Power Related Projects
MTC has been involved in and represented both banks and companies in respect of various power related projects. Brief details of some of the projects in which our firm has been involved in are provided below.
Atlas Power Limited
Our firm acted as the legal counsel for Atlas Power Limited (the "Project Company") in connection with the financing, construction and operation of approximately 213.60 MW (net) RFO-fired electric power generation facility located at Lahore-Sheikhupura Road, in District Sheikhupura, in the Punjab Province, Pakistan. Services provided to the Project Company in this respect included the drafting, negotiating and review of all project related and financing documents.
National Industrial Parks Development And Management Company
Our firm advised National Industrial Parks Development and Management Company in connection with the setting up of a 48MW Combined Cycle Gas fired power plant to be operated on Built, Own and Operate (BOO) basis. Services provided in this respect included the drafting, negotiating and review of all project related agreements, advising on the laws governing Captive Power Plants in Pakistan, advising on the procedure to be followed in connection with the bidding process and drafting all documents in connection with the same.
Orient Energy Systems (Oes)
Our firm provided legal advisory services to OES in connection with a transaction involving the rental and servicing of a 90MW power plant; services rendered in this respect included the reviewing, revising and advising on the rental contract and the service contract to be entered into between the parties, advising on the financing structure and the rights available to parties under the subject contracts.
Pakistan Power Resources (Ppr)
Our firm was involved in the rental of the PPR Power Plant located at Multan, Pakistan to Northern Power Generation Company Limited in which our firm acted as the legal counsel for PPR. The following services were provided to PPR in connection with this transaction: drafting, negotiating and review and advising on all project related and financing documents.
Kamoki Energy Limited (Kel)
Our firm provided legal advisory services to Pak Libya Holding Company (Private) Limited in their capacity as the Equity Joint Venture Partner and Finance Arranger / Lender in the matter of the proposed fast track 73 MW Rental Power Project of KEL. Legal services rendered in connection with this project included: Advising on the structure of the transaction and drafting, negotiating and review of all investment related, project related and financing documents i n connection with the Project.
Techno Engineering Services (Private) Limited (Techno)
Our firm provided legal advisory services to Techno in connection with the Power Rental Services transaction for 150MW net based on diesel generating sets and for Operations and Maintenance Services at 220/132 kV Grid Station Sahiwal, Sialkot. The following services were provided by our firm to Techno in connection with this transaction: Review and advising on various project related documents and advising on the regulatory regime and the relevant approvals / consents required from relevant authorities.
Techno Engineering Services (Private) Limited)
Our firm provided legal advisory services to Techno similar to those provided to Techno Engineering Services (Private) Limited above in connection with a transaction where Techno increased capacity of existing Power Plant from 150MW to 300MW.
Engro Energy (Private) Limited
Our firm provided legal advisory services to Engro Energy, which company was looking to design, engineer, construct, insure, commission, operate and maintain an electric generation dual fuel (gas and high speed diesel) fired electric power generation facility. Services provided in this respect included drafting, reviewing and negotiating the terms of various project related documents.
Dadu Energy (Private) Limited
Our firm represented a syndicate of banks and financial institutions led by National Bank of Pakistan in the approximately PKR 1,110,000,000/- (Pak Rupees One Billion One Hundred and Ten Million only) financing extended to Dadu Energy (Pvt.) Limited for the setting up of a gas-fired thermal captive power plant.
Saif Power Limited
Our firm provided legal advisory services to the lenders of the company in connection with the project whereby the Company wanted to develop an approximately 225 MW electric generation project to be located at Sahiwal, Province of Punjab, Pakistan. Services provided in this respect included drafting, reviewing, commenting and negotiating various project related documents to adequately protect the Lenders' interests.
Omni Power (Private) Limited
Our firm represented a syndicate of banks and financial institutions led by National Bank of Pakistan in the PKR 700,000,000/- (Pak Rupee Seven Hundred Million only) financing extended to Omni Power (Pvt.) Limited for the setting up of a gas-fired thermal captive power plant.
Southern Electric Power Company Limited (Ssgc)
Our firm acted as legal counsel for SSGC in connection with the setting up by SSGC of a 117 MW power plant and in this connection advised on applicable Pakistani laws to the project, drafted, provided comments and negotiated all relevant project documents. Also subsequently acted as the legal advisor to SSGC in connection with the obtaining of financing for the purpose of obtaining equipment and generators to construct a particular unit of SSGC's 117 MW power plant.
Walter Power International Limited
Our firm provided legal advisory services as the Lenders Counsel in the matter of Proposed USD 167.7 Million Project Finance (Funded and Non Funded Facilities) for 205 MW Korangi Rental Project for Lakhra Power Generation Company Limited to Walter Power International Limited. Services provided included advising on structural and related issues based on the Financing Term Sheet, reviewing and advising on the legal and regulatory regime for the project, reviewing and advising on project documents and drafting of the finance and security related documents.
Dolmen City / Other Miscellaneous Clients
Our firm provided detailed opinions on the various laws, rules, regulations and policies regulating the power sector in Pakistan and the laws regulating the oil and gas industry in Pakistan.
Advisory Services In Connection With Wind Power Projects
Our firm was recently involved in two similar equity investments transactions into project companies looking to set up wind based power plants of 49 MW each. The scope of work in this respect included the carrying out of a due diligence of the project companies, reviewing and providing comments on the various project documents.
Project Financing For Captive Power Plants
Our firm has been engaged by various Lenders in several transactions pertaining to the setting up of captive power plants. The scope of services provided in this respect includes the reviewing and negotiating various project documents and the drafting and finalziation of all Financing Documents.
Power Sector Circular Debt Restructuring
Our firm has been engaged in the Circular Debt restructuring involving new debt issue by Power Holdings Limited involving numerous banks, GOP, PEPCO, oil refineries, OMCs, distribution companies and power generation companies.