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Attiqur Rehman
Mughal
Energy & Power Expert
Financial Analyst
The
Power and Energy
Division of the firm is managed by Mr. Mughal,
whose credentials are as under;
Educational Background
He was awarded a degree of
MBA with Majors in Finance by
Islamic International University,
Islamabad in 2004. He undertook the said Degree
Course on
“Merit
Scholarship” which can easily be compared with
“Magna cum Laude”
awarded by the Western Universities.
He completed his BSc (Hons) from
Islamic
International University, Islamabad in 2002. It
is pertinent to mention that he was awarded
“Merit” for undertaking
the said course.
Trainings & Courses
Conversant with
ADB guide lines for financial and Economic analysis
of investment projects
As a mark and token of appreciation, he was nominated to
undertake:
Fundamentals of Utility Tariffs: Determining the Revenue
Needs and Structuring Rates
(Online Training Course) 2010, The Institute for Public
Private Partnership (1P3),
Washington DC,
United Sates of America.
Project and Programme Management 2011,
Royal Institute of Public Administration (RIPA)
London, United
Kingdom.
Hydropower Project Financing and Project Economy 2011,
International Centre for Hydropower,
Dhulikhel, Nepal
All the courses, mentioned herein above, were
successfully completed by him.
It is pertinent to mention that his contribution to the
course work was commended by the course instructors and
fellow students, alike.
Key Professional Expertise
Investment Analysis and Evaluation
of Project Financing Options;
Financial Modeling for Energy sector Projects,
particularly for Power Sector;
Detailed Financial Feasibility Review of Power Projects;
Tariff (Unit Cost) Modeling incorporating applicable
Government Policies;
Financial planning and capital budgeting;
Cash-flow analysis and sensitivity analysis;
Preparation of Request for Proposals (RFP) and Bid
Documents;
Bid Evaluation leading to Award of Contract
Review of Concession Agreements and Preparation of
Security Packages;
Procurement of Consultants in compliance with
Multilateral Bank’s Procurement Guidelines and
Procedures;
Financial, Procurement and Interim progress reporting to
the World Bank’s Team;
Preparing the financial expenses part of Company
budgeting;
Review current and fixed assets,
liabilities, charges, revenue and expenses.
Some of the Projects include:
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Detailed Tasks Assigned
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Work Undertaken that Best Illustrates
Capability to Handle the Tasks Assigned
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Detailed Financial Feasibility review of
Hydropower Projects
Project Cost Structure Analysis
Preparation of Financial Models to assess
the viability of Proposed Projects
Tariff modeling for Hydropower Projects
Sensitivity Analysis of various Project
Parameters and its impact on Tariff and on
the Project Financial Viability in
Particular
Evaluation and Selection of the optimal
Financing Option in relation to Tariff
Modeling
Preparation of RFP and Bid Documents Leading
to Selection of Consultants
Review of Concession Agreements and Security
Package. etc
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Currently working as Financial Specialist on
World Banks’s (WB) Project of Water Sector
Capacity Building and Advisory Services
Project (WCAP).
Key responsibilities include procurement
plan preparation for advisory services,
annual cash-flow projections in compliance
with WB Procurement plan, loan agreement,
Financial evaluation of hydropower projects,
estimation of project viability gap funding
requirements, financial structuring of the
project etc.
Contribution at IPDF:
Detailed Feasibility Review, Cost Structure
Analysis, Preparation of Tariff Model of
“Lawi”
(69 MW) Hydropower Project which recently
has been approved by KPK Government for its
implementation.
Financial Modeling, Viability Assessment,
Preliminary Tariff estimation, Preparation
of Request of Qualification (RFQ) for Lower
Palas Valley (665 MW) and Lower Spat Gah
(496MW) Hydropower Projects which recently
have been awarded to
K-WATER & Daewoo Engineering and
Construction CO and KOMIPO-POSCO Engineering
Consortium respectively.
Financial Viability Assessment and Tariff
Structure Analysis HANZAL (20 MW) Hydropower
Project and Evaluation of various Financing
Options for its Implementation on Public
Private Partnership (PPP) modality.
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Preparation of Excel based Financial model.
Financial analysis.
Preparation of PC-1.
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Made following contributions in the
Preparation of
Pakistan's Sustainable Energy
Efficiency Development Program (SEED) for
Asian Development Bank (ADB):
Estimated current level of energy
consumption and Energy saving potentials for
various industrial sectors,
Financial analysis of CFLs replacement
project in accordance with the requirements
of government agencies, Spreadsheet model
development for CFLs cost assessment,
taxation and applicable incidental and
financial analysis for PC-1,Preparation of
PC-1 for DISCOs
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Cost structure Analysis using COSTAB, ADB
prescribed software.
Financial viability assessment.
Revenue assessment.
Working capital requirements
Generation and consumer tariff Estimation
Sensitivity analysis.
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Financial Analysis of the Shigarthang and
Chilas Hydro Power Projects for Northern
Areas Water and Power Department Asian
Development Bank (ADB) under Tranche-2 of
Renewable Energy Development Sector
Investment Program (REDSIP) by ADB.
