
knowledge and professional work
experience in the field of
accountancy & finance, auditing,
assurance & business advisory,
taxation, corporate & financial
reporting, financial/ management
consultancy, internal controls, risk
management & compliance etc.
He has diversified professional
experience in auditing, and financial
& management reviews of financial
services sector including corporate &
Nationality
Pakistani
Languages
English, Urdu & Punjabi
Qualification
CA — Finalist (ICAP)
B.A. (Economics & Statistics)
Punjab University, Lahore
investment banking; commercial
banking; microfinance institutions;
manufacturing sector
including
beverages; cotton ginning &
agricultural farms; paints &
chemicals; services sector including
telecommunications;
educational
institution; hotels & restaurants; and
public sector organizations of Govt.
of Punjab.
Fatima Energy Limited, Fatima
Group
Financial Statements Audit
Assurance & Agreed
Procedures
IFRS/ IAS Financial Reporting
Risk Management &
Compliance
Credit Portfolio Reviews
COSO Internal Controls & SPA
Taxation; & Corporate Laws
Restructuring & Due Diligence
Business Process
Reengineering
ERP Oracle Financials EBS
Review of IT General Controls
Financial Analysis & Budgeting
(April23, 2012 To-Date)
Currently, engaged as 'Finance &
Accounts Professional' at the Group
Head Office (Lahore) of 'Fatima
Energy Limited [A Fatima Group
Company]'. Fatima Energy Limited
has been incorporated and plans are
underway to install a 120 MW cogeneration power plant.
The City Schools (Private) Limited —
City Schools Network
(2011-12)
Worked as a 'Deputy Manager
Accounts' in 'Finance & Accounts
Department' at the Group Head
Office (Lahore) of The City Schools
(Private) Limited.
His major responsibilities included
supervision of all accounting
transactions related to Accounts
Payables (AP), Cash Management,
Head Office Funds Reconciliation,
Cash & Bank Reconciliations,
Accounts Receivables (AR); Billing/
Fee collection of
all branches of
Central Regional Office (CRO), and the
accurate posting of all data files from
various branches into the centralized
AP, CMM, Billing Modules of ERPOracle Financials (EBS-R11i).
A.F. Ferguson & Co., Chartered
Accountants, Lahore (A member firm
of PricewaterhouseCoopers (PwC)]
(2006-2010)
Completed 3.5 years' C.A. Articleship
as a 'CA—Trainee Student' from A.F.
Ferguson & Co., Chartered
Accountants (Lahore Office) — A
member
firm
of
PricewaterhouseCoopers
(PwC)
Network (a network of world's top
accountancy & audit firms)
Extensive practical experience, by
working at various levels, up to the
level of 'Audit Team Senior/ Audit Job
In charge', has enabled him to
develop
a
comprehensive
understanding of organizational-wide
accounting & internal controls
systems of various local &
multinational organizations.
Special Functional Trainings:
Course of Computer Practical
Training (CCPT) conducted by ICAP
- Presentation Skills Training Course
(PSTC) recommended by ICAP
Online Trainings & E-Learning
Courses on MyClient — Audit
Automation Software developed
by PricewaterhouseCoopers (PwC)
- Hands-on-trainings on various
customized accounting software
packages (including QuickBooks,
Oracle-Based-ERP Applications
- Seminars & workshops for
professional
training
development arranged by ICAP and
A.F. Ferguson & Co. regarding PwC
global best practices of accounts &
audit methodology, taxation;
corporate & secretarial practices;
documentation procedures & audit
techniques etc.
Synopsis
Mariam Waris is a Chemical Engineer having 03 years of
diversified experience in fertilizer and power sector. She has
worked with Fatima Group acquiring experience of process
engineering since 2009. To promote her expertise in project
management she is also doing professional MBA.
Position
Process Engineer
Date of Birth
08 March 1988
process engineer starting from feasibility studies, energy cycles,
EPC proposals review & Non-EPC activities. She is also contributing
Nationality
Pakistani
Languages
English, Urdu
Qualification
MBA (on going)
Technology - Lahore
Technical Review of proposals
Process Engineering
Calculations
Technology Evaluations
Troubleshooting
Budgeting
as training coordinator of Fatima Energy Limited preparing
budgets and arranging technical & soft skills training courses.
Pak-Arab
Fertilizers
Limited
(2009-2011)
Corporate and Inve,,trnent
Banking Laing)
December 2012
110
I Ill 1 I NER(:1 1,1111TH)
kiniN abini-e-dinnah
Lahore ( anti
1'O 1111O11
11.A1 CONCER
h
that NI,
Frierg. Limited r 1 I atnna (i1-0111) (
pml%) k maintain inu
Currclit account 11101( )(0011(10.5(101(1)
ith
ince .;() 1)ecentl)er, 2010. 1)Ltrin2 thiti penod
e
Count! the compan ■
ha. a sound financial background
I Ids ‘scrtiticaic is issued on spccitic request of the customer and does not constitute an\ liabilit\ on
run
or any obits ()Iticers
off s I
ktithorize
Sinatures
Authviited Signatures
( trt rizatc ( entre 0361, 7-1 -111 Main Boulck ard
H-1,11,,m., ,ti--")2S- -'1
111 lahorc
∎, ∎( ∎ \ all , ■
,n)
jetAlliedBank
PK0010361Branch Name:7-E Gulberg, Lahore
E-110, KHAYABAN-E-JINNAH,
Statement Period:01 JAN 2013 TO 18 JAN 2013
LAHORE, CANTT
Account Number:0010000110050010
LAHORE
Account Status:Regular
PUNJAB PAKISTAN
Pakistan Rupee
042111328462
Current Accounts
04236621389
BALANCE AT PERIOD START :
DEBITS
CREDITS
2,306,534.79
BALANCE
DATE
PARTICULARS
VALUE DATE
02 JAN 13
Clearing
02 JAN 13
108,290.00
2,198,244.79
02 JAN 13
105,334.00
2,092,910.79
02 JAN 13
111,600.00
1,981,310.79
02 JAN 13
108,290.00
1,873,020.79
04 JAN 13
263,742.00
1,609,278.79
08 JAN 13
206,060.00
1,403,218.79
12844325
02 JAN 13
Clearing
12844324
02 JAN 13
Clearing
12844322
02 JAN 13
Clearing
12844323
411/04 JAN 13
Clearing
11589896
08 JAN 13
Clearing
12844326
10 JAN 13
10 JAN 13
Online Transfer
6,900,000.00
8,303,218.79
2,500,000.00
10,803,218.79
PK0010393
14520415
10 JAN 13
Outward Cheque Realized
10 JAN 13
11 JAN 13
Cheque Book Charges
11 JAN 13
300.00
10,802,918.79
15 JAN 13
Clearing
15 JAN 13
264,000.00
10,538,918.79
11589861
TOTAL DEBIT / CREDIT
1,167,616.00
9,400,000.00
CLOSING BALANCE
TOTAL WITHHOLDING TAX DEDUCTED
10,538,918.79
0.00
•
*RIVE- Reversal Entry
This is a computer-generated statement, issued without any alteration, and does not require any signature
Page 1 of 1
•
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
JUNE 30, 2012
•
Deloitte
134-A Abu Bakar Block
New Gandrn Town
Lab()
Pakistani
-92 (0) 42 35913595-7
• -; 92 (0) 41 35864010
- —97 (0) 41 35864021
Web
wivw.deloitte.corn/pk
AUDITORS' REPORT TO THE MEMBERS
We have audited the annexed balance sheet of FATIMA ENERGY LIMITED (the company) as at
June 30, 2012 and the related profit and loss account, cash flow statement and statement of
changes in equity together with the notes forming part thereof, for the year then ended and we
state that we have obtained all the information and explanations which, to the best of our
knowledge and belief were necessary for the purposes of our audit.
It is the responsibility of the Company's management to establish and maintain a system of
internal control, and prepare and present the above said statements in conformity with the
approved accounting standards and the requirements of the Companies Ordinance, 1984 Our
responsibility is to express an opinion on these statements based on our audit.
We conducted our audit in accordance with the auditing standards as applicable in Pakistan.
These standards require that we plan and perform the audit to obtain reasonable assurance
about whether the above said statements are free of any material misstatements. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the
above said statements. An audit also includes assessing the accounting policies and significant
estimates made by management, as well as, evaluating the overall presentation of the above
said statements. We believe that our audit provides a reasonable basis for our opinion and, after
due verification, we report that.
(a) In our opinion, proper books of account have been kept by the Company as required
by the Companies Ordinance, 1984;
(b) In our opinion*
(i) the balance sheet and profit and loss account together with the notes thereon
have been drawn up in conformity with the Companies Ordinance, 1984, and are
in agreement with the books of account and are further in accordance with
accounting policies consistently applied,
(ii) the expenditure incurred during the year was for the purpose of Company's
business, and
(id) the business conducted, investments made and the expenditure incurred during
the year were in accordance with the objects of the Company;
(c)
In our opinion, and to the best of our information and according to the explanations
given to us, the balance sheet, profit and loss account/statement of comprehensive
income, cash flow statement and statement of changes in equity together with the
notes forming parts thereof, conform with the approved accounting standards as
applicable in Pakistan, and give the information required by the Companies
Ordinance, 1984, in the manner so required and, respectively give a true and fair
Member of
Deinitte ToinchP Tnhmatcu I imnted
Deloitte
view of the state of the Company's affairs as at June 30, 2012 and of the loss, its
cash flows and changes in equity for the year then ended; and
(d) In our opinion no Zakat was deductible at source under the Zakat and Ushr
Ordinance, 1980 (XVIII of 1980),
OtA}
•
(Charterei ccountants)
Talat Javed
(Engagement Partner)
October 08, 2012
Place: Lahore
Pilernbc;r cf
Deloitte Touche Tohmatsu Limited
BALANCE SHEET
AS AT JUNE 30, 2012
2012
Note
2011
2012
Rupees
Note
EQUITY AND LIABILITIES
2011
Rupees
ASSETS
SHARE CAPITAL AND
RESERVES
NON-CURRENT ASSETS
Author ized capital
8
293,907,337
158,807,116
1,000,000 (2011:1,000,000)
ordinary shares of Rs. 10
each
10,000,000
10,000,000
Issued, subscribed and paid
up capital
•
4
Accumulated loss
350,000
350,000
(4,732,152)
(1,337,710)
(4,382,152)
(987,710)
CURRENT LIABILITIES
CURRENT ASSETS
Loan from related party unsecured
Advances and short term
5
Markup payable to related
par ty
Other payables
6
248,562,557
147,549,148
48,101,976
13,633.597
2,505,389
323,202
299,169,922
161,505,947
294,787,770
160,518,237
prepayments
Cash and bank balances
9
184,766
686.662
10
695,667
1,024,459
880,433
1,711,121
CONTINGENCIES AND
COMMITMENTS
•
7
294,787,770
160,518,237
the annexed notes from 1 to 16 form an integral part of these I Ina nc a l statements.
Director
PROFIT AND LOSS ACCOUNT
2012
Note
Administrative expenses
11
Loss for the year
2011
Rupees
3,394,442
1,230,585
(3,394,442)
(1,230,585)
(3,394,442)
(1,230,585)
Total comprehensive loss for the year
Director
71=:'11‘/:
STATEMENT OF CHANGES IN EQUITY
Share capital
Accumulated loss
Total
Rupees
350,000
•
(107,125)
242,875
(1,230,585)
(1,230,585)
(1,230,585)
(1,230,585)
(1,337,710)
(987,710)
(3,394,442)
(3,394,442)
(3,394,442)
(3,394,442)
(4,732,152)
(4,382,152)
Total comprehensive toss
350,000
350,000
Director
CASH FLOW STATEMENT
2012
CASH FLOWS FROM OPERATING ACTIVITIES
Note
2011
Rupees
Loss for the year
(3,394,442)
(1,230,585)
Adjustments for:
Depreciation
1,123,009
411,405
57,751
(2,213,682)
(819,180)
Changes in working capital
Decrease/ (increase) in advances and short ter m prepayments
501,896
Increase in other payabtes
2,182,187
Net cash from/(used in) operating activities
470,401
(686,662)
188,702
(1,317,140)
CASH FLOWS FROM INVESTING ACTIVITIES
Fixed capital expenditure
(104,826,742)
Proceeds from sale of property and equipment
(121,706,538)
3,014,140
Net cash used in investing activities
(101,812,602)
(121,706,538)
Increase in loan from related party
101,013,409
123,519,369
Net cash from investing activities
101,013,409
123,519,369
CASH FLOWS FROM FINANCING ACTIVITIES
Net (decrease)/increase in cash and cash equivalents
(328,792)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
10
1,024,459
528,768
695,667
1,024,459
\
495,691
Director
1
LEGAL STATUS AND OPERATIONS
1.1
Fatima Energy Limited ('the Company), was incorporated in Pakistan on June 22, 2004 as a non-listed public
company under the Companies Ordinance, 1984 The principal activity of the Company wilt be to own, operate
and maintain a co-generation power plant at Sanawan, Kot Addu, Punjab Pakistan. The Company is in the process
of setting up of its unit. The registered office of the Company is in Lahore.
1.2 These financial statements are presented in Pak Rupees, which is the Company's functional as well as presentation
currency.
2
STATEMENT OF COMPLIANCE, BASIS OF PREPARATION AND SIGNIFICANT ESTIMATES
2.1 Statement of compliance
These financial statements have been prepared in accordance with the approved accounting standards as
applicable in Pakistan. Approved accounting standards comprise of such International Financial Reporting
Standards (IFRS) issued by the International Accounting Standards Board (IASB) as notified under the provisions of
the Companies Ordinance, 1984, the requirements of the Companies Ordinance, 1984 and the directives issued by
the Securities and Exchange Commission of Pakistan (SECP). Wherever the requirements of the Companies
Ordinance, 1984 or the directives issued by the SECP differ with the requirements of the IFRS, the requirements of
the Companies Ordinance, 1984, and the said directives shall take precedence.
2.2 Standards, interpretation and amendment adopted during the year
The following amendments to existing standards have been published that are applicable to the Company's
financial statements covering annual periods, beginning on or after the following dates:
2.2.1 Standards, amendments to published standards and interpretations that are effective in current year and are
Following are the amendments that are applicable for accounting periods beginning on or after January 1, 2011:
- IAS 1 (amendment), 'Presentation of financial statements', is effective for annual periods beginning on or after
January 1, 2011. The amendment clarifies that an entity may choose to present the required analysis of items of
other comprehensive income either in the statement of changes in equity or in the notes to the financial
statements. This amendment does not have a material impact on the company's financial statements.
• IAS 24 (Revised), 'Related party disclosures', issued in November 2009. It supersedes IAS 24, 'Related party
disclosures', issued in 2003. The revised standard clarifies and simplifies the definition of a related party and
removes the requirement for government-related entities to disclose details of all transactions with the
government and other government-related entities. As this change only impacts presentation aspects, there is no
Impact on the results for the year.
IFRS 1 (Amendment) (effective 1 July 2011) These amendments include two changes to IFRS 1, 'First- time
adoption of IFRS'. The first replaces references to a fixed date of 1 January 2004 with 'the date of transition to
IFRSs', thus eliminating the need for entities adopting IFRSs for the first time to restate derecognition transactions
that occurred before the date of transition to IFRSs. The second amendment provides guidance on how an entity
should resume presenting financial statements in accordance with IFRSs after a period when the entity was unable
to comply with IFRSs because its functional currency was subject to severe hyperinflation. The Company has
determined that there is no material impact of the above amendment on the financial information.
- IFRS 7, Disclosures on transfers of financial assets' (Amendment), issued in October 2010. The new disclosure
requirements apply to transferred financial assets. An entity transfers a financial asset when it transfers the
contractual rights to receive cash flows of the asset to another party. These amendments are as part the IASBs
comprehensive review of off balance sheet activities. The amendments will promote transparency in the reporting
of transfer transactions and improve users' understanding of the risk exposures relating to transfers of financial
assets and the effect of those risks on an entity's financial position, particularly those involving securitization of
financial asset. The Company has determined that there is no significant transfer of financial assets that require
disclosure under the guidance above.
4
- IFRS 7 (amendment), 'Financial instruments: Disclosures', is effective for annual periods beginning on or after
January 1, 2011. The amendment emphasizes the interaction between quantitative and qualitative disclosures and
the nature and extent of risks associated with financial instruments. The amendment does not have a material
impact on the company's financial statements.
2.2.2 Standards, amendments to published standards and interpretations that are effective in current year but not
The other new standards amendments and interpretations that are mandatory for accounting period beginning on
or after July 01, 2011 are considered not to be relevant or to have any significant impact on company's financial
reporting and operations.
2.2.3 Standards, amendments and interpretations to existing standards that are not yet effective and have not
been early adopted by the Company
The following IFRSs, amendments and interpretations are effective for accounting periods beginning on or after
the date mentioned against each of them:
Effective for period
beginning from
- IAS
2.3
1 Presentation of financial statements (amendment)
January 1, 2012
-IAS 19 Employee benefits (amendment)
January 1, 2013
-IAS 32 Financial instruments : Presentation
-IAS 27 Separate financial statements
-IAS 28 Investment in associates (Revised)
-IFRS 7 Financial instruments: Disclosures
January 1, 2013
January 1, 2013
January 1, 2013
January 1, 2013
January 1, 2013
-IFRS 10 Consolidated financial statements
-IFRS 11 Joint arrangements
January 1, 2013
-IFRS 12 Disclosure of interests in other entities
-IFRS 13 Fair value measurement
January 1, 2013
-IAS 32 Financial instruments: Presentation', on offsetting
financial assets and financial liabilities
January 1, 2014
January 1, 2015
January 1, 2013
January 1, 2013
Significant Estimates
The preparation of financial statements in conformity with IFRS requires management to make judgments,
estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities,
income and expenses. The estimates and associated assumptions are based on historical experience and various
other factors that are believed to be reasonable under circumstances, and the results of which form the basis for
making judgment about carrying value of assets and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognized in the period in which estimates are revised if the revision affects only that period, or in the period of
revision and future periods if the revision affects both current and future periods.
Judgments made by management in the application of IFRSs that have significant effect on the financial
statements and estimates with a significant risk of material adjustment in the next year are discussed in the
ensuing paragraphs.
The Company reviews the useful lives of property and equipment on regular basis. Any change in the estimates in
future years might affect the carrying amounts of the respective items of property and equipment with a
corresponding effect on the depreciation charge and impairment, if any.
Taxation
The Company takes into account the current income tax taw and decisions taken by appellate authorities.
Instances where the Company's view differs from the view taken by the income tax department at the assessment
stage and the Company considers that its view on items of material nature is in accordance with law, the amounts
are shown as contingent liabilities.
3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3.1 Payables
Liabilities for other payables are carried at their cost which is the fair value of the consideration to be paid in the
future for goods and services received whether billed to the Company or not.
3.2 Provisions
Provisions are recognized in the balance sheet when the Company has a present, legal or constructive obligation
as a result of past events, it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation, and a reliable estimate of the amount can be made. Provisions are reviewed at
each balance sheet date and adjusted to reflect the current best estimate.
3.3 Borrowings
Loans and borrowings are recorded at the proceeds received. Finance cost are accounted for on an accrual basis
and are included in interest accrued on loans to the extent of amount remaining unpaid, if any.
3.4 Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are
assets that necessarily take a substantial period of time to get ready for their intended use or sate, are added to
the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.
Investment income earned on the temporary investment of specific borrowings pending their expenditure on
qualifying asset is deducted from the borrowing costs eligible for capitalization.
All other borrowing costs are recognized in profit and loss account.
3.5 Taxation
Profit and gains derived by the company from electric power generation project are exempt from tax under clause
132 of the Part I of the Second Schedule to the Income Tax Ordinance, 2001. The company is also exempt from
minimum tax on turnover under clause 15 of the Part IV of the Second Schedule to the Income Tax Ordinance,
2001. However, full provision will be made in the profit and toss account on income from other sources not
covered under the above clauses at current rates of taxation after taking into account tax credits and rebates
available, if any.
3.6 Property and equipment
Property and equipment except capital work in progress are stated at cost less accumulated depreciation and any
identified impairment loss. Capital work in progress is stated at cost less any identified impairment Loss. Cost also
includes capitalized borrowing costs as referred to in note 8.3.
Depreciation on property and equipment is charged to profit and loss account on the straight line method so as to
write off the depreciable amount of an asset over its estimated useful life at the annual rates mentioned in note
8,1.1.
Depreciation on additions to property and equipment is charged from the month in which an asset is acquired or
capitalized, while no depreciation is charged for the month in which the asset is disposed off. The assets' residual
values and useful lives are reviewed, at each financial year end, and adjusted prospectively, if impact on
depreciation is significant.
The Company assesses at each balance sheet date whether there is any indication that property and equipment
may be impaired. If such indication exists, the carrying amounts of such assets are reviewed to assess whether
they are recorded in excess of their recoverable amount. Where carrying values exceed the respective
recoverable amount, assets are written down to their recoverable amounts and the resulting impairment loss is
recognized in profit and loss account. The recoverable amount is the higher of an asset's fair value less costs to
sell and value in use. Where an impairment toss is recognized, the depreciation charge is adjusted in the future
periods to allocate the asset's revised carrying amount over its estimated useful life.
Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate,
only when it is probable that future economic benefits associated with the item will flow to the Company and the
cost of the item can be measured reliably. All other repair and maintenance costs are charged to profit and loss
account during the period in which they are incurred. The gain or loss on disposal or retirement of an asset
represented by the difference between the sale proceeds and the carrying amount of the asset is recognized as an
income or expense.
3.7 Capital work in progress
Capital work in progress is stated at cost less any recognized impairment toss. All expenditure connected with
specific assets incurred during installation and construction period are carried under capital work in progress.
These are transferred to specific assets as and when these assets are available for use.
3.8 Cash and cash equivalents
Cash and cash equivalents are carried in the balance sheet at cost. For the purpose of cash flow statement, cash
and cash equivalents consist of cash in hand and balances with banks.
3.9 Related party transactions
Transactions with related parties are priced on arm's length basis. Prices for these transactions are determined
on commercial terms and conditions.
3,10 Financial instruments
Financial assets and financial liabilities are recognized at the time when the Company becomes a party to the
contractual provisions of the instrument and de-recognized when the Company loses control of contractual rights
that comprise the financial assets and in the case of financial liabilities when the obligation specified in the
contract is discharged, cancelled or expired. Any gain or loss on derecognition of financial assets and financial
liabilities is included in the profit and loss account currently.
3.11 Offsetting of financial assets and liabilities
Financial assets and liabilities are offset and the net amount is reported in the financial statements only when
there is a legally enforceable right to set off the recognized amount and the Company intends either to settle on a
net basis or to realize the assets and to settle the liabilities simultaneously.
3.12 Foreign Currencies
Transactions in currencies other than Pak Rupees are recorded at the rates of exchange prevailing on the dates of
the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign
currencies are retranslated at the rates prevailing on the balance sheet date except where forward exchange
contracts have been entered into for repayment of liabilities, in that case, the rates contracted for are used.
Gains and losses arising on retranslation are included in profit and loss for the year.
2011
2012
4
ISSUED, SUBSCRIBED AND PAID UP CAPITAL
Rupees
2012
2011
Number of shares
35,000
35,000 Ordinary shares of Rs. 10 each fully
paid in cash
350,000
350,000
35,000
35,000
350,000
350,000
4.1
There was no movement in issued, subsucribed and paid up capital during the year.
5
LOAN FROM RELATED PARTY - UNSECURED
This represents amount payable to Fatima Sugar Mitts Limited - an associated company. It carries markup at the
rate of one month Kibor plus 3% per annum.
2012
6
OTHER PAYABLES
Note
Due to associated undertaking
6.1
Accrued expenses
2011
Rupees
986,486
1,256,903
168,067
Withholding tax
143,925
Others
262,000
11,210
2,505,389
323,202
6.1 This represents payable to associated undertaking against consultancy charges incurred on behalf of the company.
7
CONTINGENCIES AND COMMITMENTS
7.1 Contingencies
There are no significant contingencies at balance sheet date.
