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    Talking Points For Lender's Conference - 18012019

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    Muhammad Adil Maneka

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    Talking Points For Lender's Conference - 18012019

    Uploaded by

    Muhammad Adil Maneka
    4 views1 page

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    Talking Points for Lender's Conference_18012019

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    4 views1 page

    Talking Points For Lender's Conference - 18012019

    Uploaded by

    Muhammad Adil Maneka

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Talking Points for Lender’s Conference

    (January 18, 2019)


     Earliest project completion is our priority
     Simple cycle operational before summer is also our priority
     Govt. of Punjab commits to extend full support to this project including but not limited to the
    following:
    a) Additional equity, if required (2 billion)
    b) Working capital 20% part (6 billion)
    c) Standby Letter of Credit (SBLC) guarantee of 20% (7.6 billion)
    d) Up to financial close by March 2019 LC retirements (10 billion)
     Support of entities from Federal Government stands available:
    a) Sui Northern Gas Pipelines Limited (SNGPL)
     Gas Supply Agreement (GSA) with SNGPL in final stage
     Gas pipeline construction completion March-April 2019
     Temporary gas pipeline connection by end February 2019
     Banks concerns on SBLC issue of three 3 RLNG (QATPL and NPPMCL) projects
    has been taken up with concerned (Ministry of Energy and SNGPL) for amicable
    solution
    b) Central Power Purchase Agency (CPPA)
     Power Purchase Agreement (PPA) with CPPA in final stage
     Reimbursement Agreement (RA) with SNGPL being processed
     Installation of metering system, witnessing of tests etc. by NTDC in hand
     Banks concerns on CPPA outstanding payments for QATPL is being taken care
    and in coming day better releases will be witnessed
     CPPA ensures that capacity payments for QATPL will be ensured without any
    default
    c) Irrigation department is helping in canal intake/outfall structures construction
    d) Security department is fully engaged for foolproof security
     We expect banks should fully and expeditiously move forward for financial close by end of
    February/March 2019 for PTPL as well as to extend financial support towards additional
    working capital and SBLC provisions for QATPL

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