MTC Advises On Major Water Project

Enertech Water (Private) Limited – The transaction involves a syndicated local currency project financing facility based on the Islamic mode of financing, for the development of a 45 cusec water supply arrangement from Nabisar to Vajihar to facilitate water supply to the industrial users in Thar, Sindh. The project is the first water supply project under a public-private-partnership concession arrangement in Sindh. The Firm’s scope of work includes full scope lender side advisory; including without limitation:

• transaction structuring;
• identifying and evaluating key legal risks/red-flags;
• advising on regulatory framework / approvals and foreign exchange control regime;
• drafting the suite of local law financing documents;

advising on conditions precedent and transaction closing.
MTC’s team included Salman Rahim and Hamza N. Shaikh.