7.2 Commitments
Termination fee payable under non cancellable contract aggregates to Rs. 6,198,400 (2011: Rs 6,488,846).
2012
8
PROPERTY AND EQUIPMENT
Note
8.1
8.2
2011
Rupees
83,166,307
210,741,030
2,579,679
156,227,437
293,907,337
158,807,116
•
8.1
8.1.1 As at June 30, 2012
COST
Description
As at July 01,
2011
Additions /
(Disposals)
As at June 30,
2012
As at July 01,
2011
Charge for the
As at June 30,
year I (on
2012
disposals)
Book value as
at June 30,
Annual rate of
2012
depreciation %
Rupees
Land
79,570,058
Computers
Office equipment
79,570,058
79,570,058
147,423
598,000
745,423
29,211
146,314
175,525
569,898
25
69,085
55,800
113,185
12,251
9,099
19,646
93,539
10
(11,700)
Furniture and fixtures
Vehicles
2,774,576
(1,704)
275,000
275,000
4,282,670
3,528,915
369,943
(3,528,331)
June 30, 2012
2,991,084
84,781,528
16,042
16,042
258,958
10
951,554
855,061
2,673,854
20
1,066,274
83,166,307
(466,436)
84,232,581
411,405
(3,540,031)
1,123,009
(468,140)
8.1.2 As at June 30, 2011
COST
Description
As at July 01,
2010
Additions
As at June 30,
2011
As at July 01,
2010
Charge for the As at June 30,
year
2011
Book value as
at June 30,
Annual rate of
2011
depreciation %
Rupees
Computers
147,423
147,423
29,211
29,211
118,212
25
69,085
69,085
12,251
12,251
56,834
25
Vehicles
2,774,576
2,774,576
369,943
369,943
2,404,633
20
June 30, 2011
2,991,084
2,991,084
411,405
411,405
2,579,679
Office equipment
•
8_1.3 The following assets were disposed off during the year:
Cost
Description
Accumulated
depreciation
Carrying value Sate proceeds
Rupees
Office equipment
Mode of
disposal
11,700
1,704
9,996
Toyota Corolla XLI
1,387,288
323,700
1,063,588
1,015,833
Negotiation
Honda Civic
2,141,043
142,736
1,998,307
1,998,307
Negotiation
3,540,031
468,140
3,071,891
3,014,140
Scraped
Vehicles
2012
2011
•
•
2012
8.2
Note
2011
Rupees
Land
71,102,967
Payments to consultants/contractors against technical services
Unallocated expenditures:
Consultancy services
Finance cost
8.3
Legal and professional charges
88,375,150
35,069,698
23,100,583
48,101,976
21,880,265
13,633,597
6,116,658
3,388,958
Salaries, wages and other benefits
26,312,110
6,280,589
Travelling and conveyance
15,588,274
4,714,934
Communication and postage charges
Others
474,616
73,498
2,671,663
122,365,880
82,931
50,054,772
210,741,030
156,227,437
8.3
The amount of borrowing cost capitalized during the year is Rs. 34,468,379 (2011: Rs. 6,828,533).The rate used to
determine the amount of borrowing cost eligible for capitalization is mentioned in note 5.
9
ADVANCES AND SHORT TERM PREPAYMENTS
2012
Note
Advance income tax
12,096
655,254
31,631
57,930
19,312
184,766
686,662
20,000
675,667
1,005,399
695,667
1,024,459
1,123,009
411,405
30,122
238,084
1,304,616
88,451
81,182
232,114
147,494
69,688
Fee and subscription
203,211
126,196
53,894
47,058
Printing and stationery
374,763
26,704
Others
CASH AND BANK BALANCES
Cash in hand
Cash at bank in current accounts - local currency
11
Rupees
95,205
Advances to employees for expenses
Prepaid insurance premium
10
2011
19,060
ADMINISTRATIVE EXPENSES
Depreciation
Entertainment expenses
Vehicles running and maintenance
Auditors' remuneration
Insurance
Medical expenses
Others
8.1.1
57,751
5,141
4,144
3,394,442
1,230,585
12
FINANCIAL INSTRUMENTS
The Company has exposure to the following risks from its use of financial instruments:
Credit risk
Liquidity risk
Market risk
This note presents information about the Company's exposure to each of the above risks, the Company's
objectives, policies and processes for measuring and managing risk, and the Company's management of capital.
Further quantitative disclosures are included throughout these financial statements.
The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. The Board is responsible for developing and monitoring the Company's risk
management policies.
The Company's risk management policies are established to identify and analyze the risks faced by the Company,
to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management
policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.
The Company, through its training and management standards and procedures, aims to develop a disciplined and
constructive control environment in which all employees understand their rotes and obligations. The Board of
Directors reviews and agrees policies for managing each of these risks.
•
12.1
Credit risk
Credit risk is the risk of financial toss to the Company if a customer or counterparty to a financial instrument fails
to meet its contractual obligations. To manage credit risk, the Company maintains procedures covering the
application for credit approvals, granting and renewal of counterparty limits and monitoring of exposures against
these limits. As part of these processes, the financial viability of all counterparties is regularly monitored and
assessed.
The Company is exposed to credit risk from its operating activities primarily for financial assets.
The Company's credit risk exposures are categorized under the following headings:
12.1.1 Counter parties
As Company has not started operations yet, so, presently there is not major counterparty except consultants for
technical consultancy.
12.1.2 Exposure to credit risk
The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to
credit risk at the reporting date was:
2012
2011
Rupees
Cash and Bank balances
12.2
695,667
1,024,459
695,667
1,024,459
Liquidity risk management
Liquidity risk reflects the Company's inability in raising funds to meet commitments. Management closely
monitors the Company's liquidity and cash flow position.
•
12.2.1 Liquidity and interest risk table
The following table details the Company's remaining contractual maturity for its non-derivative financial
liabilities. The table has been drawn up based on the undiscounted cash flows of financial liabilities.
Carrying amount and contractual cash flows of financial liabilities are approximately same.
Carrying amount
2012
2011
Rupees
248,562,557
48,101,976
147,549,148
Markup payable to related party
Other payables
1,248,486
155,135
297,913,019
161,337,880
•
12.3
13,633,597
Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect
the Company's cost. The objective of market risk management is to manage and control market risk exposures
within acceptable parameters, while optimizing the return on risk.
12.3.1 Foreign currency risk management
Pak Rupee (PKR) is the functional currency of the Company and as a result currency exposure arise from
transactions and balances in currencies other than PKR. The Company's potential currency exposure comprise:
• Transactional exposure in respect of non functional currency monetary items.
- Transactional exposure in respect of non functional currency expenditure and revenues.
The potential currency exposures are discussed below:
Transactional exposure in respect of non functional currency monetary items
Monetary items, including financial assets and liabilities, denominated in currencies other than the functional
currency of the Company are periodically restated to PKR equivalent, and the associated gain or toss is taken to
the profit and toss account, The foreign currency risk related to monetary items is managed as part of the risk
management strategy.
Transactional exposure in respect of non functional currency expenditure and revenues
Company is in development phase and there are only expenditures relating to foreign consultants which are not
in Pak Rupees. These currency risks are managed as a part of overall risk management strategy.
The Company does not have exposure to foreign currency risk except for commitments as at June 30, 2012
amounted to Euro 52,000 (2011: 52,000) relating to Termination fee, payable on cancellation of contract.
12.4
Interest rate risk
The interest rate risk is the risk that the value of the financial instrument will fluctuate due to changes in the
market interest rates.
Profile
At the reporting date the interest rate profile of the Company's interest bearing financial instruments are:
- - FATIMA ENERGY LIMITED
2012
2011
2012
2011
Rupees
12.5
15.04
15.96
34,468,379
6,828,533
Determination of fair values
Fair value of financial instruments
Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable
witting parties in an arms length transaction other than in a forced or liquidation sate.
The carrying values of all financial assets and liabilities reflected in the financial statements approximate their
fair values.
13
RE-CLASSIFICATION AND RE-ARRANGEMENTS
Corresponding figures have been re-classified and re-arranged wherever necessary to reflect more appropriate
presentation of events and transactions for the purpose of comparison. Significant re-classification is as follows:
14
From
To
Reasons
Office equipment
Computers
For better presentation
Rupees
147,423
TRANSACTIONS WITH RELATED PARTIES
The related parties comprise associated undertakings, directors of the company and key management personnel.
The Company in the normal course of business carries out transactions with various related parties. The amount
due to is shown under note related to loan from related party and markup payable on this loan. Significant
transactions with related parties are as follows:
Nature of relation
Nature of transactions
2012
2011
Rupees
Associated company
Receipt of loan
101,013,409
Markup payable on loan
34,468,379
Consultancy fee paid on behalf of
Company
15
123,302,967
6,828,533
986,486
DATE OF AUTHORIZATION FOR ISSUE
These financial statements have been approved by the board of directors of the Company and authorized for
issue on OC4Qbeiv Oh y. ;')-4711-2
16
GENERAL
The figures have been rounded off to the nearest Rupee.
Director
t,
,
e
cci
0e
ci
"cc
D
cup
h;:is e toti,il
o HH H bill;un;
CSC goe
v,:s.1181 billion RP,118,
rPlation Lo the deveiopinenl_ of the
the fr,-elov.,,iT, mc);-,.u'osidlaries e';
i ..-,sry out a the nececseot FPC works:
Shanghai Mw-ine
founded in lhC11t no c e
(h(°711 \
p;,,r-t; cC
cl.
.)-1
Industry
•
i.;.
rhloa
C.;
ccc
/ 11 is
cL,
- ,f
;-
iJ
2
1urrikey
is W;
- 1 „-) 1; 0',
I
:1,1•J
Prti,,e;c.ts,
•
ccc,,H
•
co
;q7,1r,ei:', ,-; by the
D
ph-Loiy
MW
2 /4 MAN
!-'rojt fur
PM
1)rojoct fc,
•
s
Cier)sc-ts
21Dvl\N'21,::: ,-,;c;,?.:).,:2 ,,,H,
(
Tr
•
Karopisid-fn,,
L20p7 Dios& Enginc
CSIC-711 Experience List
•
•
Biomass and Environmental Protection Projects
4'11011111113Y4t111%-t--flIAM
'.1.111 1 rirdirth Is.
CSIC Experience List for Biomass Power Plants
Project Cost
Sr. #
Project Name
Project
Project Capacity
Name
Project
RMB
US$
Completion
Million
Million
Date
CSIC
Role
Engineering,
2x130T/h
Design, Equipment
Weixian
Boilers+2x24MW
Supply, Erection
Biomass
EPC
552
85
2007 1 30
Steam Turbine
Work,
Contractor
Power Plant
Generator
Commissioning
Engineering,
2x130T/h
Design, Equipment
Sheyang
Boilers+2x24MW
2
Supply, Erection
Biomass
EPC
561
Steam Turbine
Work,
86
2007 6 26
Contractor
Power Plant
Generator
Commissioning
Engineering,
1x130T/h
Design, Equipment
Chengan
Supply, Erection
Biomass
Boilers+1x24MW
3
299
46
EPC
2007 2 24
Steam Turbine
Work,
Power Plant
Generator
Commissioning
Engineering,
Design, Equipment
4
Contractor
Yunnan
Shaotong
EPC
Supply Erection
Waste Gas
Work,
Generation
Commissioning
Power Plant
2*6MW
168
26
2009 12
Contractor
Eng.neenno
C7Jangxi
Design Egilipment
Fdstil
5
SLc,-,ply Erc. cY",r
Vslo k
2 IcriaS
6 1 06:?k,J1/
7 ,'J-
EPC
,:0 i0
'Orltrseter
Pl'OteCTiC11
1_17
t - -MAK
firaU..°
Weixian Biomass Power Plant
AW Steam Turbine Generator
2x130Tili Boilers'-2x241■
Energy Ci:.-1:1:5?::vai- ic-E. ar:d Euvf ronnieni
Power P7cf ect
t --MAW
Sheyang Biomass Power Plant
•Fa1E1'u
ei Proje:
fr"
_ 7,iroEment'a I Protection
t
ChengAn Biomass Power Plant
-t--krgrA
a
i1d -
We will forge a platform in which career success can be
41111111, achieved by our employees, innovate business to add
more value to our customers, make every effort to
maximize the value of enterprise, and try to become an
international competitive and respectful corporation.
AIELft= Witt--11MWAY4.1.fititib*IkARtsf-0., stAtit.
IIMAYark41:11WA-10.21JrtkikAtill.
411111111111110 Better Power Solutions, Better Services!
ketert St-filigliP#11#315111b3bii**1141.0011.*
41111110
To take the lead in China both in the technology and
product of Diesel Engines and Power System.
Atom layentoniquartairavoqofitms.
(64
t--HR
-tcnest
!-,
realistic siTle c4
?•-4c1
cooperatic7.
111111111V
Allr
01111MIN
Fatima Energy
i'11
1
0
EXTRACT OF MINUTES OF MEEING OF THE BOAkD OF DIRECI ORS OF FATIMA
ENERGY LIMITED HELD ON JANUARY 18, 2013
Resolved that each of Mr Fowud A11111(2d Mukhtar and Mt I azdl Al mod -Inorl-.1 1 have Jointly and
severally been duly euthonzed to
1
File (1) the Application for Generation 1 icenso hi) the !di ift Petition, arid hi,) any documents
in support thereof and/or to make any or
representations on behalf of Fatima
Energy 1 milted, before the National Electric Power legulatory Authority in relation to 120
MIN co-generation power project of Fatima Energy t united intended to be situated at the site
of Fatima Sugar Mills Lmited, Senawan, I ohsil Kot Ado, District klieattargarh Punjab
Pakistan, and
To undertake any mditer(s) necessdi y or incidenial Morel()
• CERTIFIED TRUE COPY
I hereby certify that the above resolution was rely passed at the mooting at the Hoard of
!rectors of the Comp=any heist on .ianilary 1%3 ":e1.3
COMPANY SECRETARY ,1
Plant Site Fe7di ra,uh.S;•-inawdn, Sot Aden,
PABS 52 66 ?260`)1,4-:,, i ax f 22 66 2250512
■
..hi Office I 110, Khayaban e Jin1411), 1.1110re C, 1110 , Pslt< ; 112 42 111 I Al IMA (111,-120 1521,1-,A ■
-1!..• 1 2 :14‘2112469, Web www lalima-group
COW
1.0
GENERAL
2
2.0
SCOPE OF WORK
3
3.0
EXTENT OF WORK
5
3.1
MOBILIZATION PERIOD
........
5
3.2
OPERATING PERIOD.
6
33
THE OWNERS OBLIGATIONS
9
4.0
TERMS OF THE AGREEMENT
10
4.1
MINIMUM ANNUAL COMMERCIAL AVAILABILITY
10
4.2
TERMINATION OF CONTRACT
11
4.3
EVENTS OF DEFAULT
11
4.4
FORCE MAJEURE
11
5.0
OTHER TERMS & CONDITIONS
12
6.0
EXPIRY OF O&M PERIOD
12
7.0
VALIDITY OF PROPOSAL
12
8.0
COMMERCIAL PROPOSAL
13
8.1
FEES
13
8.1.1 Mobilization Fee
13
8.1.2 Fixed Monthly Fee
13
8.1.3 Variable Fee
13
82
PRICE ESCALATION
14
8.3
PAYMENT PROCEDURES & SECURITY
14
ANNEXURE-A (PROPOSED ORGANIZATION STRUCTURE)
Page
1of 15
15
O&M Solutions is pleased to presents this proposal to Fatima Energy (Pvt)
Ltd. to provide Operation & Maintenance (O&M) Services for the
proposed 100 MW Bagasse & Coal Fired Cogeneration Plant adjacent
to Sugar Mills Ltd. in the Kot-addu District , Punjab, Pakistan.
This Power Plant is intended to ensure cheap, reliable and uninterrupted
power & steam supply for the Sugar Mills. However, surplus power shall
be added into national grid The plant will operate proximately for a
certain period of days on bagasse during the cane crushing season of
the sugar plant. The plant shall also operate during the off-season for a
certain period days approximately on reserved Bagasse and Imported
Coal.
•
At the award of contract O&M Contractor shall mobilize, operate, and
maintain the power plant for the period of (07) years.
Operation and maintenance of the power plant shall be carried out
in accordance with the prudent Cogeneration plant practices. This
obligation comprises:
•
Arrangement of a complete and competent operation and
maintenance staff and the supervision and management
hereof.
•
Execution of all necessary day to day services and
maintenance as well as major overhauls in accordance with
original equipment manufacturer's instructions.
•
Page 2 of 15
'
The operation and maintenance scope should essentially comprise all
materials, plant & equipment and services required to make the plant
operationally safe, and environmentally compatible. The arrangement
shall be completed in all respects depending upon the selected
technology.
Scope of work include, but not limited to, following O&M activities:
i.
Bagasse handling system and manual reclamation
ii.
Coal receiving, handling (manual reclamation) and
management of coal storage yard and coal conveying system.
iii.
Raw water system, water treatment system, cooling water
system, waste water treatment and disposal systems.
iv.
Ash handling system and disposal arrangements.
v.
Power Island comprising of Boilers, Steam Turbines, Generators,
Condenser, Transformers, heaters, deaerator, piping, cables,
pumps, etc.
vi.
Steam supply, power supply and condensate system
connected to the sugar mills.
vii.
HV, MV and LV electrical systems including 132kV switch yard
viii.
Electrical protection systems and Metering Systems.
ix.
HSE as per applicable standards and best industry practices
x.
Management of Security of plant and colony.
xi.
Fire alarm and protection system.
xii.
Identification and management of plant safety, efficiency,
reliability and security improvement projects.
xiii.
Procurement assistance and warehouse management for spare
parts, consumables, fuel, etc.
Page 3 of 15
if l 1!()", ',
( ooHltlation wtn ',A/APDA/^',[)(.
)ant 05
per PPA provIsions
xv
Planning, management and execution of outages (forced and
scheduled).
xvi.
Management of Statutory, insurance and lenders requirements
related to O&M of the plant
xvii.
Workshop operations.
xviii.
Data collection and record keeping.
xix.
General maintenance of infrastructure within power plant like
buildings, roads, etc.
xx.
Green areas.
Page 4 of 15
Hilk
The O&M period shall start and the O&M Operator shall take over the
operation of the power plant upon the following conditions
•
The mobilization fee has been paid prior to the start of the
mobilization.
•
The plant has been fully tested and commissioned by the EPC
Contractor and is able for unlimited operation.
•
The necessary permits for commercial operations have been
granted, including applicable environmental permits, if any.
•
All relevant insurance policies have been established and
accepted by the O&M Operator.
A "Start of O&M Period Certificate" shall be signed by both parties
and include possible comments by the parties to the present state,
inventory, etc. of the power plant.
The mobilization will commence at least 6 months prior to the startup of the O&M period.
In performing the O&M Services hereunder, the O&M Contractor
shall under the direction of the Owner as to the objective to be
obtained but shall be free to exercise its discretion as to the
methods and means of its performance of the Services.
3.1
Mobilization Period
COD for training and familiarization of the operators. The
organization will be in accordance with the organization diagram
attached as Annexure-A to the proposal. During this period
Operator shall only claim the lump sum fee per month which shall
cover the salaries, transportation, site office, hiring, food expenses
and fixed fee. Following are the obligations of the operator during
the mobilization phase:
Page 5 of 15
tp
\
,
3.2
II
I
---Number
Description
3.1.1
0,-„, ,igniito the Ope,ratoCs Rei)i ttier'tative willi signatory authority, no
later than Seven (07) days offer the Native to Proceei
3.1.2
Rationalization of miscellaneous plant teams as per proposed
structure within 3 months period, after the Notice to Proceed, with
help of Owner
3.1.3
Critical; Strategic parts inventory rationalization.
3.1.4
Audit/Purchase goods and services (e.g. safety gears, consumables
and operator tools) in accordance with the O&M Agreement and as
required in order to ensure safe and reliable operations of the
Facility during the term of the O&M Agreement
3.1.5
New hiring of job qualified persons if required.
3.1.6
Review of Permits and Consents.
3.1.7
Review of Plant Operational Procedures and best practices.
3.1.8
Preliminary briefing and introduction of the contact person (s) to NTDC
with help and consent of Owner in order to reduce the
communication gap, if any.
3.1.9
Prepare, and submit to Owner for its review and approval, the initial
Annual Operating Plan for the Operating Period no later than thirty
(30) days after the Notice to Proceed.
Operating Period
Following are the obligations of the operator during the Operating
Period:
Number
Description
3.2.1
Provide Operations and Maintenance services for the Facility,
including associated and appurtenant mechanical and electrical
auxiliaries and water treatment equipment, as necessary to perform
the Work and to operate and maintain the Facility in accordance
with Prudent Utility Practice, applicable Governmental Rules, OEM
manuals/instructions and other manufacturers' guidelines.
3.2.2
On an annual basis coordinate in advance with Owner Facility
outages and power deliveries to the electrical system, all in
accordance with Annual Operating Plan and other regular
maintenance programs.
Page 6 of 15
10)1 R 11()\•
Number
3.2.3
Description
3 "eoare,
forty
and
1,j;D:111t
he (45) Says
t)
Diet
).'
j' ,
T'',
ir)). 0'," :
Annual Operating Plan for the Pa
Owner snail nave a
nn later
tnan
cc. ,, Irll'ill',:entent of the Year, the
ility for the following Year.
perco of thirty (30) days from the
day of
Operator submittal to furnish comments or approve the Annual
Operating Plan.
If no input from Owner
is
obtained within the thirty
(30) days, such Annual Operating Plan shall be deemed accepted
by Owner.
Maintain at the Facility accurate and up- to-date operating logs,
3.2.4
records, daily, weekly, monthly and annual reports regarding the
operation and maintenance of the Facility All such records to be
Agreement.
Perform periodic overhauls and maintenance required for the Facility
in accordance with OEM manuals. Operator shall furnish Owner
with reasonable advance notice of any change in the annual
maintenance which is reasonably expected to affect the availability
of the Facility.
maintained for the duration of the O&M
3.2.5
3.2.6
Implement an equipment repair and preventive maintenance
program that meets the specifications of the OEM.
3.2.7
Provide reasonable technical engineering support for solving
operation and maintenance problems for the Facility.
3.2.8
Perform the management services required to procure spare parts,
overhaul parts, tools, equipment, and supplies required to operate
and maintain the Facility in accordance with the recommendations
of the OEM.
3.2.9
Recommend Facility modifications, capital repairs, replacements and
improvements and, at Owner's written direction, implement the same
as an Extraordinary Expense.
3.2.10
Maintain accounting records regarding the O&M in accordance with
generally acceptable accounting principles.
3.2.11
Reasonably assist Owner in the enforcement of contractor,
subcontractor and vendor warranties and guarantees, if any.
3.2.12
Forecast fuel requirements and schedule deliveries of such fuel(s) for
the Facility and monitor the sufficiency in terms of quantity and
quality. Operator shall not be responsible for any costs, damages and
expenses resulting directly from fuel(s) which are not in accordance
with approved specifications as per the O&M Agreement and
Prudent Utility Practice.
3.2.13
Pay income tax imposed on Operator's personnel and business profit
tax imposed on Operator's income.
3.2.14
Schedule, hire and supervise subcontractors as may be required for
the performance of Work.
3.2.15
Operator shall update the operations and maintenance manual as
appropriate.
Page 7 of 15
iDecriphon
Number
3 2 16
9perator shall Prepor poi ;
t/ii)ntl;!,
H weekly reports
for Pk:Int
3.2.17
maintain Facility tool room eaiwnrnent on i instruments
3.2.18
Maintain Facility fire protection gnd safety equipment
3.2.19
When forced and unforeseen outages occur, Operator shall notify
Owner of the existence, nature, and to the extent possible, expected
duration of the such outage as soon as practical. Operator shall
inform Owner of changes in the expected duration of such outage
3.2.20
Operator shall maintain an accurate and up-to-date operating log at
the Facility with records of real and reactive power production for
each clock hour; changes in operating status, scheduled outage and
forced outages; and number of start-ups.