Conducted financial analysis in accordance
with the ADB guidelines for financial
analysis. The assignment included
Preparation of spread sheet model for
financial analysis; cash flow analysis
including revenues from expected emission
reductions; calculations of key financial
parameter to determine the project
viability, sensitivity analysis and tariff
determination, Preparation of financing plan
and loan disbursement schedule
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Power supply demand analysis.
Estimated the indicative tariff.
Operating cost optimization
Sensitivity analysis.
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Feasibility Study of AGL Power Plant, Attock
Refinery Ltd. (ARL) Rawalpindi, Pakistan:
Economic and Financial Analyst
Attock Refinery Ltd.
(ARL) engaged a consortium of consultants,
with Electrowatt (Finland) as lead
consultant, to prepare complete feasibility
of AGL power plant located at Morgah
Rawalpindi and conducted the financial
analysis of the project; power supply demand
balance at regional level; fuel supply
analysis and alternative fuel options;
assistance to the lead consultant in tariff
modeling.
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Prepared spread sheet model to estimate
indicative tariff
Financial viability assessment.
Cost comparison with other thermal plants
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Feasibility Study, Intergen Power Project,
Islamabad, Intergen (Pvt.) Ltd.: Economic
and Financial Analyst
Conducted a complete
feasibility study for 150 MW power plant
proposed at Lachi, district Kohat, and task
included, financial and Cost analysis of the
project; fuel supply analysis and estimated
fuel requirements of primary and back up
fuels; sensitivity analysis of the tariff
model.
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Financial viability assessment of installing
power plants at field well heads operated by
Pakistan Oil fields Limited (POL).
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Viability of Converting POL Gas into Power,
Attock Refinery Ltd. (ARL), Rawalpindi,
Pakistan: Economic and Financial Analyst
Evaluated the possibility
of installing power generators at various
wellheads operated by Pakistan Oil Fields
(POL).
The study assessed the availability
of gas, power infrastructure requirements,
and included preliminary cost estimates and
a financial analysis. Details of
contribution included, 15-year production
forecast; cost estimates for power plants at
each wellhead; financial analysis to
determine IRR and sensitivity analysis.
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Power supply demand analysis
Power demand projection at country level
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Gas Market Study, GLOBELEQ (USA), Islamabad:
Economic and Financial Analyst
Study included the
current supply demand position both, at
regional and country level and projection of
future demand for the next twenty years.
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Preparation of integrated Spread sheet model
for transmission and compressions
optimization investment requirements and
paybacks of the project.
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System Optimization Study for Natural Gas
Transmission and Compression Infrastructure,
, Sui Northern Gas Pipelines Limited
(SNGPL), Lahore: Economic and Financial
Analyst
Assisted in the
preparation of the economic model for
economic and financial analysis of
alternative configurations of the project
for existing operation and expansion of the
transmission system.
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Cost structure analysis.
Valuation
of company assets.
Evaluation
of commercial contracts.
Price value chain and distribution margin
analysis.
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Technical and Commercial Due Diligence of
LPG Marketing and Distribution Company, JS
Private Equity, Karachi: Economic and
Financial Analyst
For commercial and
technical DD of an LPG business, contributed
to the study with replacement value of the
equipment; cost sharing basis for the
company equipment; cost structure analysis;
commercial evaluation of cylinders in
circulation; distribution margin and price
variation analysis; revenue sharing
agreements with the distributors.
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Financial and cash flow analysis.
Working capital requirements estimation and
management system.
Prepared PC-1 of the project.
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Preparation of Revised PC-1 Documents for
Combined Effluent Treatment Plants and a
Hazardous Waste Handling Facility in
Karachi, Pakistan Industrial Development
Corporation (PIDC), Karachi: Economic and
Financial Analyst
Tasks included updating
of cost estimates and financial analysis
conducted earlier under an ADB supported
projected, preparation of PC-1 consistent
with the requirements of the Planning
Division of Ministry of Finance, Government
of Pakistan, and support to PIDC for gaining
approval of government funding for the
projects.
The assigned task included, economic
least cost analysis; financial cash flow
analysis; estimation of equity requirements;
cost recovery tariff estimation; accounting
and covenant analysis; sensitivity Analysis.
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Assisted in cost structure and financial
analysis.
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Technical and Financial Feasibility for
Combined Power and
Desalination Plant, DHA Cogen Limited
(DCL), Karachi,: Economic and Financial
Analyst
A twenty years power
supply-demand analysis; cost estimates for
power plants; financial analysis to
determine IRR and sensitivity analysis for
key economic and cost parameters.
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At
present, he is working as “Financial Specialist” in
Multipurpose Water Reservoir Financing Cell (MWRFC). MWRFC had been
set up by the World Bank to facilitate the public sector
in the development of Hydropower and Water Sector, in
2008/09. MWRFC has since been amalgamated and become
part of Infrastructure Project Development Facility
(IPDF), Ministry of Finance.
During his career, he has worked on a diverse range of
projects relating Energy Sector with particular emphasis
on Power Sector (Hydro and Thermal Power).
Moreover, he has been interacting with
Government
Institutions, Private Sector Investors, Multilateral
Development Banks and Distribution Companies, in
order to accomplish the tasks, referred to above.
His Professional achievements, academic record and
accomplishments also bear testimony to his dedication
towards work.
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