3.2.21
Obtain in timely fashion and maintain in effect all governmental
permits, licenses and approvals required to be held by Operator and
its employees in order to perform its Work under the O&M Agreement.
3.2.22
Maintain good communications and relations with the community
and Governmental Authorities.
3.2..23
Provide lubricating oils and greases provided Owner has already
engaged a long term service/supply agreement with some Party who
could provide such greases and lubricants as per OEM
recommendations.
3.2.24
Prepare and submit the annual CAPEX improvement and associated
saving proposal to owner for approval. However CAPEX cost shall be
borne by the OWNER and associated savings shall be shared on
mutual agreement.
3.2.25
Operator shall have the full access to workshop, related tools and
equipment which are currently being used. However for any special
tool or crane the Operator may back charge such costs to Owner.
3.2.26
Operator shall have complete access to the MMS and have right to
procure the materials required for the O&M. In addition to that
Operator shall be responsible for replenishing those parts which would
be available in the warehouse at the time of Notice to Proceed.
However for additional or new spares either operator shall procure
and back charge or the Owner shall arrange such part (s).
3.2.27
Operator shall accrue the Major Overhaul amount on best of his
knowledge basis however if after opening the turbine(s) some
surprises come or OEM recommends then that cost shall be borne by
the Owner.
3.2.28
Run Facility as per PPA and FSA requirements as applicable to this
O&M Agreement.
3.2.29
Operator is responsible to maintain the landscaping and upkeep of
the grounds (driveways, parking lots, fences, etc.) as provided by the
Owner.
Operator shall be responsible for building and roads maintenance,
Painting and Flooring during whole term of the Contract.
3.2.30
Page 8 of 15
A precondition to the obligations of the O&M is that the Owner will
provide the following (costs related hereto to be borne by the
Owner):
3.3.1
Designate Owner's Representative with signatory authority, no later
than seven (07) days after the Notice to proceed.
3.3.2
Make payment to the Operator as agreed in O&M Agreement in
the account specified thereto
Provide adequate and safe access to Facility.
3.3.4
3.3.5
3.3.6
3.3.7
3.3.8
3.3.9
3.3.10
3.3.11
3.3.12
3.3.13
Provide drawings, specifications, diagrams and other
information regarding the Project that is required for the
operation and maintenance of the Facility including those
furnished to Owner by construction contractors.
Obtain and maintain in effect all government licenses, permits and
approvals necessary to operate and maintain the Facility as
required by Governmental Rules and Governmental Authorities,
other than such licenses, permits and approvals as the Operator is
obliged to obtain and maintain in accordance with Part A and B.
Pay all taxes and lease expenses incurred related to the
Plant, including, without limitation, withholding, national and
regional, sales, use, stamp, gross receipt, fuel and value added
taxes, as well as import and customs duties, if any, and port lease
expenses.
Ensure the minimum quality/quantity of fuel, Baggase/Coal, as per
EPC designed requirement.
Provide and maintain in force throughout the term of the O&M
Agreement all insurance policies required by the Owner (including
but not limited to All Risk Property insurance, Boiler and Machinery
Breakdown insurance as well as insurance for Business Interruption
and/or Loss of Profit).
Arrange labor and consumables for any Warranty Claim
maintenance. After Warranty Claim Operator shall arrange the
labor and consumables.
Provide Operator open and safe access to workshop, related
tools and equipment, and warehouse.
Provide Operator with lifting devices and special tools as supplied
under the Supply Contract for the Major Equipments.
Owner shall provide family accommodation for Operator staff
according to the agreed organogram, however responsibility of
maintenance for entire colony will reside with Operator.
Owner shall provide adequate vehicles, mobile crane, dumper,
loader, electrical boom gantry. However Operator shall maintain
Page 9 of 15
HD,vDv -3.
w
3.3.14
Own
Lta 'tae
[ental
s'
t:nt-t_11! provide oroper
Open, tt..Y
-2 Owrle
to tne
order for Operator to ,induct the A
accordance with this Agreemen + Owner shall tt,')1A h,--trmiess and
indemnify Op erator for all ciarms.losses and
—
from Owner's failure to provide proper security
3.3.15
Owner to provide fixed telephone lines and broad band internet
connections to Operator. Operator shall pay for the use of such
telephone lines and internet connections
3.3.16
Owner shall take appropriate actions at its own expense for
the removal, remediation, and avoidance of any hazardous
material, sludge and ash disposal . However, Operator is
responsible to collect such hazardous material, sludge and ash in
suitable containers or area within the Facility.
3.3.17
Arrange for custom clearance and local transportation of all of the
imported equipment, spare parts, materials or supplies for the
Facility.
3.3.18
Owner shall provide strategic and safety spares required for the
reliability and availability of the Plant. Operator shall assist in
preparing lists for such spares and later on Operator shall replenish
these spares provided these may not be used under Warranty
Period.
3.3.19
Owner shall provide all spare parts, consumables, chemicals, filters
and fuels during mobilization phase thru EPC Contractor.
3.3.20
Owner shall provide proper storage facility for the spare parts
during whole term of the Contract.
3.3.21
Owner shall also be responsible to provide sufficient quantity of
chemicals related to the process during whole term of the
contract.
All sorts of invoicing and financial matters dealing with Power
Purchaser or Institutions shall be done by the Owner however
Operator may provide support, if required.
3.3.22
3.3.23
Long Term Service Agreement (LISA) with steam turbine
manufacturer and all associated costs of spares and labor.
4.1
Minimum Annual Commercial Availability
The Contractor shall be responsible to ensure the Annual
Availability of the plant according to the agreed PPA over
the term of the contract.
Other Guarantee parameters are in accordance with
performa-8 f the RFP, which are subject to the results proved
by EPC.
Page 10 of 15
■
I lilt l I I( \
the right to teiminate may only be exer cbeci it wilting, by
either party, and the contract shall stand terminated within 90
days of such notification. If a party elects not to exercise such
right, it shall be deemed waived.
Termination Buy Out Mechanism shall be devised at the time
of finalization of O&M Agreement.
Either Party (the "Non-Defaulting Party") may terminate this
Agreement for default if the other Party (the "Defaulting
Party") (i) becomes Insolvent or (ii) the Defaulting Party
commits a material breach of this Agreement and fails to
cure the breach within thirty (30) days of notice from the NonDefaulting Party, or if it is not possible to cure such breach
within thirty (30) days of such notice, fails to commence to
cure the breach and diligently proceed with the cure to
complete as soon as reasonably possible. For avoidance of
doubt, it is agreed that (a) non-payment of undisputed
amounts by either party owed to the other for a period of 30
days after such payment is due, and (b) abandonment of the
Facility, or failure to operate the plant for any reason other
than Force Majeure or planned/forced shutdowns shall be
considered to be material breaches.
4.4 Force
mai ire
Neither Owner nor Contractor shall have any liability or be
considered to be in breach or default of its obligations under
this Agreement to the extent that performance of such
obligations is delayed or prevented, directly or indirectly, due
to: (i) any damage, failure, breakdown or physical
inoperability of the power station; (ii) act of government, war,
strike, damage, failure, breakdown or physical inoperability of
the transmission system, preventing the Operator from
generating and transporting electricity to the electricity
distribution system; (iii) any other cause or matter beyond the
control of the Operator concerned.
Page 11 of 15
Following terms and conditions shall be mutually agreed at the time
of finalization of O&M Agreement
■
Limitation of LDs (Since LDs have not been provided with RFP, So
LDs impact has not been considered in proposal)
•
Maximum Aggregate Limits
Impact of PPA and BESPA have not been accounted for
however these could be considered once these contracts shall
be signed with respective parties.
■
Defect Liability/Breakdowns Limits
We are confident that we together can find a mutually acceptable
solution to the benefit of both Parties and we look forward to
meeting you, at your earliest convenience, to further discuss the
proposal. In the meanwhile and until we meet, should you require
any further information and details, feel free to contact us at any
time.
6.0 EXPIRY OF O&M PERIOD
The O&M period expires on the date 07 years after the date
of signing the certificate of "Start of O&M Period".
On the expiry date, a "Completion Certificate" shall be signed by
both parties mentioning that the O&M Operator has completed his
O&M services and including possible comments by the parties on
the present state, inventory etc. of the power plant.
7.0 VALIDITY OF PROPOSAL
The proposal is valid for 180 days after the date of submission of this
proposal unless prolonged by us in writing.
Page 12 of 15
11 ti
NI x, 11 f I
The O&M Operator shall be entitled to invoice and be paid by the
Owner the below mentioned fees.
•
•
•
Mobilization Fee
Fixed Monthly Fee
Variable Fee
Payment shall be made to the O&M Operator's account as
specified by him.
COD. During this period Operator shall only claim the lump sum fee
per month which shall cover the salaries, transportation, site office,
hiring, food expenses and fixed fee.
The mobilization fee shall be paid prior to the start of the
mobilization period, as the sum of the following firm and fixed
amount in US$ i.e. 200,000/Month.
Fixed monthly fee covers all the fixed costs under the O&M contract.
This fee is independent of the production and will be invoiced and
paid monthly as the sum of US$ 275,000/Month.
Variable fee covers all necessary spare parts, consumables and
manpower for maintenance.
The variable fee will be invoiced and paid monthly, based on
monthly meter readings at the high-voltage side of the step-up
transformer as the sum of the following firm and fixed amounts in Rs
i.e. 0.1482 Rs/KWh.
Page 13 of 15
worked DUI 01 36'; ply,
Note
Since most of the commercial contracts and project details are
unknown so all those recurring costs, fixed and variable costs
could be changed accordingly.
•
The fees of this proposal are calculated on tax-free basis for
goods, materials, liquids, equipment, and services etc. required
for the O&M contract.
EPC, PPA, Tariff determination and IA negotiations are yet to be
finalized, therefore, either parties has the right to adjust their
proposals, technically and materially, on the basis of finalized
EPC and PPA.
•
Some of the costs may be adjusted on final selection of OEMs
and Owner shall share the price of spares with the Operator.
•
All applicable taxes are pass-through as per RFP.
PRICE ESCALA !ION
Escalation in O&M Fee shall be made as 60% on USCPI & Fx and 40%
WPI based with PPA rate shall be taken as the reference rate.
8.3
I yraient Procf:dures & Security
This shall be mutually agreed between the Parties at the time of
signing the O&M Agreement.
Page 14 of 15
1
I
)1
I If \
Stationed at Head Office
Plant Manager (1)
on-site staff
Accountant (2)
HSE Coordinator (1)
Store Keeper (3)
Other Staff (3)
Manager Operations (1)
Team Leader(1)
Shift Incharge
(4)
•Managei_ Maintenanc(1);1
Team Leader (1)
Mechanical Technician (4)
Boiler Operator (8)
Turbine Operator (8)
Electrical Technician (4)
Instrument Technician (2)
Control Rom Operator (4)
Contract Labor
(for Bagasse/Coal Handling)
Utility Operator (8)
Chemist (4)
Page 15 of 15
FEL — 2x
'77-F7W11.7
0(,,p11 ,,, .
tcil Plant - Technical A3st:
,4-Tzx"-
,r 44 4
Revision A
January 2013
CdF INGENIERIE
2, we de Metz
B P. 40142
57804 FREYMING-MERLEBACH cedex
Phone. +333 87 81 15 67 - Fax +333 87 04 52 85
direction@cdfingenieneir
www.cdfingenierie fr
C F INGENIERIE
F- E L
2x&O
-- Technical Abstract
SUMMARY
1
3
2
CONTRACT
4
3
GLOBAL DATA
6
3.1
6
3.2
6
3.3
7
4
TECHNICAL CHOICES
8
4.1
Preamble
8
4.2
Generalities
8
4.3
Boiler
9
4.4
Steam turbine
10
5
11
6
TIME SCHEDULE
12
•
•
Rcvsinn A
2/12
FEL -- 2)(60 1V1VVe B j
1
Coyenet,to Jn PIant — Technical Abstract
Fatima Energy Lirrpted (FEL) is a subsidiary of the Fatima Group, located in
Province of Punjab.
,u,anoata
F
o
F3, 5.3136ac1
0
Lahr
Jura
har,wa
T.,otts
0
Khan
Pakistan
0
Sai111V a'
0
,L'a,;8-1g;ar
,F".'
0 Ballaw4 ur
Lhola):pu
C
Ja,c:aba7.
0
0
0
St• k4rptir
O
Urkara
Lad''': -1
StA
Rat rn?.rr
Kt,n
B1,11e2:Kar
0
Ja
0
Nowabshall
O
-a - Jo A:a0
Karach
0
0
Hy J,'abad
Ray.S1hdr1 KIsha^:,.Jcd-op,r
kmer0 °
Pal
0
0
El eawar
OMIT. K-,as
0
0
C' ra
0
claipt..-
- "Coal firing"
- "Coal firing"
- "Bagasse firing"
Revision A
3/12
FEL - 2x60 1NAW0 ∎?,
2
itien ?Lint — Technical Abst'act
CONTRACT
•
■
■
tank,
Mill,
Feed water pumps.
Air cooling system,
the boiler,
11111
■
■
■
Stack,
■
■
■
•
Civil works.
Revision A
4/12
FEL -- 2,60 PA , Nr..,
, -
).11
1L,on Plant - Technical Abstr act
Generally sdeaking, the whole .nstallation will ')e at least in accordance to the
NOx
SO2
Dust
CO
1,200
1,500
50
800
m•/Nm3
ms/Nm3
ms/Nm3
mg/Nm3
need of a FGT.
•
•
Revision A
5/12
FEL - 2x60 MWa B 3'11-;.;
3
GLOBAL DATA
3.1
)
(11r,j2r, _ration PI int - Technical Abstr- lot
boiler.
Bagasse
LHV
Moisture
Ash
Volatile
matters
Sulphur
Bulk density
3.2
6.8 - 8MJ/kg
46 - 53%
0 - 3.5%
31 - 48%
0 - 0.085%
100 - 170 kg/m3
South-African Coal
LHV
Moisture
Ash
Volatile
matters
Sulphur
23 - 29 MJ/kg
7 - 15%
4 - 16%
23 - 35%
0 - 0.6%
Revision A
6/12
2x60 1\111:`,/e c3 i l•s
Is assumed Wa`= ine ianges or some
example
3.3
•
•
•
LHV,
Swelling index,
Ash content,
•
•
Volatile matters,
1; , 2.11
in, )n Pant — Technical Abstr act
rnIc;t he clearly cietmed For
Process steam: 210 t/h f 100/0 - 2.6 bars (abs) - 135 °C (from controlled
•
•
Revision A
7/12
FEL -- 260 MVV,
4
TECHNICAL CHOICES
4.1
PREAMBLE
Cu'
+
ition Piaat — T,Jcilnical Abstract
4.2
GENERALITIES
Plant will be kept in standby during crop season in case of breakdown of the new
SUGAR MILLS
WATER / STEAM
CYCLE
- one controlled extraction for Sugar Mill needs, frist air heater and deareator
Revision A
8/12
FEL — 2K ,39
4.3
13 -)
Coqunerx1, ) 11 P ,mt Technics) Abstra:3t
BOILER
- Spreader
B - Seconder:: anCshelf
D - Pr.:nary an:
E - In-ecton of recvdec part:1/.7.12es
F-
* For boiler running with either coal or bagasse, the bagasse spreader is situated above the coal
one.
Revision A
9/12
2x60 r■
;111Ve B q 3i,i0 Coal Co ji;rii;iiitii)rt 13 , int - Technical Abstract
Detail
•
•
•
•
4.4
boiler design .
Superheater (2 or 3 crossflows sections),
No flue/air heater,
Economizer (bare/H finned tube).
STEAM TURBINE
and one bleed.
•
•
Revision A
10/12
FEL
5
2xr5O t\IVVre B
i1,•n Plant — Technical Abstract
•
•
✓ "Coal firing"
✓ "Coal firing"
LVC of the fuel
Boiler efficiency
Coal consumption*
Steam for FSM*
,Power produced (gross)*
Units
MJ/kg
t/h
%
t/h
t/h
Mwe
Coal : 24.715
200
89.2
26.2
0
60
* per unit
LVC of the fuel
Boiler efficiency
Fuel consumption*
Steam for FSM*
•
Units Crop Season (cogenaration mode)
MJ/kg
Bagasse : 7.317
t/h
220
84.4
%
t/h
94.2
t/h
105
Mwe
50.8
* per unit
Revision A
11/12
FEL — 2x60 MWe E3 -13
6
Cojeneration Phnt — Technical Abstract
TIME SCHEDULE
Year 01
Sr
Activity Description/Scheduled from
Effective Date
1
Basic Design, lay out and technical
specificahons of the Power PlantScheduled Acceptance Date (90 Days
2
3
4
Clarification to bidders during bidding
Bidders proposal evaluation
Year 02
Year 03
l 2 3 4 5 6 7 8 9 10 11 121 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 , 30 31 32 33 34 35 36
5
S
6
7
EPC contractor's preliminary & detail
design review - commencement subject
effectiveness of EPC Contract
!Erection supervision - commencement
!subject to effectiveness of the EPC
CONTRACT
,Assistance for teal run, commissioning &
'acceptance of the work commencement subject to effectiveness
of EPC Contract
Commissioning of power plant - subject
8
Final Design Review (As Built Drawings)
commencement subject to effectiveness '
of EPC Contract
manufacturers, giving in mind that FEL's will is to shorten the global realization as much as
possible.
Revision A
12/12
Limited
NW al
NW III I
W *WA
Fatima Group
Fatima Energy
VV
u
`
Q
120 MW BIOMASS / COAL
COGENERATION POWER PROJECT
Fatima Group of Companies
E - 110, Khayaban - e - Jinnah,
Lahore Cantt
6 IT] ©
-_
m ITU ff
.
INFORMATION MEMORANDUM
Energy Crisis - Current Scenario:
Demand has outstripped supply of electricity and the
country is presently facing power shortages of
approximately 5,000 MW during peak demand time.
The present electricity demand-supply gap, coupled
10000
with consistent growth in demand, clearly indicates
the fundamental need and market for enhancing the
6000
country's current power generation capability.
Realizing the gravity of the situation, the government
•
12000
has taken proactive actions to encourage private
sector investment in power generation. The upcoming
Fatima Energy Bagasse/Coal based Power Project is
part of these initiatives.
Installed
Capacity
2008-09
8000
4000
Installed
Capacity
2009-10
2000
0
?).4‘
OP
PQ
cY'
4,
<S,
\-\\
Source Hydrocarbon Development Institute of Pakistan & PEPCO
About the Company/Sponsors
Fatima Energy Limited "FEL" was incorporated in 2004 with an objective to build and operate a
bagasse/coal based power plant for generation, distribution, sale and supply of electricity to
National Transmission and Dispatch Company (NTDC).
The main sponsor of the company is Fatima Sugar Mills Limited one of the subsidiaries of
Fatima Group established in 1936 with a success story spread over seven decades, expanding
its horizon from trading to manufacturing.
Today, the Group is engaged in trading of commodities, manufacturing of fertilizers, textiles,
sugar, mining and energy.
•
The Group has made exceptional progress in the last two decades and has diversified into
manufacturing of sugar and fertilizers.
Realizing its responsibilities as a good corporate citizen, the Group contributes substantially to
the economic development of Pakistan through taxation, exports and by with over 10,000
people associated with their business operations, in various capacities.
The diversified operations are carried out from the following Group companies:
•
•
Fatima Fertilizer Company Limited
Pakarab Fertilizers Limited
•
•
•
•
•
Reliance Weaving Mills Limited
Fazal Cloth Mills Limited
Fatima Sugar Mills Limited
Reliance Commodities (Private) Limited
•
Pakistan Mining Company Limited
•
Air One (Private) Limited
FatInyl Fncrgy
INFORMATION MEMORANDUM
Fatima Group has acquired the capabilities of managing large industrial enterprises with a team
of professional capable of undertaking any state of the art project from the design stage,
through implementation to subsequent operation, for example:
•
Post privatization at Pakarab Fertilizers Limited improved production performance and
modernization.
•
Installed grass roots large fertilizer complex (Fatima Fertilizer Company Limited)
implemented from conceptualization, construction/erection to startup of successful
operations.
The Project — Bagasse/Coal based 120 MW Power Plant
•
FEL has taken up the implementation of power project which is designated to have a gross
capacity of 120 MW electricity generated through consumption of Biomass/Coal that will be
purchased by NTDC for a period of 30 years. The plant will be located in Sanawan, Tehsil Kot
Adu, District Muzaffargarh.
FEL engaged CdF INGENIERIE to carry out feasibility study for the project which would consume
the Bagasse produced by Fatima Sugar Mills Limited "FSML" during the crop season and
imported coal during off season for generation of electricity.
FEL is planning to use technology of two Spreader Stroker Boiler Solution called 2 X SS solution
which is suitable to meet Fatima Group objectives, as the Group is planning to extend its sugar
mill operations. This extension will result in increased production of bagasse over the period.
Economical highlights of the Project:
•
Construction period of the project will be thirty (30) months;
•
Debt to equity ratio would be 75 : 25;
•
Life of the project will be 30 years; and
•
Loan repayment period will be 10 years.
Environmental highlights of the Project:
•
Whole installation will be in accordance to the World Bank Standards and Pakistan
revised National Environmental Standards.
•
Noise and waste water will be taken account of during the implementation of the
project.
The committed timeline for Commercial Operations Date (COD) is November, 2015.
n(q1,..y LltnItec
J-1
4
•
•
•
MOW
WSW Ae
Fauna
Of UL1',..
•
Fatima
Our values define who we are - Fatima Group runs its business on well-defined
goals and objectives based on its Vision and Mission statements
Our Vision
"To be a dynamic business group, building robust
businesses that excel at serving their customers and
stakeholders through exceptional products and
services in industries and markets that support
progression and economic growth at community,
society and country level"
Our Mission
"To create continuous value for our customers and
consumers, inspiring confidence and respect
through the highest levels of product quality and
service."
•
;14v
Fatima GrcLp
dillOWAIIIIII
murAFAI
IMF MN=
Itiit I
the
„
vf,„„
,
group
Fatima Group
Reliance
Weaving
Mills
Limited
Fazal Cloth
Mills
Limited
Year
Established
Fatima
Sugar
Mills
Limited
Fatima
Fertilizer
Company
Limited
Reliance
Commodities
(Pvt.) Ltd
Pakistan
Mining
Company
Limited
Pakarab
Fertilizers
Limited
Fatima
Trading
Company
Limited
Fatima
Energy
Limited
Fat!rn::: L,=, r,,
r now
•
"fie SS r`
-—-
•
Annual production capacity of
Annual production capacity of
Exploration & Mining of Rock Pfl --
•
Packing material for fertilizer cor
•
2,000
Total Asset ,_,
Shareholde;‘,
1,500
Net Sales
1,000
Gross Profit
EBITDA
268
500
0
Fatima Divisions
International Trade
Fertilizers
Textile
Sugar
Companies
Pakarab
Fertilizers
Fatima Fertilizer
Fazal Cloth
Reliance
Weaving
Fatima Sugar
Status as at
31St Dec
2012 (Est.)
315t Dec
2012 (Est.)
30th Jun
2012
30th Jun
2012
30th Sep
2011
53,149
78,741
20,577
5,935
19,427
28,540
9,266
8,083
29,778
1,637
3,041
Total Assets
Reliance
Commodities
30th Jun
Total
Rs
US $
2012
(Million)
(Million)
8,648
6,298
173,348
1,769
2,115
5,957
5,078
70,383
718
19,750
8,699
5,048
362
71,720
732
16,550
2,831
914
632
88
22,652
231
16,248
3,210
846
1,178
1,710
26,233
268
Shareholders Equity
Net Sales
Gross Profit
EBITDA
•
Ntr 4141414?-'tFatr13 Gr.)L,[
Pakarab Fertilizers Ltd (PFL)
Fatima Fertilizer Co. Ltd
1
■
Acquired from government of
Pakistan under Privatization Scheme
■
Initiated as green field integrated
project with cost of USD 750 Million.
■
Nitrate
(CAN)
and
Nitro
■
(NA),
Urea,
Calcium Ammonium
Phosphate(NP).
Phosphate(NP).
Nitrate (CAN) and Nitro
■
Installation of Clean Development
Mechanism (CDM) at Nitric Acid plant
to ensure environmental compliance
and generate additional
■
Installation of CDM at Nitric Acid
plant to ensure environmer,
compliance and generate addition :;,
revenues
■
Installation of CO2 plant to generate
more revenue.
■
Effective integration to use steam
produced by Ammonia and Nitric ac,c:
plants for power generation
■
Installation of Co-Gen Power plant
and HRSG to reduce fuel gas
consumption and use of heat/steam
■
Listed on all exchanges in Pakistan
and tradable at US OTC market.
■
10% equity participation from private
Sector.
•
Agreements signed, recently, with Haldor Topsoe and Kellogg
studies of both Fertilizer units.
HALDOR TOPSEJE
CATAIY.:3ING
oji t z
Mitsubishi Corporation
0 PEI ft 4= I
Cr-1r
Kawasak. FieavyInch,tries L tu
Groupe OCP
C F INGENIERIE
%I /i` tO
E.-■
!;,--,
...•;
Sechilienne
))/ SLdec
•
6677
Fat
120 MW Bio-mass
Co-Gen Power
Fatima
Energy
is
implementation at a cost USD 210)
1st Renewable energy projeo
'
type
Developing
Phosphate Mines
Pakistan Mining would sup
phosphate rock to grow.,;
companies
In house Business
Development
Team active
International Options uncie!-
MOU Signed with
Haldor Topsoe
Green Field Fertilizer
Africa
iii a Grou,,
•
MiS7
SANY,1:7,
Fatima Groot)
•
A 120MW biomass fired power plant with an life
of 30 years .
The Project would use 'bagasse' in sugarcane
crushing season whereas 'coal' in off-season.
•
IRR on bagasse and coal based generation is 17%
and 16% respectively.
•
Tariff @ 60% annual plant factor for capacity
payment and energy charge and for excess
production only energy charge.
•
[PC contract finalized with CSIC group, China with
major equipment of European Brands.
•
Technology and technical support by CDF & SIDEC
France with over 30 years experience in setting up
& successfully operating similar projects.
•
MOW
=Sr Zt4'
Fatima
Technical
Capability
A business
experience since
1979
Multi-disciplinary team capaLH.:, JI
undertaking State of the Art P -,,„ei•.*,
Experience in Ammonia, Nitric Ad(
CAN and NP Technologies
Financial
Capability
- Total Asset of approx. US[) 2
- Fatima Fertilizers listed on Loci.:.
- ADR tradable in US OTC
Marketing
Capability
Proven Capability of marketit
& industrial goods in localacH
international markets
Business
Management
Capability
Experience of managing lark-,
organizations across industries
G
rULJP
•
maw 4,,A,z4
law
Fatima Group
perfect business sense
AFAlaixkiiCorrrn141e
pr
Pa lko1411
Fatima Group
Thank You
M1111111111111 I 111111114111111111 1111111111111
C24743E
BEFORE
AFFIDAVIT
1, Fazal Ahmed Sheikh-Director of Fatima Energy Limited, E-110, Khayahan-e-Jinnah, Lahore
Cantt duly authorized through a board resolution dated January 18, 2013, do hereby declare and
1. That the accompanying Application for Generation License has been filed before the
7. That the contents of the accompanying Application for Generation License are true and
Deponent
Verification
Verified on oath at Lahore on this 18th day of January 2013 'hat the contents of the above
affidavit are true and correct to the best of my know,ledge and belief.
MIMI I=
=III AI
MI WIND
Fatima Energy
L
I
rn
i
t
e
d
A Fattma Group Company
FEL/NEPRA/0005/02/13
27 February 2013
Ft;
The Registrar
GL C_knOL:erròw,
OPF Building, 2nd Floor, Shahrah-e-jamhuriat
G-5/2, Islamabad
Application of Fatima Energy Limited For Grant Of Generation License
Reference your letter # NEPRA/LAG-30/ FEL/1942 dated February 25, 2013 a comprehensive
reply has been submitted through our legal counsel RIAA LAW (copy attached) for clarification
of queries as mentioned in your reference letter 14 NEPRA/LAG-30/ FEL/1559 dated February 15,
2013.
Thanking You
Yours Faithfully
41"'-
Fazal Ahmed Sh e
h----
Director
Plant Site Fazal Garh, Sanawan, Kot Addu, Dist Muzaffargarh. PABX. +92 66 2250514-5, Fax +92 66 2250512
Head Office E-110, Khayaban-e-Jinnah, Lahore Gantt , Pakistan PABX +92 42 111-FATIMA (111-328-462), Fax +92 42 36621389, www Fatima-group corn
Alisan Zahir Rizsi
Ayla Ahmed
Ilasnain Nayvee
Yousaf Khosa
Bilal Shaukat
Nadir Altaf
Omer Soomro
Machar Bangash
Arshad Ali
Mansoor Changhro
Natalya Kornai
Associated Offices
RIAA LAW
ADVOCATES & CORPORATE COUNSELLORS
68, NAZIMUDDIN ROAD
SECTOR F-8/4, ISLAMABAD - 44000
PAKISTAN
Tel (92 51) 2852427-30, 2851337
UAN (92 51) III-LAWYER
Fax (92 51) 2850444
E-Mail tslamabad@naalaw corn
RIAALAW China
RIAALAW Kabul
RIAALAW U K
A LexMundi Member
www.riaalaw.com
251 February 2013
Mr. Safeer Hussain Shah
Registrar
National Electric Power Regulatory Authority (NEPRA)
OPF Building, 2nd Floor, Shahrah-e-Jamhurriyat,
G-5/2, Islamabad
Dear Sir
APPLICATION OF FATIMA ENERGY LIMITED FOR THE GRANT OF
GENERATION LICENSE
We write on behalf of Fatima Energy Limited (the "Company") with reference to your
letter bearing No. NEPRA/LAG-3o/1559 dated 15 February 2013 on the above captioned
subject matter (the "Letter")
Expressions of Interest — Regulation 3(d)(ii) of the National Electric Power Regulatory
Authority Licensing (Application & Modification Procedure) Regulations, 1999.
In broad terms, the Company has proposed the financing structure of the Project in its
tariff petition which was filed simultaneously with the petition for the grant of
generation license.
The Company is in active negotiations and consultation with the banks and other
financial institutions and has identified three potential lenders. Broad project details
and parameters have already been shared with the potential lenders and the terms and
conditions relating to the lending thereof are being finalized.
D-67, Block 4,
Clifton, Karachi
-Mall karaclo@paalaw cob
UAN (9221) III-LAWYER
191 -A, Shami Road
Cavalry Ground, Lahore Canty.
E-Mail lahore@rlaalaw corn
UAN (9242) 1 1 1-LAWYER
Suite Nos. 2 & 4. 2' Floor Cantonment Plaza
Fakhar-E-Alam Road Peshawar Cantt.
Email peshvLarnaalaw corn
UAN (9291) 111-LAWYER
RIAALAW
Page 2
The Company is hopeful that it will be able to finalize the aforesaid and submit the
formal application for the financing of the Project, containing comprehensive Project
details in early recourse and in any event before the determination of generation license.
The Company shall keep the Authority apprised in relation to the foregoing. In the.
meantime the Company requests NEPRA to kindly process the generation license
petition and the tariff petition and allow the Company a reasonable time to finalize the
terms of financing and submit the same to the Authority for its consideration.
•
Approval of Environmental Protection Agency
The Company has completed the report of initial environmental examination (IEE),
which was conducted by SGS Pakistan. Upon completion of the IEE, the Company has
duly submitted the application to the Punjab Environmental Protection Agency (PEPA).
On 5 March 2012, the application was referred to the following entities for their expert
opinion on the matter:
•
(i)
-(i)-Coal Department - Punjab University. A technical opinion dated 16 April2012 (copy attached) was provided to the Company;
(ii)
(ii) - Energy Department - Punjab CovernmentPower Development Board(PPDB). The PPDB in their letter dated 21 February 2013 (copy attached} stated
that they support and promote the development of coal and baggasse based
power projects in Punjab, however, they do not possess the requisite
environmental expertise, and invited the opinion of PEPA on the environmental
assessment of, inter aligthe Company's project; and
(iii)
; and (iii) Environment Department - University of Engineering and Technology'
(UET), -for-their-expert-opinion -on-the-matter. A response is still awaited from
UET.
The- Coal - Dep art ment--P unj ab-Univers ity -has -provided their-teehnieal-opirt iork-The
Energy-Department--Punjab Governmentrrequested-for-project- feasibility study-on-8
February 2013, a copy of which was-immediately-to-PEPA,and-was-furtherdispatched to
Energy Department - -Punjab Government-on 12 February 2013 (copy -attaehed).-The
Com pa ny-i s-s t ill-awa it i ng-res pon se-from -the--En vironm ent-Depa rtm ent—University -of
Eng ineering-and-Teehnel ogy,
The Company has collaborated with professional firms that are highly qualified and
committed to developing and commissioning the project on a fast track basis.
-- r Formatted: Indent: Left: 0", Numbered +
Level: 1 + Numbering Style: i,
+ Start
at. 1 + Alignment: Left + Aligned at: 0.09" +
LIndent at: 0.54"
Jormatted: Indent: Left: 0.54"
-
I Formatted: Indent: Left: 0", Numbered +
Level: 1 + Numbering Style: i, + Start
at. 1 + Alignment: Left + Aligned at: 0.04" +
Indent at: 0.54"
-{ Formatted: Font: Not Italic
I
Formatted: Indent: Left: 0", Numbered +
I Level: 1 + Numbering Style: i,
+ Start
at: 1 + Alignment. Left + Aligned at: 0.04" +
1 Indent at: 0 54"
RIAA LAW
I'age 3
Collectively, the Company along with its professional alliances, presents a vastly
experienced team of power sector professionals of international repute, is striving with
utmost dedication and professionalism, which, needless to say is the hallmark of the
sponsor group.
The Company hopes to receive the approval from PEPA in early recourse, which
needless to state would be submitted before the Authority for its kind perusal.
1
It is hereby requested that the petition for the grant of generation license and tariff may
kindly be processed in the interest of expeditious development of the project by the
Company. The Company will have no objection if the grant of generation license is made
contingent upon the provision of requisite approvals formfrom environment agencies to
the satisfaction of the Authority.
We hope to hear positively from you in early recourse and anticipate a favorable
outcome.
Sincerely
k
i(fkAl4cA
RIAALAW
•
Allsan 7ahir Rizvi
A) L1 .Ahmed
Dasnain Naqvce
misaf Khosa
13ilal Shaukat
Nadir .1Itaf
Omer Soomro
Mazhar Bangash
\ rshad All
Niansofir Chaughro
Natalya Kamal
Associated Offices:
ADVOCATES & CORPORATE COUNSELLORS
68, NAZ:M11DDIN ROAD
1.-8/4.1.1 2 M 113AD - 4-1000
PAKIS1111•1
11.2.1 (02 51)2852427-10, 28513(17
liAN (0' 51) 11 1-LAWYER
1 02 51)285044 )
I
1 -Mail 1:,,;(1)-1aNci 1(.(di.., (:0;11
AALAW China
R■
RIAALAW Kabul
RIAALA\V U.K.
A LexiViundi
www. ri a a I aW.COM
26
_ -1 3
February 2013
C-VAO.W,AA amt
Mr. Safee• Hussain Shah
Registrar
National Electric Power Regulatory Authority (NEPRA)
OPF Building, 2nd Floor, Shalirah-e-Jamhurriyat,
C-5/2, Islainab;ld
•
Dear Sir
APPLICATION OF FATIMA ENERGY LEVIITFD
GENERATION LICENSE
THE AY_
F■
We write on behalf of Fatima Energy Limited (the "Company") with reference to ',ToL,r
letter bearing No. NEPRA/LAG-3o/1559 dated 15 Febrhavy 2013 on the above captioned
subject matter (the "Letter")
•
Expressions of Interest — Regulation 3(d)(ii) of the National Electric Power Regulatory
Authority Licensing (Avnlication & Modification Procedure) Reaulations,J999.
o ny has proposed the financing structure of the Pfoieet in its
in broad. terms, the Comrm
tariff petition which was filed siniultaneousiv nilh the petition foi Dili
generation 'license.
The Company is in active negotiations and consultation with the han'Kr, end
institutions and has identified three potential lei-3d ens. Broad pcoject
and parameters have already been shared with the potential lendeus and the .erns and
conditions relating to the lending thereof are being finalized.
n
onwanna......7
D-67, Nods 4,
Ufton,
L.:1;161a (-11;_11:1\\
AWYER.
11AN (92 21) 1
col()
141- k, Sh111113140a(1
4-11,81r), Gr(1)(1(.6,1.),910(....
I--Marl
::0111
DAN (r0242) 111-1 /Vie"( HZ
Nos. 2 & 4, 2"' Floor C'•int"un enl Pbt.r.a
!am R)).1(1 Pes1)(1%%;-(r;
;(1-( ,,:(ZILU,IV, 0,21,1
I mai', )),((-1P.\■
N (02 91) 111-i AW s(11
RIAALAW
Page 2
The Company is hopeful that it will be able to finalize the aforesaid and submit the
formal application for the financing of the Project, containing comprehensive Project
details in early recourse and in any event before the determination of generation license.
The Company shall keep the Authority apprised in relation to the foregoing. In the
meantime the Company requests NEPRA to kindly process the generation license
petition and the tariff petition and allow the Company a reasonable time to finalize the
terms of financing and submit the same to the Authority for its consideration.
Approval of Environmental Protection Agency
The Company has completed the report of initial environmental examination (IEE),
which was conducted by SGS Pakistan. Upon completion of the IEE, the Company has
duly submitted the application to the Punjab Environmental Protection Agency (PEPA).
On 5 March 2012, the application was referred to the following entities for their expert
opinion on the matter:
•
(i)
Coal Department — Punjab University. A technical opinion dated 16 April
(copy attached) was provided to the Company;
(ii)
Energy Department — Punjab Power Development Board (PPDB). The PPDB in
their letter dated 21 February 2013 (copy attached) stated that they support and
promote the development of coal and baggasse based power projects in Punjab,
however, they do not possess the requisite environmental expertise, and invited
the opinion of PEPA on the environmental assessment of, inter cilia, the
Company's project; and
(iii)
Environment Department — University of Engineering and Technology (UET). A
response is still awaited from UET.
2012
The Company has collaborated with professional firms that are highly qualified and
committed to developing and commissioning the project on a fast track basis.
Collectively, the Company along with its professional alliances, presents a vastly
experienced team of power sector professionals of international repute, is striving with
utmost dedication and professionalism, which, needless to say is the hallmark of the
sponsor group.
The Company hopes to receive the approval from PEPA in early recourse, which
needless to state would be submitted before the Authority for its kind perusal.
RIAALNW
Page 3
It is hereby requested that the petition for the grant of generation license and tariff may
kindly be processed in the interest of expeditious development of the project by the
Company. The Company will have no objection if the grant of generation license is made
contingent upon the provision of requisite approvals from environment agencies to the
satisfaction of the Authority.
We hope to hear positively from you in early recourse and anticipate a favorable
outcome.
Sincerely
•
•
RIA,,MLA-W
Fatima Energy
Limit
ed
FEL/NEPRA/0001/02/13
February 08, 2013
Mr. Iftikhar Ali
Deputy Director
2nd
Floor, OPF Building,
G-5/2,
ISLAMABAD
APPLICATION OF FATIMA ENERGY LIMITED (FEL) FOR GRANT OF GENERATION LICENSE
This has reference to your letter no. NEPRA/LAG-30/FEL/871 dated February 06, 2013 on the
subject.
Attached please find herewith the required information, clarification and documentation in
response to your above letter.
Thanks and best regards
gy
A
cr4c;
Fl
161 '
For and on behalf of
e
Fazal Ahmed Sheimi
CEO/Director
Encl.: As above
Head Office: E-110, Khayaban-e-Jinnah, Lahore Cantt., PABX: +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web: www.fatima-group.com
MINI all
NMI Air All
WIf 411111111111111
Fatima Energy
I JINEPRA/0001/02/13
ebr nary 08, 201
Mr. lftikhar Air
Deputy Directoi
National [Incis
[IerII Power Regulatory Authority
2"d Floor, CPI (Wilding,
6-`)/2,
ISLAMABAD
APPLICATION OF FA IIMA ENERGY LIMITED (FEL) FOR GFZANT OF GENERATION LICENSE_
Thh, has t elei enci to your letter no. NFPRA/LAG 20A t.t1871. dated Fehr nary 00, 2013 on the
Ana( hed pions' Ond lieo , with the required inform,ition, 0,-inhcation
documentation in
response to your above letter.
Thanks and best regards
For and on beliJlt
Fatal Ahmed Sheikh
CEO/Directoi
Encl.. As aboiii ,
nib otfl,
111 ,,/,11 cu H, ;.1 .1anawort, Kot Add, ,
fiont
I- I le, Kn r tyatt,nt
s hoo:111, L,1h(tr,-1,11,,m11 , PAPX
, 92 66 2250'
C? 12 111-r Atih1l,, (111-111,
441
4021
+.12 56 2250512
+ 11i1 4, ,..1t-t(1 , 21359 Web www tallnia- grOuP
cam
• Expression of Interest
• Feasibility Report
•
il
• Cooling Water Source
• Infrastructure
• System Studies
• Plant Characteristics
• Control, metering, instrumentation and
protection
•
II
1.1
Fatima Sugar Mills Limited (the "Sponsor Company") and Fatima Group ("Fatima Group" or the
"Group") — Introductory Remarks
1.1.1 Fatima Group has its roots since 1936 when the family commenced business. Thereafter, with the
hard work done over the last 75 years, the third generation of the same family now owns Fatima
Group as one of the most reputable industrial and multi-disciplinary groups of Pakistan. Today, the
Group is engaged in trading of commodities, manufacturing of fertilizers, textiles, sugar, mining and
energy. The Group has made exceptional progress in the last two decades by achieving a turnover of
circa USD 732 Million and EBITDA of USD 268 Million. Further, the Group currently operates captive
power plants with cumulative capacity of 159MW — supplying electricity to various entities within the
Group.
1.1.2 The Sponsor Company is one of the vital units of Fatima Group principally engaged in the business of
manufacture and sale of white refined sugar and molasses (as a by-product) with its daily crushing
capacity of 10,500 MT. The resulting bagasse from the sugarcane is planned to be utilized as fuel in
the Project. Fatima Sugar Mills Limited was incorporated as a public limited company in 1988 and the
mills are located at Fazal Garh Sanawan, Tehsil Kot Adu, District Muzaffargarh in the Province of
Punjab.
1.2
Project Introduction
1.2.1 The Group intends to develop a 118.9 MW co-generation power project. The Project will be located
adjacent to the existing sugar mill of the Sponsor Company in District Muzaffargarh and will utilize (a)
bagasse produced by such sugar mill along with other biomass; and (b) imported coal.
1.3
PROJECT FINANCIALS
1.3.1 Capital Structure
The Project Cost will be funded on the basis of a Debt: Equity ratio of 75:25 implying a total debt
requirement of USD 175.99 million; and a total equity requirement of USD 58.66 million, based on a
Project Cost of USD 234.66 million. In light hereof, the proposed capital structure of the Project is
outlined below:
Description
Equity
Debt — Local
Project Cost
Debt : Equity Ratio
1.3.2
Million (USD)
58.66
175.99
234.66
75:25
EPCC Cost
As submitted herein above, after carrying out a competitive and transparent bidding process spread
over 12 months, the EPCC has been finalized with the EPCC price of USD 173.62 million split as
follows:
•
•
USD 95.75 million; and
Euro 59.90 million converted at 1 Euro: 1.3 USD.
The EPCC price, for the offshore supply contract and the onshore construction contract, is split as
follows:
i) USD 77.36 million and Euro 59.9 million for the offshore supply contract; and
ii) USD 18.39 million for the onshore construction contract.
LAHORE CANTT
PAKISTAN
•
•
CdF IN
- FEL — 2x60 MWe Bagasse/Coal Cogeneration Plant — Technical Abstract
SUMMARY
1
3
2
CONTRACT
4
3
GLOBAL DATA
6
3.1
6
3.2
6
3.3
7
4
TECHNICAL CHOICES
8
4.1
Preamble
8
4.2
Generalities
8
4.3
Boiler
9
4.4
Steam turbine
10
5
11
6
TIME SCHEDULE
12
/Ision A
2/ 12
1
Fatima Energy Limited (FEL) is a subsidiary of the Fatima Group, located in
Province of Punjab.
0
C3u.ranwa[a
Kan6 91,r
0
0': °Arm
Lahor4
a
0Kas:r
J,Jha•v.....mtsr
Gaura
,Iro,co70
0
0 0
FO,
L'f,a C3,.10 Ktmnewie
Satmva■
0
Uultar
Pakistan
Faisalabad
0
aic-tts
0
0 Btthowdiptir
0
A1,1,,a_pJ
Sugar Mill
—
0
Ss
0
Pal- ,vor
0
k3rf LIFO
K.IT
Ld-kAr ,
0
Arnrr 0
0
0
0
Karach•
0
1hOil
F~ -'r
0
havte..,NAh
0
Et ■
t e•
K;_e,
0
h4,ric'abad
0
Ude.3pu-
"Coal firing"
"Coal firing"
"Bagasse firing"
L,
A
2
CONTRACT
■
■
tank,
Mill,
Feed water pumps.
■
Air cooling system,
■
the boiler,
■
•
■
Stack,
■
■
•
■
Civil works.
Re ,/c4/1,
4/12
Generally speaking, the whole installation will be at least in accordance to the
NOx
SO2
Dust
CO
•
•
1,200
1,500
50
800
mg/Nm3
mg/Nm3
mg/Nm3
mg/Nm3
need of a FGT.
3
GLOBAL DATA
3.1
boiler.
Bagasse
LHV
Moisture
Ash
Volatile
matters
Sulphur
Bulk density
3.2
6.8 - 8MJ/kg
46 - 53%
0 - 3.5%
31 - 48%
0 - 0.085%
100 - 170 kg/m3
South-African Coal
LHV
Moisture
Ash
Volatile
matters
Sulphur
23 - 29 MJ/kg
7 - 15%
4 - 16%
23 - 3 5 %
0 - 0.6%
It is assumed that the ranges of some characteristics must be clearly defined. For
example:
■
LHV,
Swelling index,
■
■
Ash content,
■
Volatile matters,
■
3.3
Process steam: 210 t/h ± 10% - 2.6 bars (abs) - 135 °C (from controlled
■
•
•
AN , A
4
TECHNICAL CHOICES
4.1
PREAMBLE
4.2
GENERALITIES
Plant will be kept in standby during crop season in case of breakdown of the new
HP
steam
■
S p rheal
707
ZP1
z
r
LP
steam
Horn Burt
AH2
AH1
LLP
steam
SUGAR MILLS
WATER / STEAM
CYCLE
- one controlled extraction for Sugar Mill needs fest air heater and deareator
Rt;visicr,
n112
4.3
BOILER
For boder iunning with either coal or bagasse, the bagasse spreader is situated above the coal
one
Rev's' crl A
Detail boiler design:
• Superheater (2 or 3 crossflows sections),
■
• No flue/air heater,
• Economizer (bare/H finned tube).
4.4
STEAM TURBINE
and one bleed.
Reisinn
•
•
✓ "Coal firing"
✓ "Coal firing"
LVC of the fuel
Boiler efficiency
Coal consumption*
Steam for FSM*
Units
MJ/kg
t/h
Coal : 24.715
200
89.2
26.2
0
60
%
t/h
t/h
Mwe _
* per unit
Units
LVC of the fuel
Boiler efficiency
Fuel consumption*
Steam for FSM*
MJ/kg
t/h
%
t/h
t/h
_ Mwe _
Crop Season (cogenaration mode)
Bagasse : 7.317
220
84.4
94.2
105
50.8
* per unit
A
6
TIME SCHEDULE
Year0
Sr N
Activity Description/Scheduled from
Effective Date
1
Basic Design, lay out and technical
specifications of the Power PlantScheduled Acceptance Date (90 Days
2
3
4
Clarification to bidders during biddin
Bidderpproposal evaluation
2 3 4 5, 6 7 8 9 10,
Year 02
Year 03
12 13 14 151 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
5
6
7
EPC contractor's preliminary & detail
design review - commencement subject
effectiveness of EPC Contract
Erection supervision - commencement
subject to effectiveness of the EPC
CONTRACT
Assistance for trial run, commissioning &
acceptance of the work commencement subject to effectiveness
of EPC Contract
Commissioning of power plant - subject
8
Final Design Review (As Built Drawings) commencement subject to effectiveness
of EPC Contract
manufacturers, giving in mind that FEL's will is to shorten the global realization as much as•
possible.
k(,visic,,i1
I 2/
2
Cooling water
Raw water will be supplied from well water against a peak demand of 450 m3/hr. 6 deep
wells are considered for this plant within the plant battery limit subject to detailed geologic
investigation after commencement date. Raw water shall be used for all purposes
(production of drinking water, production of demineralised water, cooling circuit make up,
etc...).
During construction, EPC Contractor will ensure water needs from well tube(s) to be
constructed by EPC Contractor.
).
•
EPC Contractor will be responsible of all necessary raw water quality control and
treatment for all construction purposes (concrete production, sanitary use, etc...).
Infrastructure:
1.
Plant Location
The Project is located at Sanawan, Mehmoodkot, district Muzaffargarh on an area of 62 acres
(including 12 acres for a residential colony adjacent to the sugar mills of the Sponsor Company).
The finalized layout has been attached as Annexure — A for information.
2.
Residential Colony:
A residential colony is necessitated due to the location of the Project near Kot Adu. The total
area of the colony is approximately 178,500 square feet which includes 35 houses, a bachelor
hostel, guest house, club, mosque and clinic. Further, the colony also includes 27,000 square feet
of internal roads as well as electrification and furnishing.
•
•
50r,
TOOrs
150r,
?007
2507
Ors
50rs
10117 1
15Ors
20Ors
250r,
MOLASSES PIT
T
MT L1.3,
PALPA Ma
APPPOPPL•LP PONLAIIAL LINTN or 11.
1.
F,
■
o
■
A
Ilk
LEGEND
569911E
tiouroffiy
-
ROAD BOLAIDARY
NALLATI
SLOP
INTERA TRACK
GROUND LEVEL
ELECTRIC PELT
EP
0
DIMENSION
. • • • •
1110RE' '
TRACK
"
CLIENT
ran I
113T1 •
I
-
2=
E- 1007197 51 . N- 72807097b . 2- 41148
IBM • 3 E- 1000593 27 N- 2260116 79 2- £10 70
TBM II
010)80) 2X50MW BAGASSE COGERERATION POWER PLANT
E- 1002000 86 N- 2262565 18 . Z- 412 00
E- 1000146 22 9- 2262231 08 ,
414 50
the property ol CSIC -71 I •
70). drawen.
• • • •••••S••••••L
DRAWN
CHO
PITOJ NO
AREA WITHIN MILLS BOUNDARY WALL
OVER ALL BOUNDARY Y02VE*0
(A)
2224701 63 SET - 51 00 ACRES
It • 44444 •
• • •
• • •
711PK09
• •
Stage
CLASS
SCALE
KALI
TITLE
GENERAL LAYOUT
CREA
AREA
mahout ono. written can•w).
Is not to Oa co/J.4rd or disclosed to on, 8101
APPS
(B) = 4812765 97 SF-I . 110 48 ACRES
OWE NO
711PK09-00A02
REV
REV
SHEET SHT / SHTS
National Transmission and Despatch Company Limited
Interconnection Study for Power Dispersal of
100MW Fatima Energy Limited Power Project
to the National Grid System
•
(Report-1)
Planning (Power) NTDC
PIA Tower, Egerton Road, Lahore
October 2011
Executive Summary
Executive Summary:
1.
M/s Fatima Energy Limited--A Fatima Group of Company; intends to set up a
100 MW Bagasse/coal based co-generation power plant adjacent to the
Fatima Sugar Mills near Kot Addu. Planning Power NTDC was approached to
carry out interconnection studies of the said power plant. Accordingly, the
load flow studies have been carried out, considering various options of
connectivity with the local transmission network.
2.
The load flow analysis has been carried out for system operating conditions
of January and Aug/Sept. corresponding to the typical winter and summer
seasons in order to evaluate the identified interconnection options for
Fatima Energy power plant in the light of NTDC's Grid Code.
3.
The interconnection options considered for power dispersal of said power
plant in the report are as under:
Interconnection Option #1:
"A 220kV b/C transmission line, approximately 15.5 km long on
single Rail Conductor, for looping In/Out of one circuit of
existing Muzaffargarh-PARCO 220kV b/C transmission line at
Fatima Energy power plant."
Interconnection Option #2:
"A new 132kV b/C transmission line, approximately 35 km long
on Raid conductor, from Fatima Energy power plant to
Muzaffargarh New 220/132kV substation."
4.
The system network involved in Option#1 is workable under normal and N-1
contingency conditions but it was not explored further due to dedication of
220 kV D/C Muzaffargarh-PARCO transmission line for PARCO.
5.
Interconnection Option #2 has been studied and evaluated in detail and has
been found reliable and hence recommended. The cost estimate of the
proposed interconnection scheme for Fatima Energy power plant is
approximately Rs. 509.87million.
Interconnection Study Report-1 for Fatima Energy Power Plant
Table of Contents
Description
Page No.
1
Introduction
1
2
Interconnection Options for Power Dispersal of 100 MW
Fatima Energy Power Plant
2
3
Load Flow Analysis
3
3.1 Load Flow Studies (Interconnection Option #2)
4
3.1.1 Peak Load January 2014
4
3.1.2 Peak Load Aug/Sept. 2014
5
3.1.3 Inference about Interconnection Option #2
6
4
Cost Estimate for the Proposed Interconnection Option
7
5
Information Required for Short Circuit and Stability Studies
8
•
6 Conclusions
9
Figure #1: Geographical Diagram of Proposed Interconnection Option
10
Annexure-1: Information Provided by M/s Fatima Energy Limited (8 pages)
Annexure-2: System Demand and Expansion Plans (9 pages)
•
Annexure-3: Load Flow Study Exhibits (10 pages)
Annexure-4: Information Required for Short Circuit and Stability Studies (7 pages)
Introduction
Interconnection Study Report for Power Dispersal of
100 MW Bagasse/Coal Based Cogeneration Project by
Fatima Energy Limited.
1. Introduction
This Interconnection Study Report-1 contains the load flow studies
carried out by Planning (Power) NTDC to propose the transmission
interconnection scheme for dispersal of power from 100 MW Fatima
Energy Power Plant to the National Grid System.
This
interconnection study has been carried out on the request of Fatima
Energy Limited, which is planning to set up a Bagasse/Coal based
cogeneration power plant of 100 MW in MEPCO region. As per
information provided by M/s Fatima Energy Limited, the proposed
plant comprises of two units (STs) with capacity of 50 MW each.
The commercial operation date of Fatima Energy Limited is
expected in first quarter of 2014.
1
Interconnection Options
2. Interconnection Options for Power Dispersal of 100 MW Fatima
Energy Power Plant
The objective of the interconnection study is to propose a transmission scheme for
dispersal of power from Fatima Energy power plant to the grid system in a
technically reliable manner under both normal and single line contingency
conditions. The following interconnection options have been considered in view of
the location of the said power plant and the system network in the vicinity:
Interconnection Option #1
"A 220 kV D/C transmission line, approx.15.5 km long on single
Rail conductor, for looping In/Out of one circuit of existing
Muzaffargarh — PARCO 220 kV D/C transmission line at Fatima
Energy Power Plant."
In this interconnection option the transmission lines has adequate capacity to
accommodate the flow of power from Fatima Energy plant to the system under
normal and N-1 contingency conditions but the 220kV D/C transmission line from
Muzaffargarh to PARCO is owned by PARCO and has also been dedicated to feed
load of PARCO. In addition, PARCO is also planning to set up a new power plant at
the same location.
Keeping in view all these factors, Interconnection Option #1 has not been studied
and evaluated further.
Interconnection Option #2
"A new 132 kV D/C transmission line, approx. 35 km long on Rail
conductor, from Fatima Energy Power Plant to Muzaffargarh
New 220/132 kV substation."
The geographical diagram showing above interconnection option #2 for dispersal of
power from Fatima Energy power plant to the National Grid is attached as Figure #1.
2
Load Flow Analysis
3.
Load Flow Analysis
The necessary load flow studies have been carried out for the peak load conditions
of January and Aug/Sept corresponding to the typical winter and summer seasons
respectively. In this regard, system scenarios for peak load condition of January
2014 and Aug/Sept. 2014 have been simulated to analyze the proposed
interconnection option for its adequacy for dispersal of power from Fatima Energy
power project and also to assess the impact of the proposed generation of Fatima
Energy power plant on the power system network in its vicinity.
The assumptions considered for the load flow studies are given as under;
•
Latest load forecast.
•
Latest generation expansion plan.
•
Latest transmission expansion plans of NTDC and DISCOs especially, the
expansion plans of MEPCO.
•
The system has been assumed to be operating in an interconnected manner,
however, some necessary line openings have been assumed at some parts of
the network as per system requirements.
•
The gross output and auxiliary consumption of Fatima Energy power plant are
100 MW and 8.4 MW respectively as per information provided by the project
sponsor. Therefore, the maximum net output of Fatima Energy power plant
has been assumed as 91.6 MW in both summer and winter study scanrios.
•
The maximum generation capacity has also been assumed at the existing
power plants of Muzaffargarh, KAPCO, AES Lalpir and AES Pakgen located
in the vicinity of Fatima Energy power plant.
•
The subject interconnection study report is based on the information supplied
by M/s Fatima Energy Limited. NTDC/PEPCO is not responsible for the study
results on account of any deficiency and/or inaccuracy of the supplied
information.
The future system demand, generation and NTDC transmission expansion plans
considered in the studies, have been attached as Annexure-2.
3
Load Flow Analysis
System Study Criteria
The load flow studies have been carried out keeping in view of the following system
operating criteria/limits in accordance with NTDC's Grid Code:
Voltage Limits:
±5% under normal and ±10% under contingency
conditions. However, voltages at some generation
buses and some substations may be kept upto +8%
under normal operating conditions as per network
configuration and/or system requirements.
Transmission Line
Loading Limits:
Transformer
Loading Limits:
80% under normal and 100% under N-1 contingency
conditions.
80% under normal and 100% under N-1 contingency
conditions
Another important technical criterion for the adequacy of the proposed
interconnection is that Fatima Energy power plant and the rest of the power system
should operate reliably and within above mentioned operating limits both under
normal and single line contingency conditions.
3.1 Load Flow Studies (Interconnection Option #2)
The load flow studies for various system scenarios with Interconnection Option #2
regarding dispersal of power from Fatima Energy power plant to the system are
described as under:
3.1.1 Peak Load January 2014
Load flow study for the peak load of January 2014 under normal system
condition is attached as Exhibit #1. As per load flow study, the power flows on
Fatima Energy plant — Muzaffargarh New 132 kV D/C line is 2 x 45.8 = 91.6 MW
which is well within limits considering the 202 MVA capacity per single circuit of
Rail conductor at 132 kV. In this scenario, 132 kV transmission line from Multan
4
Load Flow Analysis
Industrial to MESCO has been kept opened. The study depicts that the system
would be operating well within limits under normal conditions, i.e., the voltage
profile of the system is within limits and there would be no transmission system
constraints in the flow of power from Fatima Energy power plant to the system.
Load flow studies have also been carried out for a single line (N-1) contingency
analysis and are attached as Exhibit #2-5. It is found that the power flow on the
other transmission lines and the voltage profile of the system remain within limits
in case of single line contingency of critical sections in the vicinity of the Fatima
Energy power plant.
The results of the load flow studies are summarized as under:
Exhibit #
2
System Conditions
Remarks
Fatima Energy plant — Muzaffargarh
No violations of planning
New 132 kV S/C out
criteria in terms of line
loading and voltage on
bus bars.
3
Muzaffargarh New — Multan
-do-
Industrial 132 kV S/C out
4
Muzaffargarh — Multan Industrial
-do-
132 kV (circuit#1) out
5
-do-
3.1.2 Peak Load Auq/Sept. 2014
Load flow study for the peak load of Aug/Sept. 2014 under normal system
condition is attached as Exhibit #6. As per load flow study, the power flows on
Fatima Energy plant — Muzaffargarh New 132 kV D/C line is 2 x 45.8 = 91.6 MW
which is well within limits considering the 202 MVA capacity per single circuit of
Rail conductor at 132 kV. In this scenario,132 kV transmission line from Multan
Industrial to MESCO has been kept opened. The study depicts that the system
5
Load Flow Analysis
would be operating well within limits under normal conditions, i.e., the voltage
profile of the system is within limits and there would be no transmission system
constraints in the flow of power from Fatima Energy power plant to the system.
Load flow studies have also been carried out for a single line (N-1) contingency
analysis and are attached as Exhibit #7-10. It is found that the power flow on
the other transmission lines and the voltage profile of the system remain within
limits in case of single line contingency of critical sections in the vicinity of the
proposed plant.
The results of the load flow studies are summarized as under:
7
Remarks
System Conditions
Exhibit #
Fatima Energy plant — Muzaffargarh
No violations of planning
New 132 kV S/C out
criteria in terms of line
loading and voltage on
bus bars.
8
Muzaffargarh New — Multan
-do-
Industrial 132 kV S/C out
9
-do-
10
-do-
3.1.3 Inference about Interconnection Option #2
As per load flow study results for various operating scenarios, Interconnection
Option #2 has been found as a reliable interconnection option for power
dispersal of Fatima Energy power plant under normal and single line
contingency conditions.
On the basis of above analysis, Interconnection Option #2 is proposed and
recommended for dispersal of power from Fatima Energy power plant to the
National Grid.
6
Cost Estimates for the Proposed Interconnection option
4. Cost Estimates for the Proposed Interconnection Option
The cost estimates for the proposed interconnection option to disperse power from
Fatima Energy power plant to the National Grid is as under:
Sr.
No.
Description
1
A new 132 kV D/C transmission
9.834 Million
line, approx. 35 km long on Rail
per km
Unit Rate
Quantity
Cost
(Rs. Million)
35 km
344.19
2
20
(Rs. Million)
conductor, from Fatima Energy
power plant to Muzaffargarh
New 220/132 kV substation.
2
132 kV Line bays at
10
Muzaffargarh New
Sub-Total
3
364.19
Misc. expenditures including supervision, administration,
145.68
engineering, consultancy & contingent expenditures etc.
(@ 40% of Sub-Total)
Total Cost of Proposed Interconnection Scheme
509.87
Note:
a) The lengths of transmission lines in the proposed interconnection
scheme of Fatima Energy power plant are approximate. The exact line
lengths would be confirmed after detailed route survey and it would
affect the cost estimates accordingly.
b) The above cost estimates assume completion of interconnection
scheme for Fatima Energy power plant in the year 2013.
7
5.
Detailed short circuit and transient stability studies will be carried out later upon the
submission of design parameters/specifications of generators & step-up
transformers and the dynamic models for generators, exciters along with Power
System Stabilizers (PSS) being a part of Excitation system, and governors by the
project sponsors. These studies will be required to calculate short circuit levels at
132 kV switchyard of Fatima Energy power plant and other substations in its vicinity
•
•
and also to assess dynamic performance of the power plant and the system subject
to large disturbances. In addition, reactive power capability curve of generators
must also be provided by the project sponsor.
Conclusions
6. Conclusions
(1) The following interconnection scheme has been proposed for reliable dispersal
of power from Fatima Energy power plant to the National Grid under normal
and N-1 contingency conditions:
"A new 132 kV D/C transmission line, approx. 35 km
long on Rail conductor, from Fatima Energy Power
Plant to Muzaffargarh New 220/132 kV substation."
(2) The cost estimates of the proposed interconnection scheme for Fatima Energy
power plant are approx. Rs. 509.87 million.
(3) The benefits associated with the proposed interconnection scheme for Fatima
Energy power plant mainly include:
i.
Reduction in the loading of 220/132 kV transformer at Muzaffargarh
New 220 kV substation.
ii.
Better voltage control at/around Muzaffargarh New 220 kV substation.
iii.
Improvement in system reliability, especially for MEPCO load center
at/around Muzaffargarh New 220 kV substation.
(4) Short circuit and transient stability studies would be carried out later in (final)
Interconnection
Report-2
after
receipt
of
complete
design
parameters/specifications of generators & step-up transformers and the
dynamic models for Generators, Exciters, Power System Stabilizers and
Governors by the project sponsor.
(5) The comments on Interconnection Study Report-1 are welcome from the
project sponsor and these would also be incorporated in the Study Report-2.
9
FIGUkE # 1:
INTERCONNECTION SCHEME FOR POWER DISPERSAL
OF 100 MW FATIMA ENERGY LIMITED POWER PROJECT
AES
PAK LALPIR
GEN.
GATTI
(FAISALABAD-N)
D.G.KHAN
GUDDU NEW
GUDDU
PARCO
'N„
BAHAWALPUR
TOUNSA
M. GARH
MULTAN
D.G. KHAN
MULTAN
FATIMA ENERGY
100 MW
___
35 km 141.-----1
-----------CHAK-139 KBGASHER
M . GARH
NEW
KOTADDU
II
KEPCO
M. GARH
IND.
ESTATE
GUJRAT
SOUTH /,
V
KHAN GARH
MULTAN
NOTE:
DOTTED LINES INDICATE SCOPE OF
PROPOSED INTERCONNECTION OPTIONS
10
An nexure-1
•
Information Provided by M/s Fatima Energy Limited
•
G.M.PLANNING
POWEWNTOC
21111W AEI
ENV Affr AI
NV WIMP
16 August, 2010
Fatima Energy Ltd.
General Manager Planning,
Pakistan Electric Power Company Limited
PIA Building,
Lahore
Subject:
LOAD FLOW & CONNECTIVITY STUDY
Reference:
PROPOSAL FOR IMPLEMENTATION OF 100 MW BAGASSE / COAL BASED
COGENERTAION PROJECT UNDER THE NATIONAL POLICY FOR POWER
COGENERATION BY SUGAR INDUSTRY
Dear Sir,
In continuation to our today's telecon we are pleased to submit Project details and other relevant
information as under:
Project Name
Project Location
Sanawan, Kot Addu, Dist Muzaffargarh, Punjab
Proposed capacity
100 MW
Plant factor
60% plant factor
Basic outline of
structure and plant
the A two unit configuration approach i.e. 2 X 50 MW has been
adopted. The boiler technology used in this configuration is
Spreader Stocker boilers. In this case one unit will burn bagasse
only and the other unit will run on coal. However, both units would
have dual fuel bagasse/coal burning capability.
You are kindly requested to conduct above referred study enabling us to promptly approach
NEPRA for obtaining Generation License and determination of the tarrif.
lftikhar Baig
;GM Business Development
Head Office : 2nd Floor, Trust Plaza, L.M.Q. Road, Multan. Pakistan. /
Tel: 061-512031-2 Lines Facsimile: (92) 61-511677, 584288
NATIONAL TRANSMISSION & DESPATCH COMPANY LIMITED
Office of the
General Manager Planning (Power)
5th Floor, PIA Building, Egerton Road, Lahore
Phone: 042-99202545
Fax No: 042-99202604
-d3
No.GMPP/CEMPITRP-3001Fatima Energy/fk,
0 6 JAN 2011
Chief Executive officer MEPCO
Khanewal Road, Multan.
Fax: 061-9210350
Atten: Chief Engineer (Operation)
Sub: Interconnection of 100 MW Bagasse/Coal Based Cogeneration Project of Fatima Energy
Fatima Energy Ltd. is putting up the subject power plant at Sanawa, District Muzaffargarh and it is likely
to be connected with the 132 kV network of MEPCO as a result of the interconnection studies to be
carried out by Planning (Power). A site visit has been scheduled for this purpose on the dates, 10-11th
January 2011 along with representative of the sponsors.
Kindly depute a representative from MEPCO, well conversant with the local network for associating with
the Planning (P) team for site survey and data collection of the existing 132 kV network in Muzaffargarh
area. For coordination purpose, the deputed person may contact with the following;
Ch. Muhammad Akhtar, Manager Planning (P)
Cell No.0347- 4447726
( Nisar Ahmad Ba m
?2
,
C Chief Engineer Master Planning
For info;
1. G M (WPPO) NTDC WAPDA House Lahore.
2, GM (SD) NTDC WAPDA House, Lahore.
3. M/s Fatima Energy Ltd., E-110, Khayaban-e-Jinnah, Lahore Cantt. They are advised to
deposit NTDC service charges amounting to Rs.1.5 Million, payable to GM (SD) NTDC
WAPDA House Lahore, on account of load flow, short circuit and transient stability studies
for interconnection of the subject power plant. (Atten. Mr Amer Baloch, Unit Manager,
Projects, Fax: 042-36621389)
-
Master File
Fiiima Energy
1111111/■
1111
IN/ fall=
FEL/NTDC/2011— 3? —
February 11, 2011
The General Manager,
Planning Power,
NTDC, 5th Floor,
PIA Building,
Egerton Road,
Lahore.
SUB:
Interconnection Study for 100 MW Bagasse/Coal Based Co-Generation Project by
M/s.Fatima Energy Limited.
REF:
Letter No.GM/WPPO/CE-II/DH/1770-71 dated 08.02.2011.
•
Dear Sir,
We have deposited Rs.1,500,000/- (1,500,000 — 6% withholding tax) in the office of G.M
(Services Division) NTDC against load flow, short circuit and transient stability study charges.
(Copy of D.D attached).
Now, we have to provide copy of load flow study to our French Consultant for development of
basic design of our cogeneration project planned to be completed by April 2011.
It is requested to please accord priority and provide load flow study at the earliest.
Your cooperation will be highly appreciated.
•
Thanking you,
Yours faithfully,
For FATI ENERGY LIMITED
IFTI AR MAHMOOD BAIG
G. Business Development
Plant Site: Fazal Garh, Sanawan, Kot Addu, Dist. Muzaffargarh. PABX. +92 66 2250514-5, Fax: +92 66 2250512
Head Office. E-110, Khayaban-e-Jinnah, Lahore Cantt., PABX• +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web. www.tatima-group.com
J:77:7
7.1"Â7!,
-Wii".4.rA4111111111111111MIME
Office of the
5th Floor, PIA Building, Egerton Road, Lahore.
Phone: 042-99202545
Fax No: 042-99202604
No. GMPP/CEMPITRP-300/Fatima Sugar Mills/
55‘-s7
2 3 FE 7011
Ws. Fatima Energy Ltd.
Lahore, Cantt.
Fax: 042-36621389
Atten: Mr. Iftikhar Mahmood Baig, G.M. Business Development
Sub:
Interconnection Study for 100 MW Bagasse/Coal Based Co-Generation Project by
M/s. Fatima Energy Limited
Ref:
No. FEUNTDC/2011-37-TCS dated 11-02-2011 and the site visit by PEPCO/Planning
Engineers regarding the subject matter along with your representative.
Please be informed that system studies have been initiated to propose interconnection scheme for
power dispersal of the subject project. At first stage, load flow studies will be carried out to determine
the voltage and scope of the interconnection of the proposed plant. At later stage the Short Circuit and
Transient Stability Studies will be carried out, when the following information pertaining to Generators,
Exciters & Governor etc. will also be supplied to us;
i) Expected commissioning date.
ii) The geographical map indicating the location of the plant site and its distances from the nearby
grid stations and transmission lines.
iii) Total no of generating units and MW & MVA capacity of each unit.
iv) Plant Maximum output in summer and winter seasons.
v) Auxiliary consumption (unit wise).
vi) Reactive power limits - lagging and leading (unit wise)
vii) Total number of step-up transformers and percentage impedance & MVA rating of each
transformer.
viii) Number of generating units connected to each step-up transformer.
ix) Dynamic model data for Generators, Exciters, Power System Stabilizers and Governors
according to PSS/E format.
-/IY•
( Nisar Ahmad Bazmi ) 11
gineer Master Planning
/ Chief Engineer
For info;
General Manager (WPPO), Wapda House, Lahore.
Mater File
MEI AEI
111111IAIVAII
1111111111
- Fatima Energy
,
FEL/NTDC/2011- -TO
February 28, 2011
The General Manager Planning (Power)
National Transmission & Despatch Company Limited
5th Floor, PIA Building, Egerton Road,
Lahore
SUB: INTERCONNECTION STUDY FOR 100 MW BAGASSE/COAL BASED COGENERATION PROJECT BY M/S.FATIMA ENERGY LIMITED.
REF: Your Letter NO.GMPP/CEMP/TRP-300/Fatima Sugar Mills/556-57 dated 23
February 2011.
Dear Sir,
We thank you for giving priority to our project and initiation of Load Flow Study on fast track.
Point wise reply to your queries as pr above referred letter is appended below:i)
ii)
iii)
iv)
v)
Commercial Operation date
Layout of grid connectivity on satellite image
As proposed by your team after survey of site in Jan. 2011.
Plant configuration
Plant max power to grid
Aux consumption per unit
Quarter 1, 2014
Attached
2 x 50 MW
91.6 MW
4.2 MW
Date for point (vi, vii, viii and ix) will be provided later after finalization of design by
our French consultant.
Please appreciate that data provided above is as per initial feasibility report by our French
consultant. Basic design is in progress and configuration may change slightly which will be
communicated to you later once finalized.
Please feel free to contact us for any other query.
V 1,
With Warm Regards,
IFTI AR MAHMOOD BAIG
G.M usiness Development
5, Fax: +92 66 2250512
Plant Site: Fazat Garh, Sanawan, Kot Addu, Dist. Muzaffargarh. PABX. +92 66 2250
Head Office: E-110, Khayaban-e-Jinnah, Lahore Gantt., PABX• +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web• www.fatima-group.com
NNW AIM
MI A I V All
NW =MP
Fatima Energy
Limit
A
2,1
r
e
d
Fatta Group Company
FEL/NTDC/2011/0809
9 Aug 2011
The General Manager Planning (Power)
National Transmission and Dispatch Company Ltd
5th Floor PIA Building Egerton Road
Lahore
Subject:
Interconnection Study for 100 MW Bagasse/Coal Based Cogeneration Project by
M/s Fatima Energy Limited
Ref:
NTDC letter # GMPP/CEMP/TRP-300/FSM/556-557 dated 23 Feb 2011 and our letter #
FEL/NTDC/2011-41-TCS dated 28 Feb 2011.
•
Dear Mr. Nisar,
We thank you for priority action in completing activities of Load Flow Study for our project.
We would like to share latest update regarding our project. In Jul 2011 we initiated our project
tender to pre-selected limited EPC contractors immediately on completion of the Basic Design by our
French consultant.
Please appreciate that deadline for bid proposals is Sep 2011 and grid connectivity is still open issue
in the Basic Design as part of tender documents. Load Flow Study is now required for completing
grid connectivity details so that EPC contractors can submit bids as per deadline. An early action will
be highly appreciated.
Thanking you,
With regards,
For and on behalf of Fatima Energy
/
Amer Baloch
Unit Manager Projects
Cc:
GM (WPPO), NTDC, WAPDA House, Lahore
Plant Site: Fazal Garh, Sanawan, Kot Addu, Dist, Muzaffargarh. PABX: +92 66 2250514-5, Fax: +92 66 2250512
Head Office. E-110, Khayaban-e-Jinnah, Lahore Cant, PABX: +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, Web: www.fatima-group.com
Phone: 042-99202545
Fax No: 042-99202604
Office of the
5th Floor, PIA Building, Egerton Road, Lahore.
No. GMPP/CEMP/TRP-300/Fatima Energy Co-gen Project// Z9-7,2 ,--(.; 3
1 9 AU G 2011
Unit Manager Projects
M/s. Fatima Energy Ltd.,
E-110, Khayaban-e-Jinnah,
Lahore Cantt.
Fax: 36621389
Subject:
Grid Connectivity for 100 MW Bagasse/Coal Based Co-Generation Project by
M/s. Fatima Energy Limited
Ref:
M/s Fatima Energy Limited letter No. FEL/NTDC/2011/0809 dated 09-08-2011.
Various options of grid connectivity have been studied in our office for reliable dispersal of power
from 100 MW Bagasse/Coal based co-generation power plant, adjacent to Fatima Sugar Mills near
Kot Addu, to the National Grid. On the basis of the studies, the following grid connectivity scheme
has been proposed for the reliable dispersal of power from the subject co-generation power project to
the system:
"A 132 kV D/C transmission line from 100 MW Bagesse/Coal based Co- generation
Power Project to the 220/132 kV Muzaffargarh New substation"
In view of above, 2 No. 132 kV line bays would be required at the switchyard of the subject
co-generation power project by M/s Fatima Energy Limited.
110
(Muhammad Daud)
General Manager Planning l'13 er
Cc:
General Manager (WPPO)
Master File
An nexure-2
•
System Demand and Expansion Plans
•
22 March 2011
FUTURE GENERATION PROJECTS (Final)
PEPCO SYSTEM
Sr.
No.
Year
Name of Project
Type
Fuel
Installed
Capacity /
Retirement
(MW)
Expected
COD
Annual Cumulative
Capacity Capacity
Added /
Installed /
Planned
Planned
_ (MW)
oinAn
Financial Close/
Status
Recent Additions
1
2007-08
I
Alstom Power
Rental
Gas
135
Apr 2008
135
2
2008-09
I
IPP
Hydel
244
IPP
Oil
81
163
Nov. 2008
II
Malakand-III
Attock Gen Ltd
I
Atlas Power
IPP
Oil
219
18.12.09
II
GE Power at Lahore
Rental
Gas
-150
22.02.10
3
4
2009-10
5
17.03.09
6
III
Engro P.P. Daharki, Sindh
IPP
Gas
227
27.03 10
7
IV
Gulf P.P, Gujranwala, Punj.
Rental
RFO
62
29.04.10
8
V
Saif P.P. Sahiwal, Punjab
IPP
HSD/Gas
225
30.04.10
9
VI
Orient P P.Balloki, Punjab
IPP
HSD/Gas
225
24.05.10
10
VII
Nishat P.P. Near Lahore, Punjab
IPP
RFO
200
09.06.10
11
VIII
Nishat Chunian Proj. Near Lahore
IPP
RFO
200
21.07 10
12
IX
13
X
Sapphire P.P. Muridke, Punjab
Alstom Power, Bhikki, Punjab
IPP
Rental
HSD/Gas
Gas
225
-135
05.10.10
22 06.10
XI
*Sumundari Rd F/Abad
Rental
RFO
150
Dec. 2010
IPP
RFO
200
Jan. 2011
14 2010-11
15
XII Liberty Power Tech, F/Abad, Punj.
Sub Total (Recent Additions)
1648
350
2377
Total Existing System as of Feb 14, 2011
1
2010-11
19596
I
Karkey Project, Karachi
Rental
RFO
232
Feb. 2011
11
Walters Naudero, Sindh
Fauji Mari P.P. Daharki, Sindh
Rental
IPP
Gas
Gas
51
202
Feb. 2011
Apr. 2011
committed
under testing
1861
21457
committed
2
3
4
III
IV
WAPDA
Hydel
72
V
Halmore P.P. Bhikki, Punjab
IPP
HSD/Gas
225
Mar. 2011
Apr. 2011
under construction
5
6
VI
HUBCO-Narowal Project, Punjab
IPP
RFO
225
Mar. 2011
under testing
7
VII
Reshma Power Project
Rental
RFO
201
Jun. 2011
committed
8
VIII
IX
Gomal Zam HPP
WAPDA
Hydel
17
Jun. 2011
under construction
Rental
RFO
200
Jun. 2011
X
XI
Jinnah Low Head Mianwali, Punjab
CHASHNUPP-II, Punjab
WAPDA
PAEC
Hydel
Nuclear
96
340
Jun 2011
May. 2011
9
10
11
Khan Khwar HPP
Sabana Rd. F/abad Punj.
under testing
under construction
under construction
12 2011-12
I
Allai Khwar HPP, NWFP
WAPDA
Hydel
121
Oct. 2011
13
II
Duber Khwar HPP
WAPDA
Hydel
130
Oct. 2011
under construction
14
III
IV
Nandipur Power project, Punjab
Fauji Fertilizer Co. Jhimpir, Sindh
GENCO
IPP
RFO
Wind
425
50
Dec 2011
Apr. 2012
committed
15
16
V
Zorlu Enerji, Jhimpir, Sindh
IPP
Wind
50
Apr. 2012
17
VI
Coal Fired PP at Thar (UCG)
IPP
Coal
100
Jun 2012
Green Power, Gharo, Sind
IPP
Wind
50
Jul. 2012
18 2012-13
I
19
II
Beacon Energy, Gharo, Sindh
20
III
IV
UAE G.T, F/Abad Punjab
Radian Energy PP
21
IPP
Wind
50
Jul. 2012
GENCO
IPP
Gas
RFO
320
150
Dec. 2012
Jun. 2013
22
V
Tenaga Generasi, Gharo, Sindh
IPP
Wind
50
Jun. 2013
23
VI
New Park Energy, Gharo, Sindh
IPP
Wind
50
Jun. 2013
24
VII
Kurram Tangi HPP, NWFP
WAPDA
Hydel
83
Jun. 2013
00300911
876
753
22333
under construction
23086
committed
COD not
confirmed
under construction
22 March 2011
FUTURE GENERATION PROJECTS (Final)
PEPCO SYSTEM
Sr.
No.
Year
25
2013-14
Name of Project
I
Jamal Din Wall R.Y. Khan, Punjab
Type
Fuel
Installed
Capacity /
Retirement
(MW)
IPP
Bagass /
Imp.Coal
80
Jul. 2012
120
50
50
750
50
Jul. 2013
Jul 2013
Jul. 2013
Aug. 2013
Sep. 2013
Expected
COD
26
27
28
28
29
II
III
IV
V
VI
UAE G.T CC, F/Abad Punjab
Arabian Sea, Gharo, Sindh
Lucky Energy, Jhimpir, Sindh
Guddu C.C. Sindh
Sapphire Wind, Jhimpir, Sindh
GENCO
IPP
IPP
GENCO
IPP
Gas
Wind
Wind
Gas
Wind
30
VII
Chichuki Mallian CC
GENCO
Gas / HSFO /
HSD
525
Dec. 2013
31
32
33
34
VIII
IX
X
XI
UCH-II P.P. D.M. Jamali, Baloch.
Star Thermal P.P. Daharki Sindh
Sumundari Rd F/Abad
KEL Expansion
IPP
IPP
Rental
IPP
Gas
Gas
RFO
RFO
375
125
-150
72
Dec. 2013
Dec. 2013
Dec. 2013
Dec. 2013
35
XII
New Bong Escape, Mangla, AJK
IPP
Hydel
84
May. 2013
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
XIII
XIV
XV
XVI
2014-15
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
XIII
XIV
XV
XVI
XVII
XVIII
2015-16
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
XIII
XIV
XV
XVI
00300911
Kandra Power Project, Sukkur
Grange Holding PP, Arifwala
Gul Pur (Poonch River), AJK
Sachal Energy Dev. Jhimpir, Sindh
Golan Gol HPP
Integrated Coal Sondha-Jherk Sind
TPS Quetta Ext (CC)
TPS Sukkar Ext (CC)
TPS Shandara Ext. (CC)
China Intl W&E Corp., Jhimpir, Sindh
HOM Energy, Jhimpir, Sindh
Dawood Power, Gharo, Sindh
Rental at Satiana Rd. F/abad Punj.
Kotli HPP, AJK
Patrind HPP, Mansehra, NWFP
Zephyr Power, Gharo, Sindh
NGPS Multan Ext. (CCPP)
Gulf P.P, Gujranwala, Punj.
Rajdhani (Poonch River), AJK
Metro Power Co. Jhimpir, Sindh
TPS Muzaffar Garh Ext
Imported Coal PP at Karachi
Karkey, Project, Karachi
Karot HPP, Kotli, AJK
TPS Jarnshoro Ext
IPP
Gas
IPP
RFO
IPP
Hydel
IPP
Wind
WAPDA
Hyde?
IPP
Coal
GENCO
Gas
GENCO Gas HSFC
GENCO Gas t iSFC
Wind
IPP
IPP
Wind
IPP
Wind
RFO
Rental
Hydel
IPP
IPP
Hydel
IPP
Wind
Naphtha
GENCO
Rental
RFO
IPP
Hydel
IPP
Wind
GENCO Gas'HSFO
GENCO
Coal
RFO
Rental
IPP
Hydel
GENCO Gas'HSFO
120
147
100
50
106
405
200
120
200
50
50
50
-200
97
147
50
400
-62
132
50
700
1000
-232
720
1050
Dec. 2013
Dec. 2013
Jun. 2014
Jun. 2014
Jul. 2014
Aug. 2014
Sep 2014
Oct 2014
Oct 2014
Oct. 2014
Dec. 2014
Dec. 2014
Dec. 2014
Dec. 2014
Dec. 2014
Feb. 2015
Mar. 2015
Apr. 2015
Jun. 2015
Jun. 2015
Jun 2015
Jun. 2015
Jul. 2015
Aug. 2015
Aug 2015
Coal Fired PP at Sibi Balochistan
SPS Faisal Abad Ext
CC at Dadu
Master Wnd Energy, Jhimpir, Sindh
Gul Ahmad Energy, Jhimpir, Sindh
AES Imp Coal. Gadani. Balochistan
Candidate Imported Coal
Walters Naudero, Sindh
Neelum-Jehlum HPP
Lakhra Coal Fired Plant, Sindh
Reshma Power Project
Asrit - Kedam HPP, Swat, NWFP
Madyan HPP, Swat, NWFP
GENCO
GENCO
GENCO
IPP
IPP
IPP
IPP
Rental
WAPDA
GENCO
Rental
IPP
IPP
100
350
1000
50
50
1200
1200
-51
969
350
-201
215
157
Aug 2015
Aug 2015
Sep 2015
Aug. 2015
Sep. 2015
Sep 2015
Sep. 2015
Oct. 2015
Oct. 2015
Nov. 2015
Dec. 2015
Dec. 2015
Dec. 2015
Coal
Gas/HSFO
Gas
Wind
Wind
Coal
Coal
Gas
Hyde?
Coal
RFO
Hydel
Hydel
Annual Cumulative
Capacity
Capacity
Installed /
Added /
Planned
Planned
(MW)
(MW)
2548
25634
Status
committed
committed
under construction
3495
29129
12698
41827
under construction
under construction
TENTATIVE 500 kV TRANSMISSION EXPANSION PLAN (Upto 2014-15)
Sr.
No.
New
Substation
500 kV Transmission Line/
500/220 kV Transformer Description
No. of
S/C Lines
Length of
each Line
(km)
Transformer
Capacity
(MVA)
Expected Year
of
Commissioning
1
Ext. at Sheikh Muhammadi 3rd 500/220 kV T/F
1 x 450
2011-12
2
Ext. at Terbela, 3rd 500/220 kV T/F
1 x 237
2011-12
3
Ext. at Ghazi Brotha, 2nd 500/220 kV T/F
1 x 600
2011-12
4
Ext. at Dadu 500 kV, installation of 500/220kV
T/F
1 x 450
2011-12
5
Augmentation of 1x450 MVA T/F with 1x750
MVA capacity at Rewat 500 kV G/S
1 x 750
2011-12
6
D.G. Khan
Guddu — Multan 2nd circuit In/Out at D.G. Khan
2
20
2 x 600
2012-13
7
R.Y. Khan
Guddu — Multan 3rd Circuit In/Out at R.Y. Khan
2
30
2 x 600
2012-13
8
Shikarpur
New
Guddu — Dadu 1st circuit In/Out at Shikarpur
New
2
20
2 x 600
2012-13
9
Guddu — Dadu 2nd circuit In/Out at Shikarpur
New
2
22
2012-13
10
Guddu — R.Y. Khan circuit In/Out at Guddu
New Power Plant
2
2
2012-13
11
Guddu New Power Plant — M. Garh
1
256
2012-13
12
D.G. Khan — Multan circuit In/Out at M. Garh
2
10
2012-13
13 Lahore New
Sahiwal — Lahore single circuit In/Out at
Lahore New
2
15
2 x 750
2013-14
Sr.
No.
New
Substation
14
No. of
S/C Lines
Length of
each Line
(km)
Gujranwala — Lahore single circuit In/Out at
Lahore New
2
50
Transformer
Capacity
(MVA)
Expected Year
of
Commissioning
2013-14
15
Faisalabad
New
M. Garh — Gatti 1st circuit In/Out at Faisalabad
New
2
1
2 x 750
2014-15
16
Islamabad
New
Tarbela — Rewat circuit In/Out at Islamabad
New
2
40
2 x 750
2014-15
G. Brotha — Rewat circuit In/Out at Islamabad
New
2
50
17
2014-15
TENTATIVE 220 kV TRANSMISSION EXPANSION PLAN (Upto 2014-15)
Sr.
No.
New
Substation
1
Rohri New — Shikarpur
2
Ext. at Burhan 220 kV, installation of
220/132kV T/F
No. of
D/C
Lines
s
Length
of D/C Line
(km)
1
50
Transformer
Capacity
(MVA)
Expected Year
of Commissioning
2011-12
1 x 160
2011-12
3
Kassowal
Vehari — Yousafwala D/C In/Out at
Kassowal
2
30
2 x 160
2011-12
4
Bandala
Gatti — K.S.K D/C In/Out at Bandala
2
10
2 x 160
2011-12
5
Khuzdar
Dadu — Khuzdar
1
300
2 x 160
2011-12
6
Ext. at Bannu, 3rd 220/132 kV T/F
1 x 160
2011-12
7
Augmentation of 1 x 160 MVA T/Fs with
1 x 250MVA capacity at 220 kV GIS
Islamabad University
1 x 250
2011-12
8
Augmentation of 1x160 MVA T/Fs with
1x250 MVA capacity at 220 kV Ravi G/S
1 x 250
2011-12
9
Ghazi Barotha — Shahibagh S/C In/Out at
Mardan
10
Ext. at Dadu 500 kV, installation of
220/132kV T/F
1 x 160
2011-12
11
Ext. at Sheikh Muhammadi 500 kV G/S,
installation of 220/132kV T/F
1 x 160
2011-12
12
Augmentation of lx 160 MVA T/F with
1x250 MVA capacity at 220 kV Mardan G/S
1 x 250
2011-12
2 x 250
2011-12
13
Mansehra
Allai Khwar — ISPR double circuit In/Out at
Mansehra
1
2
30
1
2011-12
Sr.
No.
14
New
Substation
Ghazi Road
K.S. Kaku — Ravi S/C In/Out at Ghazi Road
+ N. Kotlakhpat — Sarfraznagar S/C In/Out
at Ghazi Road
No. of
D/C
Lines
Length
of D/C Line
(km)
Transformer
Capacity
(MVA)
Expected Year
of Commissioning
1
80
3 x 160
2011-12
15
Augmentation of 4x 160 MVA T/F with
4x250 MVA capacity at Sheikh
Muhammadi 500 kV G/S
4 x 250
2011-12
16
2x250 MVA capacity at Mardan 220 kV G/S
2 x 250
2011-12
17
4x250 MVA capacity at Burhan 220 kV G/S
4 x 250
2011-12
18
Augmentation of 2x 160 MVA T/Fs with
2x250 MVA capacity at Rewat 500 kV G/S
2 x 250 MVA
2011-12
19
2x250 MVA capacity at Bahawalpur 220 kV
G/S
2 x 250
2011-12
20
Loralai
D.G. Khan - Loralai
1
200
2 x 250
2012-13
21
Okara New
Yousafwala — Sarfraznagar D/C In/Out at
Okara New
2
5
3 x 250
2012-13
22
Gujrat New
Mangla — Gujranwala S/C & Mangla —
Gakkhar S/C In/Out at Gujrat
2
5
3 x250
2012-13
23
T.T. Singh
Multan — Samundri Rd D/C In/Out at
T.T. Singh
2
1
3 x 250
2012-13
24
Nowshera Ind.
G.Brotha — Shahibagh D/C In/Out at
Nowshera Ind.
2
5
3 x 250
2012-13
Sr.
No.
25
New
Substation
No. of
D/C
Lines
s
Length
of D/C Line
(km)
R.Y. Khan
Transformer
Capacity
(MVA)
Expected Year
of Commissioning
2 x 250
2012-13
500/220/132 kV
26
Chistian New
Vehari — Chistian New
1
65
2 x 250
2012-13
27
Shalamar
Ravi/K.S.K — Ghazi Raod D/C In/Out at
Shalamar
2
2
3 x 160
2012-13
28
D.M. Jamali
Uch — Guddu S/C In/Out at D.M. Jamali
1
5
1 x 160 + 1 x 100
2012-13
4 x 250
2012-13
2 x 250
2013-14
4x250 MVA capacity at Bund Road 220 kV
G/S
29
In & Out of Chashma — Ludewala S/C at
D.I. Khan
1
100
31
Uch II - Sibbi
1
125
2013-14
32
Uch I — Shikarpur S/C In/Out at Uch II
1
1
2013-14
33
Uch I — Guddu S/C In/Out at Shikarpur
New
1
50
2013-14
30
D.I. Khan
34
Chakwal New
Mangla — Rewat S/C In/Out at Chakwal
New
1
60
2 x 160
2013-14
35
Lalian New
Gatti — Ludewala D/C In/Out at Lalian New.
2
4
2 x 250
2013-14
36
Mirpurkhas New
Hala Road — T.M. Khan Road
1
10
Hala Road — T.M.Khan Road S/C In/Out at
MirpurKhas New.
1
70
2 x 160
2013-14
37
2013-14
38
Shadman
Shadman — Bund Road
1
15
2 x 250
2013-14
39
Islamabad New
Burhan — ISPR S/C In/Out at Islamabad
New
1
15
2 x 250
2013-14
500/220/132 kV
Sr.
No.
New
Substation
Mansehra/Islamabad University — ISPR
D/C In/Out at Islamabad New
40
No. of
D/C
Lines
2
Length
of D/C Line
(km)
5
Transformer
Capacity
(MVA)
Expected Year
of Commissioning
2013-14
41
Jhang Road
Samundri Road — Jhang Road
1
40
2 x 160
2013-14
42
Chakdara
Mardan — Chakdara
1
85
2 x 250
2013-14
43
Jhimpir
Jhimpir — T.M. Khan Road
1
60
2 x 250
2013-14
44
Gharo
Jhimpir — Garho
1
70
2 x 250
2013-14
45
Lahore New
Kot Lakhpat New — Wapda Town S/C
In/Out at Lahore New
1
45
2013-14
Kot Lakhpat New — Ghazi Road S/C In/Out
at Lahore New
1
50
2013-14
500/220 kV
46
47
Mastung
Sibbi — Mastung
1
120
2 x 250
2013-14
48
Faisalabad New
500/220/132 kV
M-3 Industrial
Estate
Faisalabad New — T.T. Singh
1
70
2 x 250
2014-15
Faisalabad New — M-3 Industrial Estate
1
70
2 x 250
2014-15
50
Faisalabad New — M-3 Industrial Estate
S/C In/Out at Chiniot Ind. New
1
30
2014-15
51
Islamabad West — ISPR
1
15
2014-15
52
Peshawar — Shahibagh S/C In/Out at
Peshawar New
1
5
2014-15
49
53
Jamrud
Peshawar — Jamrud
1
10
2 x 250
2014-15
54
Kohat
Peshawar New - Kohat
1
50
2 x 250
2014-15
Bannu - Kohat
1
150
55
2014-15
Sr.
No.
New
Substation
56
Islamabad 1-10
57
Rewat — Islamabad University D/C In/Out
at Islamabad 1-10
No. of
D/C
Line s
2
Length
of D/C Line
(km)
30
Ext.. at Gujrat, installation of 220/132kV
T/F
S
Transformer
Capacity
(MVA)
2 x 250
1 x 160
S
Expected Year
of Commissioning
2014-15
2014-15
Annexure-3
0
Load Flow Study Exhibits
•
MULTAN
534 7
-113.3
1110 2 -649.9
SAHIWAL•
-21.0 38.7
M.GARH
ROUSCH •
GATTI
906.4 -567 2
-96.7 85.4
• D.G.KHAN
880.7 849.4
-93.8 69.0
853.1 753.7
-7.9 78.9
• GUDDU-NEW
-204.0 822.3
130.8 -10.4
826.8 688.4
-20.1 94.6
• GUDDU
• R.Y.KHAN
GATTI •
M.GARH-1
M.GARH-2
529.1
-5.8
1.0' 25
T
-322 4 -254.8
17.9 18.8
MULTAN
204.0
-122.9
208.6
TT.SINGH •
-33 5
TT.SINGH •
KAPCO220
531.8
-2.8
-175 6
12.4
-175.6
12.4
208 6 -277 8
-33.5 86
M.GARH-N
269.0 I -354.6
1.0 -41 0
260.4 -266.1
VEHARI •
0.7 9.7
AES-LALP
260.4 207 2 fr;
0.7 123 2 °'
85.6
40.0
•
28.2
05
147 1 -138.0
19.8 -0.2
-138.0
-0.2
147.1 -236.1
PIRNGHAB•
19.8 -8.5
MGARHNEW
-85.6
-36.1
‘-'-'17.8R 8.9
175.0
89
29 2
1.9
0.923
..x..-.
AES-PKGN
n350.0
175.0
`-'-'17 8R 89
175.0
89
29 2
1.9
354.8
42.0
-174.5
-9.7
-174.5
-9.7
-174.5
-9.7
-174.5
-9 7
)1 -
• BAHWALPR
BAHWALPR
INTERCONNECTION STUDY FOR
FATIMA ENERGY POWER PROJECT
20.0
62
20.0
6.2
228 4
0.7
-20.0 40.0 r,,
-9.7 19.4 I"'
-20.0
-9 7
PEAK LOAD JANUARY 2014
INTERCONNECTION OPTION #2
227.9
06
140 8
0.2
140.8
0.2
239.6 -128 2
17.4 -25.7
-45.5
-7.9
45.8 91.6 0
7.7 15.4R
-45.5
7.9
45.8
7.7
MZFRGARH
37 3
0.2
239.6 230.7
17.4 2.1 1.00 7
KAPC0132
128.2
29 6
17.0
13156307R° 7.8
• TAUNSA
KOTADU-0
D G KHAN
10.9 29.3
-6.7 23.7
-29 2 -71.7
-23 8 18.7
74.9
-14 9
D.G.KHAN
10.9 29.3
-6.7 23.7
-29.2 78 9
-23.8 20.7
82.4 29 9
-16.1 0.3
-29 9 11.0
-0 4 22
71.2 25.0
-2.2 20 1
35.7
-1.6
-25 0 -52.0
-20.2 20.9
77.2 56.9
-7.8 0.7
56.9 42.2
-0.7 -3.4
• CHOKMNDA
63.4
17.1
-63.4 42.2
-17.1 -3.4
• CHOKMNDA
OASIMBGI
51 7
22.1
SRJ.M.RD•
73.3 70.5
-8.5 4.2
MESCO •
69.5
26.0
71 1 70.2
-• KHANGARH
-24.0 21.5
ur
-85.1
92
7.8
3.5
134.6
-4.7
93.7 820.0
8.2 26.0R 0
93.7
8.2
228.2
0.0
PARCO
FATIMA-E
0.0 34.7
37.4 21.5 1"..-
57.5
P GAIB-1 •-40.6
157.8
17.5R 31 7
157 8
31.7
PIRNGHAB•
-236 1
-8.5
226.0
-4 2
MLN-IND
-93.1
-12.6
-93.1
-12 6
0 740.3
281 0 300.0
42 21 9R 0
r--\ 350.0 12175 0
VEHARI •
178.1
-7 2
178 1
-7.2
C T.MILL
NTERCONNECT1ON STUDY FOR POW ER DISPERSAL OF 100 MW
BAGASSEICOAL POWER PROJECT
THU, OCT 06 2011 1326
86.0
-6.3
0.0 58 9 r„,
.2
36.5
135.3
-1.7
0
31.4 0.0
19.5 -4 6
GUJRAT.S
csi
35.7
0.5
138.2
37
•
41 N.A.WALI
0 23 3
8
o 8.0
138.1
3.6
EXHIBIT #
MULTAN
534.7
-113.9
1110.2 -649.8
SAHIWAL•
-21.0 38.6
•
ROUSCH •
M.GARH
•
906.4 -567.0
-96 8 -84.4
• D.G.KHAN
880.7 -849 5
-93.9 69.1
853 2 -753.6
-8.0 78.7
• GUDDU-NEW
204.0 -822.4
131.5 -10 3
826.9 -688 4
-20.2 94.4
• GUDDU
GATTI •
• R.Y KHAN
GATTI •
529.0
-5.8
1.0' 25
M.GARH-1
M.GARH-2
-322.8 -254.8
17.7 18.6
MULTAN
204.0
-123.6
208 6
TT.SINGH •
-33.6
KAPCO220
531.8
-2.8
-175.7
12.1
-175.7
12.1
208.6 -278.1
-33.6 8.3
TT.SINGH •
84.5
45.5
260.4 207.5 a,'
4 •
0.7 124.7 01 2
VEHARI •
28.2
05
147.2 -137.9
20 4 -0.4
-137.9
0.4
-236.1
PIRNGHAB• 147 2
20 4 -8 8
281.3 300.0
4.6 28.3R°
M.GARH-N
269.3 I -353.8
1.2 -46.7
260.4 -266.4
0.7 96
VEHARI •
MGARHNEW
-84.5
-41.5
AES-LALP
f.„ 350.0 12175.0
\-117.8R 8.9
175.0
8.9
29.2
1.9
0 9923
178.1 92.9
-6.9 -12.6
178.1 -92.9
-6.9 -12.6
AES-PKGN
(...) 350.0 1
2175.0
`-`17.8R 8.9
175.0
8.9
29.2
1.9
354.0
47.7
-174.5
-9.7
-174.5
-9 7
-174.5
-9.7
-174.5
-9 7
081740
7R
7.9 157.8
31.9
157.8
31.9
BAHWALPR
20.0
6.2
20.0
6.2
228.4
0.8
-20.0 40.0
-9.7 19.4
-20.0
-9.7
227.9
0.6
140.8
0.4
140.8
0.4
239.5 -127.7
17.7 -25.8
239.5 230 7
17.7 2.1
-236.1
-8.8
226.0
-4 2
MLN-IND
FATIMA-E
1.00 7
KAPC0132
)1 _307..03 34.7
21.5
-90.5
0.5
91.6
4.7
MZFRGARH
127.7
29.6
0252303.R
0 17.0
7.8
75.1
-13.1
• TAUNSA
KOTADU-O
D.G.KHAN •
10.8 28.9
-7.6 21.2
-28.8 71 9
-21.3 16.8
D.G KHAN
10.8 28.9
-7.6 21.2
-28.8 -79 1
-21.3 18.6
82 6 29.9
-14.0 0.3
-29.9 11.0
-0.4 2 2
N.A.WALI
71.0 24.7
-3.2 18.0
35.3
-1.6
-24.6 -52.1
-18.1 19.2
77 4 56.9
-6.1 0.7
-56.9 42.2
-0 7 -3.4
• CHOKMNDA
63.4
17.1
-63 4 42.2
-17 1 -3.4
• CHOKMNDA
QASIMBGI
51.7
22.2
SRJ.M RD•
73.0 -70.3
-9.7 5.2
MESCO •
-69.1
26.8
-84.9
10.2
7.8
3.5
134.4
-4.6
O
•BAHWALPR
228.2
0.0
PARCO
PIRNGHAB•
P.GAIB-1 •57.0
-42.4
93 6 820 0
8.2 26.9R
93 6
82
C.T.MILL
NTERCONNEC110N STUDY FOR POWER DISPERSAL OF 100 1,1W
BAGASSE/COAL POWER PROJECT
THU, OCT 06 2011 13 29
70.7 70.2
-24.8 21.6
85.7
-7.2
)1_ 0.0 58.9 r,..„
20.1 36.5 1""
135.0
-1.7
• KHANGARH
cs,
31.4 0.0 1(
19.5 -4.6 I
O
GUJRAT S
35.5
0.5
138.2
3.7
•
0 23.3
o 8.0
138.1
3.6
EXHIBIT #
MULTAN
535 0
-114.3
1110.8 -650.5
SAHIWAL•
-21.0 38.7
M.GARH
ROUSCH •
907.1 -570.0
-96.7 85.1
• D G.KHAN
881.0 -851.6
-93.9 69.1
855.3 754.0
-7.8 78.8
• GUDDU-NEW
-200.3 -824.4
131.7 -10.3
829.0 688.7
-20.1 94.5
• GUDDU
GATTI •
• R Y KHAN
GATTI •
M.GARH-1
M.GARH-2
529 0
-5.8
1.0 2
▪5
cn -325.5 -253.2
•
17.8 18.5
MULTAN
200.3
-124.0
208.3
TT SINGH •
-33.6
KAPCO220
531.8
-2.8
-176.5
12.1
-176 5
12.1
208.3 -281.7
-33.6 8.9
TT SINGH •
216 9 ?or'
VEHARI • 260.5
05 124 3 01
74.2
38 8
•
28.2
0.6
151.4 138 8
20.2 -0.2
-138.8
-0.2
151.4 237.6
PIRNGHAB•
20.2 8.6
MGARHNEW
-74.2
-35.8
AES-LALP
350.0 175.0
017.8R 8.9
175 0
8.9
29 2
19
0. 923
AES-PKGN
350.0 175.0
017.8R 8.9
175.0
8.9
29 2
19
347 7
41.2
-174.5
-9 7
-174.5
-9.7
-174.5
-9.7
-174.5
9.7
)1 _370..01
P GAIB-1 •
QASIMBGI
51.7
22.2
228.2
0.0
PARCO
20.0
6.2
20.0
62
228.4
0.8
-20.0 40.0
-9.7 194
-20.0
9.7
227.9
06
141 7
0.4
141.7
0.4
241.1 134.6
17.8 -25 6
1.00'7
KAPCO132
-45.5
-7.4
45.8 1 91.6
7.2 14.3R°
-45.5
-7.4
45 8
72 37.3
05
MZFRGARH
134.6
29.8
7C
7I
17.0
7.8
• TAUNSA
KOTADU-O
D.G.KHAN
13.1 48 7
-7.3 22 9
-48.6 69.8
-22.9 17.4
72 8
-14 0
D.G KHAN •
13.1 48.7
-7.3 22 9
-48.6 76.8
-22.9 19.3
80.0 29.9
-15.0 0.3
-29 9 11.0
-0.4 2 2
N A.WALI
41.6
19.4
35.7
-1.3
-41.5 -50.2
-19.4 19.8
75.3 56.9
-7.0 0.7
-56.9 42.2
-0.7 -3 4
• CHOKMNDA
63.4
17.1
-63.4 42.2
-17.1 -3.4
• CHOKMNDA
91.4
31.0
-111.0
8.5
7.8
3.5
134.0
-5.3
BAHWALPR
241.1 230.7
17.8 2.1
64.3
SRJ.M.RD41-
MESCO •
• BAHWALPR
19.1R 31.8
FATIMA-E
347 I,
D
21.5
'
43.8
-40.3
94.6 820.0
8.1 27.1 R
94.6
8.1
158.5
31.8
PIRNGHAB•
-237.6
-8.6
225 9
-4.3
MLN-IND
-93.9
-12.4
-93.9
-12.4
0 740.3 158.5
285 0 300.0 0
4.6 22.1R
M GARH-N
273.3 I -347.5
1.5 -403
260.5 -270.2
VEHARI •
0.5 10.0
178.9
-6.8
178.9
-6.8
94.2
702 • KHANGARH
-26.6 21.5
112.4
-2.5
0.0 58.9 r
)
36.5
,,
C.T.MILL
NTERCONNECT1ON STUD? FOR POWER DISPERSAL OF 100 MW
BAGASSE,COAL POWER PROJECT
THU. OCT 06 2011 13 30
135 3
-1.4
•
•zr.
cv
31.4 0.0 i(
a 19.5 -4.6 /
0
GUJRAT.S
138.2
38
135.6
0.7
•
•
0 23.3
o 8.0
8
138.1
3.8
EXHIBIT #
•
M.GARH
MULTAN
534 8
-113 3
1110.5 -650.4
SAHIWAL •
-21.0 38.9
ROUSCH •
GATTI •
S
GATTI •
• R Y.KHAN
906.9 -569.4
-96.7 -84.5
880.8 -851.1
93.8 69.6
854 9 -753 9
200.7 823.9
129.5 -9.9
828.5 -688.7
-20.5 94.6
• GUDDU NEW
-8.3 78 9
• GUDDU
M.GARH-1
M.GARH-2
529.1
-5.8
1 0.25
• D.G.KHAN
-325.1 -253.2
17.9 18.6
0
KAPCO220
MULTAN
200.7
-121.9
208.4
TT.SINGH •
-33 4
531.8
-2.8
-176.2
12.9
-176.2
12.9
TT.SINGH •
208.4 -281.2
-33.4 9.9
VEHARI •
260.5 -269.7
0.6 11.0
216 0
VEHARI • 260.5
0.6 119.5
4 •
75.7
41.5
28.2
0.6
PIRNGHAB
PIRNGHAB
151.1 -138.9
18.3 0 3
-138.9
0.3
151 1 -237.8
18.3 -7 8
MGARHNEW
-75.7
-38.3
-237.8
-7.8
226.0
-4 2
MLN-IND
AES-LALP
175.0
/.., 350 0 1
‘-'117.8R 89
175 0
8.9
29.2
1.9
0.!923
....,....
348.6
42.8
-174.5
-9.7
-174 5
-9.7
-174.5
-9.7
-174 5
-9.7
AES-PKGN
(...., 350.01
175.0
‘-'17.8R 8.9
175.0
8.9
29.2
19
58.3
31.2
1
76384.3
R
158.3
31.2
45 6
BAHWALPR
20.0
6.2
20.0
6.2
228.4
08
-20.0 40.0
-9.7 194 1"---20.0
-9.7
227.9
0.6
141.8
-0.0
141 8
-0.0
241.3 -136.2
17.0 25 5
241.3 230.7
17.0 2 1 1.00'7
KAPC0132
45.8 91.6
8.8 17 6R°
-45.5
-9.1
-45.5
-9.1
• BAHWALPR
228.2
00
PARCO
FATIMA-E
) _307..05 34.7
121.5 1'
P GAIB-1
284.4 300.0
35 22.4R°
M.GARH-N
272.7 I -348.4
0.3 -41.9
95.0 820.0
0
8.0 24.6R
95.0
8.0
178.6 94.4
-7.7 -12.3
178.6 -94.4
-7.7 -12.3
45.8
8.8 37.3
05
MZFRGARH
136.2
29.8
17.0
TAUNSA
(J251306.10.1 7.8
KOTADU-O
31.4 0.0 Ir
a 19.5
-4.6 111
D.G KHAN •
126 17.0
-7.6 27.7
-16.9 -69.3
-27.8 166
72.2
-13.4
D.G.KHAN
12.6 170
-7.6 27.7
16.9 -76.3
-27.8 18.5
79 5 29.9
-14.3 0.3
-29.9 11.0
-0 4 2.2
N A.WALI
92.9 14.5
-7 4 23.6
35.5
-1.3
-14.5 -49.8
-23.7 19.1
74.9 56.9
-6.4 0.7
-56.9 42.2
-0.7 -3.4
• CHOKMNDA
63.4
17.1
-63.4 42.2
-17.1 -3.4
• CHOKMNDA
QASIMBGI
51.7
22.1
SRJ.M.RD•
65.1 91.7
-5.8 11.9
MESCO •
113.2
19.1
7.8
3.5
134.8
-5 3
70.2
21.5
• KHANGARH
114.7
-12.7
0.0 58.9 r
)1-20.1 36.5 1"11.11
..„
C.T.MILL
INTERCONNECTION STUDY FOR POWER DISPERSAL OF 100 MW
THU OCT 06 2011 1310
135.2
-1.4
O
GUJRAT S
35 6
0.8
138.2
3.9
•
0 23.3
0 8.0
8
138.1
3.8
EXHIBIT #
MULTAN
M GARH
535.0
-114.4
ROUSCH •
-650.5
SAHIWAL• 1110.9
-21 0 38.8
907.2 -570.2
-96.7 -84.9
• D.G.KHAN
881.0 851.9
-93.9 69.2
855.6 -754.0
-7.8 78 8
• GUDDU-NEW
-199.8 824.7
131.6 -10.2
829.2 -688.7
-20.1 94.5
• GUDDU
GATTI
• R.Y.KHAN
GATTI ao-
M.GARH-2
529.0
-5 8
1.0 25
M.GARH-1
-325.7 -253.4
17.8 184
MULTAN
TT.SINGH
•
TT SINGH
•
199 8
-124.0
208.3
-33.6
KAPCO220
531.8
-2.8
-176.8
12.2
-176.8
12.2
208.3 -282.1
-33.6 8.9
219.2
4 •
VEHARI • 260.6
0.5 123.7 0
'
73 2
39.2
28.2
0.6
139 3
0.0
-139.3
-0.0
152.5 -238.4
PIRNGHAB•
20.0 -8.4
PIRNGHAB
152.5
20.0
MGARHNEW
-73.2
-36.2
238 4
-8.4
225.9
-4.3
MLN-IND
)1 7:.10
P GAIB 1 e
AES-PKGN
(-,, 350.01
175.0
\-'17.8R 8.9
175.0
8.9
29.2
19
19.3R 31.7
158.7
31.7
95.3 820.0
8.0 26.9R
95 3
8.0
O
• BAHWALPR
BAHWALPR
228.2
00
PARCO
20.0
62
20.0
6.2
228 4
0.8
.,
-20.0 40 0 r
-9.7 19.4 1"--20.0
9.7
227.9
06
142.2
04
142 2
0.4
241.9 138.7
17.8 -25.4
FATIMA-E
241 9 230.7
17.8 21 1.00 7
KAPC0132
34.7
21 5 1"--
4.6
-39.3
AES-LALP
350.0 175.0
l_117.8R 8.9
175.0
8.9
29 2
1.9
0.V923
347 0
41 6
-174 5
-9.7
-174.5
-9.7
-174.5
-9.7
-174 5
9.7
-94.6
-12.2
-94.6
-12.2
0 740.1 158.7
285.4 300.0 0
4.6 22.5R
M.GARH-N
273.7 I -346.9
1.5 -407
260.6 -270.7
VEHARI •
0.5 10.1
179 2
-6.9
179.2
-6.9
-45.5
-7.7
45.8 91.6 0
7 4 14.9R
-45.5
7.7
45.8
7.4 37.3
0.6
MZFRGARH
138.7
29.9
n530 0
17.0
`-'19 113 7.8
TAUNSA
KOTADU-O
31 4 0.0 I ,
a 19.5
-4.6
D.G KHAN
13.2 13.6
7.4 23.0
-13.6 -68.5
-23.1 17.4
71.4
-14.2
D.G.KHAN
13 2 13 6
-7.4 23 0
-13.6 -75.4
-23.1 19.3
78.5 29.9
-15.3 0.3
-29.9 11.0
-0 4 2.2
N.A.WALI
98.8 11.7
0.9 19.6
35 7
-1.3
-11.6 -49.1
-19.7 19.8
74.1 56 9
-7 2 0.7
-56.9 42.2
-0.7 -3.4
• CHOKMNDA
63.4
17.1
-63.4 42.2
-17.1 -3.4
• CHOKMNDA
QASIMBGI
51 7
22.2
SRJ.M RD.
62.1 -97.5
-9.0 45
MESCO •
-99.4
33 6
102.7 70.2
-28. 21.4
• KHANGARH
CS
O
GUJRAT.S
78
35
134.0
-5.4
C.T.MILL
)1 0 0 58.9
20:2 36.5
135.4
-1.3
1')
35 7
0.8
138.2
3.9
•
2 233
o 8.0
138.1
3.8
EXHIBIT #
NTERCONNECTION STUDY FOR POWER DISPERSAL OF 100 MW
THAI, OCT 08 2011 13 31
•
MULTAN
172.6
-111.2
842.8 -406.6
• R.Y KHAN
SAHIWAL •
21.2 -73.0
ROUSCH •
FBD-NEW
559.8 -586.0
-78.0 -104 7
FBD-NEW •
139 -568.7
328 8 17.0
M.GARH-2
525.0
-3.7
0.1 769
•
M.GARH
595.8 -313.0
21.6 -153.9
• D.G KHAN
587 8 -543.5
41 3 -19.7
• GUDDU-NEW
570 9 -500.2
32.9 -0.5
• GUDDU
M.GARH-1
-249.7 -148.1
O 16.7 61.8
MULTAN
149.0 -264.5
-30.7 9.8
TT.SINGH•
M.GARH-N
252 9 -420 8
-3 0 -48.2
303 4 -250 3
77 7 11.0
VEHARI •
AES-LALP
350.0 175.0
15.6R 7.8
175.0
78
29.6
2.3
0 9f23
228 5
09
MGARHNEW
-168.0
-42.2
174 1 -120.7
35 5 -3.5
-120.7
-3.5
AES-PKGN
n350.0 175.0
'-}15.6R 7.8
175.0
229.6 7.8
23
c)
421.1
49.8
-174.5
8.7
-174 5 20.0
-8 7 6.2
-20.0 40.0
-9.7 19.4
-174.5 20.0
-8 7 6.2
-20.0
-9.7
-174 5
8.7
228.8
1.1
85.9 820 0
10.6 42.0R°
85.9
10.6
151.3 85.3
-8.9 -15.5
151.3 -85.3
8.9 -15.5
267 3 280.0
0.6 23.4R°
0
168.0
51.2
201.2
VEHARI • 303 4
77 7 140.3 c.
PIRNGHAB•
KAPCO220
529.0
-1.6
13.9 -149.5
-315 1 10.4
149.0 -149.5
TT.SINGH•
-30.7 104
779203. 220.0
79.3R 92.5
• BAHWALPR
220.0
92.5
BAHWALPR
PARCO
PEAK LOAD AUG./SEPT. 2014
228.4
0.0
8.3
0.9
122.9
-0.3
122.9
-0.3
209.1 -15 7
5.0 -8.7
174 1 -206.4
35 5 -12.5
PIRNGHAB
209.1
-206.4
226.6 -12.5
-3.6
FATI MA-E
MLN-IND
-45 5
-8.6
45.8 91 6
83 16.6R
)1 _309..07 45.5
-45 5
-8.6
45 8
8.3
28.1 1."--1.0
-29.6
P.GAIB-1•
QASIMBGH 88.0
23.4
SRJ.M.RD •
MESCO •
D.G.KHAN •
D G.KHAN •
49.7 -73 2
5.0 -5.7
-72.2
16.6
-55.5 56.8
-27.4 12.9
13 2 55.6
-13 4 27.5
-55.5 77.2
-27.4 47 8
73.9 47.5
8.0 23.2
136.3
-2.0
-47.4 60.1
-23.2 12.6
7.8
-•C.T.MILL
3.5
134.2
-5.0
18
CHAK-139
MZFRGARH
13.2 55.6
-13.4 27.5
-85.5
-2 1
INTERCONNECTION STUDY FOR POW ER DISPERSAL OF
FRI, OCT 07 2011 9
)1 0.0
II -25.4 1
135.8
-2.1
157
8.7
195
R 8.6
° 36.2R
69 5 91.8
-4.6 1.5
136.9
-0.0
61 0 -70 7
-12.0 85
-136.8
-0.3
GUJRAT.S
cs,
136.0
-0.6
-91.7 14.4
-1.2 3.8
• N A.WALI
72.1 91.8
-7.1 1.5
-91.7 99.2
-1.2 1.2
• CHOKMNDA
67.8 101.8
-0.2 27.9
-101.8 99.2
-27.5 1.2
• CHOKMNDA
CP 9
KHANGARH
• TAUNSA
KOTADU-O
A 41.2 0.0 v
'.̀1 25.5 -7.9 R
)1 0.0 9.7
' -2.6 6.0
73.9 -36.5
-14.6 14.9
86.3 74.3
5.1 24.6
KAPCO
KBGASHER
<12.s
6.5
1.9
37.9
-0.2
57.7 -68.3
-12.3 5.8
1.0 00
15.0 231.0
31.1
62
138.6
1.9
EXHIBIT #
MULTAN
172 6
111.8
842.8 -406.5
SAHIWAL •
21 0 -73.2
M GARH
ROUSCH •
FBD-NEW •
595 8 -312.8
21.5 -152.8
• D.G KHAN
559.9 -586.1
-78.1 -104.6
587.9
41.2
• GUDDU-NEW
-13 9 568 8
329.6 17.1
571.0 500.2
32.8 -0.7
R Y.KHAN
FBD-NEW
M.GARH-2
'524.9
-3.7
0.0769
•
543.4
19.9
• GUDDU
M.GARH-1
250.2 148.2
5 16.4 61.5
MULTAN
13.9
-315.8
149.0
TT.SINGH•
-30.8
-149.6
10.1
-149 6
10.1
149.0 -264.8
-30.8 9.4
TT.SINGH•
AES-LALP
(....\ 350.01
175.0
\-i 15.6R 7.8
166 8
175.0
58.3
7.8
228.5
0.9923
29.6
23
0.9
303.4 201.5
VEHARI •
77.6 142.1
MGARHNEW
-166.8
-49.2
174.3 -120 7
36.3 -3.6
-120.7
-3.6
151.4 85.2
-8.6 -15.6
151.4 85.2
-8.6 -15.6
AES-PKGN
175.0
O135506R
0 7.8
175.0
229 6 7.8
2.3
420.3
57.1
-174 5
-8.7
-174 5 20.0
8 7 6.2
-20.0 40.0 r„
-9.7 19.4 V-1
-174 5 20.0
8.7 6.2
-20.0
-9.7
-174.5
-8.7
228.8
1.1
220 0
80.3R 92.7
• BAHWALPR
220.0
92 7
BAHWALPR
PARCO
228.4
0.0
28.3
0.9
122.8
-0.1
122.8
-0.1
209.0
15.3
-206.3
226.6 -12.8
-3.6
P.GAIB-1•
91.6
4.9R
D.G KHAN •
8 .9
OASIMBGH 1922.9
SRJ.M.RD •
-90 5
-0.8
45 5
28.1
-1.4
-31.0
D.G.KHAN •
49.6 -73.0
4.5 -4.7
71.9
17.4
MZFRGARH
-55 0 -57 0
-25.1 11.2
13 0 55.2
-14 3 25.2
-55.0 77.2
-25.1 47.8 V-
73.8 47.
6.9 21.3
136 0
-2.0
-47.0 -60.4
-21.2 10.8
C.T.MILL
91.6
4.9
57.9 -68.6
-10.6 4.1
65
61.3 70.9
-10.1 6.7
136.7
-0 3
,c1.CO
GUJRAT S
N
135.5
-2.1
69.7 91.8
-2 9 1.5
-91.6 14.4
-1.2 3.8
135.8
-0 6
• N.A.WALI
41.2 0.0 v
-1.."4 25.5 -7.9
72.3 91.8
-5.2 1.5
-91.6 99.1
-1.2 1.2
• CHOKMNDA
68.0 101.8
13 27.8
-101.7 99.1
-27.5 1.2
• CHOKMNDA
138.9
2.1
r,
• KHANGARH
• TAUNSA
KOTADU-O
9.7
)1 2.6 6.0
136.8
0.0
N
CT, 03
)1 -25.3
O
KBGASHER
<106
1.0000
15 3 231.0
1.9
KAPCO
151
8.7
530.0 19.5
41 3R 8.6
137.9
18
73.5 -36.7
-15.4 135
86.1 74.3
4.1 24.7
NTERGONNECTION STUDY FOR POWER DISPERSAL OF
FATDAA ENERGY LIMBED
FRI, OCT 07 2011 921
CHAK-139
13.0 55 2
-14.3 25.2
-85.3
1.1
7.8
3.5
134.0
-5 0
15.1
87
209 0
FATIMA-E
MLN-IND
)1 _309..06
174 3 -206.3
36.3 -12.8
PIRNGHAB
MESCO 49-
85.7 820.0 0
10.6 43.1R
85.7
10 6
0 720.7
267.7 280.0 0
1.0 31.4R
M GARH-N
253.3 -420.0
-2.8 -55 5
303.4 -250.7
VEHARI •
77.6 109
PIRNGHAB•
KAPCO220
529.0
-1.6
•
`-g 31.1
0 6.2
138.6
1.9
EXHIBIT #
•
MULTAN
172 9
-112 7
843.4 -407.2
SAHIWAL •
• R.Y KHAN
21.0 -73.1
ROUSCH •
FBD-NEW •
FBD-NEW
560.1 -588.8
-78.2 -105.0
-9.0 571.4
331 3 16.8
M.GARH-2
524.9
-3.7
0.9769
•
M.GARH
596.9 -316.2
21.6 -153.9
• D.G.KHAN
590.6 -543.9
41 7 19.9
• GUDDU-NEW
573 6 -500.6
33.3 0.7
• GUDDU
M.GARH-1
••4' -253.7 146.7
E, 16.5 61.4
MULTAN
148.5 -269.6
-31 0 9.5
IT.SINGI-l•
AES-LALP
350.0 175.0
s--J15.6R 7.8
153.2
175.0
47.8
7.8
228.5
0.9923
29.6
2.3
0.9
303.0 213.7
VEHARI •
77.4 144.7 ."?. •
0
MGARHNEW
PIRNGHAB
-153.2
-40 3
80.4 -121.7
36.9 -3 7
-121.7
-3.7
152.7
-8.1
152.7
-8.1
272 5 280.0
1.7 22.8R
M.GARH-N
258 5 -411.6
-1.7 -46.1
303 0 -255.8
VEHARI •
77 4 10.7
P1RNGHAB•
KAPCO220
528.9
-1.6
9.0 -150.9
-317.4 9.7
148.5 -150.9
TT.SINGH•
-31.0 9.7
AES PKGN
175.0
° 1
355 60 R
0 7.8
175.0
229.6 78
2.3
411.9
47.5
-174.5
-8.7
-174 5 20.0
-8.7 6.2
-20.0 40.0
-9.7 19.4 L'"--
-174.5 20.0
-8.7 6.2
-20 0
-9.7
-174.5
-8.7
228.8
1.2
• BAHWALPR
220.4
92.8
BAHWALPR
228.4
0.0
28.3
1.0
123.9
0.2
123.9
0.2
210.7 -21.8
15.8 -8.6
210.7
FATIMA-E
MLN-1ND
-45 5
-7.5
45.8 91 6
7.2 14.3R
0.0 45.5
)1 -39.2 28.1 1."--
-45 5
-7.5
45.8
7.2
-13.2
-30 8
D.G.KHAN •
D G.KHAN
MZFRGARH
15.6 74.6
13.7 29.1
-74.4 -54.7
28.8 11.9
15.6 74.6
-13.7 29.1
-74.4 77.2
-28.8 47.8
63.7
24.5
136 4
-1.7
-63 5 57.9
-24.4 11.5
45.0
SRJ.M.RD 494.0
93.9
18.7
110.2
5.9
7.8
3.5
133.4
-5.6
180 4 -208 0
36 9 -13 0
82 8
OASIMBGH 4122.2
MESCO
86.4 820.0
10.5 44 6R °
86.4
10.5
721.2 220.4
87221,R 92 8
PARCO
-208.0
226.5 -13.0
-3.6
P.GAIB-1•
-85.8
-15.4
-85.8
-15.4
INTERCONNECTION STUDY FOR POWER DISPERSAL OF
FRI OCT 02 2011 922
37.9
0.2
55.6 -66.2
-11.5 4.9
<1117.
6.5
KBGASHER
0.0
-25.4
136.9
0.2
58.7 -68.4
-11.0 7.6
0
-91.8 14.4
-1.2 3 8
0, 021
360
-0 4
• N.A.WALI
A 41.2 0 0 I(
.'"4 25.5 -7.9 I'
69.7 91.9
-6.3 1.5
-91.8 99.3
-1.2 1.2
CHOKMNDA
65.9 102.0
0.4 27 9
-101.9 99.3
-27.6 1.2
• CHOKMNDA
138.9
2.2
a
Ri
GUJRAT
csi
35.8
-1 9
67.3 91.9
3.9 1 5
97
-2.6 6.0
136.9
-0.1
• KHANGARH
• TAUNSA
KOTADU-O
)1, _0. 0
96.7 -34.7
-14.3 14.0
111.6 74.3
11.9 24.6
C.T.MILL
CHAK-139
1.0000
15.8 231.0
19
KAPCO
21 8
8.7
19.5
° 38
5 3 40 B
0 8.6
•
Tr 31.1
0 6.2
138.6
2.0
EXHIBIT #
MULTAN
172 7
-111 5
843.1 -407 1
21.1 -73.0
ROUSCH
SAHIWAL
FBD-NEW •
M.GARH
596 6 -3157
21.6 -153.2
• D.G.KHAN
560.0 -588.3
-78.0 -104.4
590.2 -543.8
41.1 -19.8
• GUDDU-NEW
-9.4 -571.0
328.5 17.4
573.2 -500.5
32.6 -0.6
• GUDDU
R.Y.KHAN
FBD-NEW
M.GARH-2
525.0
-3.7
0.1769
M.GARH-1
> ,t -253.4 -146 6
*C;
16.7 61.6
MULTAN
9.4
-314.8
148.6
TT SINGH•
-30.7
TT.SINGH•
148 6 -269 1
-30 7 10.8
M.GARH-N
257 9 -4124
-3 3 -48.7
303.1 -255 2
VEHARI •
77.7 12.1
213 0
111 •
VEHARI • 303.1
77 7 138 6
0
154.5
51.9
228.5
0.9
MGARHNEW
-154.5
-44 2
179.9 -121.8
34.1 -3.1
121.8
3.1
152.3 -86.4
-9 1 -15.3
152.3 -86.4
-9.1 15.3
272.0 280 0
0.3 23.8R°
AES-LALP
(Th 350.01
175 0
PIRNGHAB•
KAPCO220
529.0
-1.6
-150.6
10.7
-150.6
10.7
`-'15.6R 78
175.0
7.8
0.9123
29 6
2.3
AES-PKGN
0 350 0 175.0
15 6R 7.8
175 0
229.6 7.8
2.3
412.7
50.2
-174.5
-8.7
-174.5 20.0
-8.7 6.2
-174.5 20.0
-8 7 62
-174 5
8.7
86.9 820 0 0
10.5 41.3R
86.9
10.5
220 2
° 7791.94.R
0 92.5
• BAHWALPR
220.2
92 5
BAHWALPR
PARCO
20 0 40.0
-9.7 19.4
228.4
0.0
-20 0
-9.7
28.3
228 8
12
1 .0
124.0
-0.4
124.0
-0.4
r,
PIRNGHAB• 179.9 -208.3
34.1 -12.0
211 0 -23.7
14.9 -8.6
-208 3
226.6 -12.0
-3.6
r,
P.GAIB-1•
,,
45.5 r
28.1
-12.1
-25.9
D.G.KHAN •
D.G.KHAN •
QASIMBGH
83.2
•24.2
SRJ.M.RD •
211.0
FATIMA-E
MLN-IND
)1 -39.6
45.4 93 6
5.8 -1.0
-45.5
-9.1
45.8 91.6
89 17.8R 0
-455
-9.1
45 8
8.9
15.2 42.1
-14.2 29.9
MZFRGARH
1
15.2
421
-14.2 29 9
-42.1 77.2
-29.9 47.8
94.9 36.0
5.8 25.3
136 2
-1.7
-35.9 -57.3
-25.4 10.9
-112.6
3.8
CHAK-139
-42.1 -54.0
-29.9 11 3
54.9 -65 5
-10.9 4.3
10.6
a 6.5
114.1 74.3
2.4 24.6
KBGASHER
58.0 -67.7
-10.4 7.0
136.8
-0 1
-1.8
-91.8 14 4
-1.2 3.8
GUJRAT.S
V
136.0
-0.3
• N.A WALT
41.2 0.0 1(
25.5 -7.9 '`
69.0 92.0
-5.7 1.5
-91.8 99.4
-1.2 1.2
• CHOKMNDA
65.3 102.0
09 27.9
-101 9 99 4
-27.6 1.2
• CHOKMNDA
138.9
2.2
• KHANGARH
01 N-
1135.8
66.6 92.0
-3.4 1.5
)1 02 ,
0 6.0 1"--
136.9
0.2
co co
)1 -205.40
• TAUNSA
KOTADU-O
97
cq
1C T MILL
1.0000
14 9 231.0
1.9
KAPCO
23.7
8.8
0 530 0 195
40.0R 8.6
137.9
0.1
34 2
13.5
MESCO
7.8
3.5
134.1
-5 6
Co
• . 31.1
0 6.2
138.6
20
EXHIBIT #
NTERCONNECT1ON STUDY FOR POWER DISPERSAL OF
FRI OCT 07 2011 923
•
MULTAN
ROUSCH • 172 9
-112.7
843 4 -407.3
SAHIWAL •
20 9 -73.1
• R.Y KHAN
596.9 -316 4
FBD-NEW •--21 6 -153 8
560.1 -589.0
-78.2 -105.0
FBD-NEW •
8.4 -571 6
331.3 16.8
M.GARH-2
524.9
-3.7
0.1769
•
M.GARH
• D.G.KHAN
590.9 -543 9
41.7 -19.9
• GUDDU-NEW
573.9 -500 6
33.2 -0.7
• GUDDU
M.GARH-1
,t -253.9
-1470
o 16.5 61.4
MULTAN
TT.SINGH• 148 4 -270.0
-31.0 9.5
AES-LALP
n350.01
175.0
'-'15.6R 7.8
152.1
175.0
48.4
7.8
0.9123
29.6
228 5
2.3
0.9
216 2 Fe'
VEHARI • 302 9
77.3 144.6 0
0'
MGARHNEW
PIRNGHAB•
PIRNGHAB•
-152 1
-41.0
181.6 122.1
36.7 3.6
122 1
3.6
r-i
153.0
-8.1
153.0
-8.1
272.9 280.0
18 23.5R°
M.GARH-N
258.9 -411.0
-1.7 -46 7
302.9 -256.2
77.3 10.7
VEHARI •
KAPCO220
528.9
-1.6
8.4 -151 3
-317.5 9.8
148.4 -151.3
TT.SINGH•
-31 0 9.8
AES-PKGN
350.0 175.0
15.6R 7.8
175.0
229.6 7.8
2.3
411.2
48.1
-174.5
-8.7
-174 5 20.0
-8 7 6.2
-20.0 40.0 r.,,
-9.7 19.4 1.---
-174.5 20.0
-8 7 6.2
-20.0
-9.7
-174 5
-8.7
228.8
1.2
1 220 5
0 872214.R
92.8
• BAHWALPR
220 5
92.8
BAHWALPR
PARCO
28.3
1.0
124.3
0.2
124.3
0.2
211.5 -25.7
15.9 -8.6
181.6 -208.8
36.7 -12.9
211.5
FATIMA-E
MLN-IND
45.5
9.20 28.1
)1 _30
-15.5
-30.1
D.G.KHAN
1.8
OAS1MBGH 41 822.3
SRJ.M.RD •
MESCO •
D.G.KHAN •
44.1 98.1
4.1 -8.4
-45.5
-7.7
45.8 1 91 6
7.4 14 9R
-45.5
-7.7
45.8
15.7 39.3
-13.9 24.7
-39.3 77.2 r.„.
-24.7 47.8 1"..-33.5
-21.0
C.T.MILL
6.5
56.5
1.9
KBGASHER
137.0
0.3
57.3 -67.0
-11.4 8.0
137.0
-0.0
•T.
GU. RA1
cs
7
Nr cN
a, Oa
-25.5
00
136.0
-1.7
• TAUNSA
KOTADU-O
-91 8 14.4
-1 3 3.8
65.8 92 0
-4 4 1 5
68.2 92.0
-6.8 1.5
-91.8 99.4
-1.3 1 2
• CHOKMNDA
64.7 102.0
0.0 27.9
-102.0 99.4
-27.6 1.2
• CHOKMNDA
138.9
2.2
136.1
-0 3
• N.A.WALI
41.2 0.0
a 25.5-7.9 1(
0 0 9.7
-2.6 6.0
104 1 -33.6
-14.9 14.3
• KHANGARH
1.0000
15.9 231 0
19
KAPCO
25 7
8.8
530.0 19.5
37.0R 8.6
7.4 37.9
02
54.2 -64.8
-11.9 5.3
-39.3 I -53.4
-24.7 12.2
74.3
24.5
INTERCONNECTION STUDY FOR POWER DISPERSAL OF
FRI, OCT 07 2011 923
CHAK-139
MZFRGARH
15.7 39.3
-13 9 24.7
99.5 33 6
14.0 20 9
136 3
-1.6
-100.9
20.2
7.8
3.5
133.4
-5 7
228.4
0.0
-208.8
226.5 -12 9
-3.6
P.GAIB-1•
87.0 820.0
10.5 44 4R °
87 0
10.5
-86.4
-15 3
-86.4
-15.3
•
) '4? 31.1
ci 6.2
138.6
2.0
EXHIBIT #
Annexure-4
Information Required for Short Circuit and
Stability Studies
•
PSOE-32.0
PSS®E Model Library
Generator Model Data Sheets
GENROU
1.19 GENROU
Round Rotor Generator Model (Quadratic Saturation)
This model is located at system
bus
IBUS,
Machine identifier
ID,
This model uses CONs starting
with
J,
#
and STATEs starting with
ZSORCE for this machine is
on the above MBASE
CONs
#
PMECI I
EFD
Efd
V VOLT at
,
K.
T
for each of
MBASE.
The machine MVA is
units =
Note: Xd, Xq, X'd,
Pin
Terminal
Bus
Speed
Source Current
Terminal Voltage
+j
Description
Value
J
Tdo (>0) (sec)
J+1
T"'do (>0) (sec)
J+2
T'clo (>0) (sec)
J+3
T"qo (>0) (sec)
J+4
H, Inertia
J+5
D, Speed damping
J+6
Xd
J+7
Xq
J+8
X'd
J+9
X'q
J+10
X"d = X"q
J+11
XI
J+12
S(1.0)
J+13
S(1.2)
X"d, X"q, X1, H, and D are in pu, machine MVA base.
X"q must be equal to X"d.
1-44
Siemens Energy, Inc., Power Technologies International
PSS®E-32.0
Generator Model Data Sheets
GENROU
STATEs
#
Description
K
E'q
K+1
Ed
K+2
ykd
K+3
ykq
K+4
A speed (pu)
K+5
Angle (radians)
IBUS, 'GENROU', ID, CON(J) to CON(J+13) /
1-45
PSS®E-32.0
Excitation System Model Data Sheets
EXST1
6.35 EXST1
IEEE Type ST1 Excitation System
This model is located at system bus
#
IBUS,
ECOMP
Machine identifier
#
ID,
ETERM
This model uses CONs starting with
#
J,
XADIFD
#
K.
VOTI ISG
EXST1
EFD
VUEL
VOEL
CONs
#
Description
Value
TR
J
J+1
VIMAX
J+2
VIMIN
J+3
Tc
J+4
TB (sec)
J+5
KA
J+6
TA (sec)
J+7
VRMAX
J+8
VRMIN
J+9
Kc
J+10
KF
J+11
TF (> 0) (sec)
STATEs
K
#
Description
Vmeasured
K+1
Lead lag
K+2
VR
K+3
Feedback
IBUS, 'EXST1', ID, CON(J) to CON(J+11) /
6-80
PSS°E-32.0
Excitation System Model Data Sheets
EXST1
VREF
Vs
VIMAX
VT VRMAX KC 1IFD
►
ECR 1 + sTR
1 + sTo
KA
1 + sTg
1 + sTA
EFD
VT VRMIN
VIMIN
IIFD
sKF
1 + sTF
VS = VOTIISG + VUEL + VOEL
6-81
PSS®E-32.0
Stabilizer Model Data Sheets
STAB1
3.15 STAB1
Speed Sensitive Stabilizing Model
This model is located at system bus #
IBUS,
Machine identifier
ID,
#
This model uses CONs starting with #
J,
K.
CONs
#
#
SPEED ►
Value
K/T (sec)-1
J+1
T (sec) (>0)
J+2
Ti/T3
J+3
T3 (sec) (>0)
J+4
T2/T4
J+5
T4 (sec) (>0)
J+6
HLIM
K
VOTHSG
Auxiliary
Signal
Description
J
STATEs
STAB1
#
Description
Washout
K+1
First lead-lag
K+2
Second lead-lag
IBUS, 'STAB1', ID, CON(J) to CON(J+6) /
11 L1M
SPEED
Speed (pu)
Ks
1 + Ts
1 + T1 s
1 + T3s
1 + T2s
1 + T4s
► VOTHSG
-11Lim
3-40
Turbine-Governor Model Data Sheets
TGOV1
PSS°E-32.0
7.20 TGOV1
Steam Turbine-Governor
This model is located at system bus
tl
IBUS,
Machine identifier
if
ID,
This model uses CONs starting with
J,
K,
and VAR
L.
CONs
#
SPEED
Value
J
TGOV I
PMECH
Description
R
J+1
T1 (>0) (sec)
J+2
VMAX1
J+3
VMIN1
J+4
T2 (sec)2
J+5
13 (>0) (sec)3
J+6
Dt1
1 VmAx, VMIN, Dt are in per unit on generator base.
2 T21T3 = high-pressure fraction
3 T3 = reheater time constant
STATEs
#
Description
K
Valve opening
K+1
Turbine power
VARs
L
Description
Reference
IBUS, 'TGOV1', ID, CON(J) to CON(J+6) /
7-58
Turbine-Governor Model Data Sheets
TGOV1
PSOE-32.0
VMAX
Reference
VAR(L)
PM ECI I
7-59
Plant Characteristics
•
•
Characteristics
Values
Generation Voltage
132 kV
Frequency
50 Hz
Power Factor
0.8 lagging / 0.9 leading
Alternative Fuel
Dual Fuel (Bagasse / Coal)
About 9 %
$V
O
O
dm
Tfr
T
7.
77,
■
&&
ains
4
16 kW
tem trip. Caron In
in n.
Frai, on & Pontr Inon.mont Diagram •
teWinn
0■
11.-00
- _L_ j

Fatima Energy

Transcription

Similar documents

A4 poster Fatima 4May15 Pilg 11122014 1405.indd

Click here for Fatimas Birthday Bash information

2015 Agriculture Federal Credit Union (AgFed) Board of Directors

2014-2015 Annual Report - Our Lady of Fatima School

Colombia: Sustainability for small trapiches

December 14, 2014 Third Sunday Of Advent WORLD MEETING OF

PDF