Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form...

32
GOVERNMENT OF THE PUNJAB `` Pre-Qualification Document (PQD) for Solicited Site 135 MW Taunsa Hydropower Project District Muzaffargarh, Punjab, Pakistan (Including Evaluation Criteria) Government of the Punjab Energy Department Punjab Power Development Board March 2019

Transcript of Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form...

Page 1: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

GOVERNMENT OF THE PUNJAB

``

Pre-Qualification Document (PQD)

for

Solicited Site

135 MW Taunsa Hydropower Project

District Muzaffargarh, Punjab,

Pakistan

(Including Evaluation Criteria)

Government of the Punjab

Energy Department

Punjab Power Development Board

March 2019

Page 2: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page i of ii

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

TABLE OF CONTENTS

Part-I: INSTRUCTIONS TO BIDDERS Page

Definitions 2

1. General 4

1.1. Background 4

1.1.1. Location and access of Project Area 4

1.1.2. Geographical Location of Taunsa Hydropower Project 4

1.1.3. Feasibility Studies 4

1.1.4. Meteorology 5

1.1.5. Flood 5

1.1.6. Pre-qualification of Companies/Consortia 5

1.2. Statement of Qualification 5

1.3. Discretion 5

1.4. Currency 5

1.5 Interpretation & Final Determination 5

2. Pre-Qualification 5

2.1. Eligibility Requirements 5

2.2. Basis for Disqualification 6

3. Financial& Technical Information 6

3.1. Financial Information 6

3.1.1 Net Worth 6

3.2. Technical Information 7

3.2.1 Experience of Power Projects 7

3.2.2 Project Implementation Approach 7

4. Financial Statement Data 8

5. Compliance Documents 8

5.1. Formats 8

5.2. Consortium Agreement 8

5.3. Foreign Instruments 9

6. Submission of Statement of Qualification (SOQ) 9

6.1. Timing, Number of Copies and Filing Requirements 9

6.2. Sealing and Marking of SOQ 9

6.3 Additional Information/Queries 10

7. Material Change 10

8. Review and Evaluation of SOQ 10

8.1 Review and Evaluation 10

8.2 Supplementary Information 10

8.3 Return of SOQ 10

8.4 No Reimbursement of Costs 10

9. Notification of Pre-Qualification 10

10. Discharge and Exemption 10

11. Use of Information 11

12. Governing Law 11

13. Disclaimer 11

Page 3: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page i of ii

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Part-II: ANNEXURES AND APPENDICES Page

Annexure A SOQ Letter 13

Annexure B Financial Statement Data 14

Annexure C Experience of Power Project 16

Annexure D-1 Power of Attorney 17

Annexure D-2 Power of Attorney 18

Annexure E Affidavit of Sponsor(s) 19

Annexure F-1 Consortium Agreement 20

Annexure F-2 Legal Opinion on Consortium Agreement 21

Annexure G Undertaking 22

Annexure H Evaluation Criteria 23

Appendix I Executive Summary of 135 MW Taunsa HPP 25

Page 4: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 1 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

PART – I

INSTRUCTIONS TO BIDDERS

Page 5: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 2 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

DEFINITIONS

Authorized Member If the Applicant is a Consortium, the Authorized Member will be the

Consortium member, which has been duly appointed by all Consortium

members to submit and sign on their behalf all documents required

hereunder and bind entire Consortium to the contents thereof.

Collective Net worth In case of a Consortium, the collective net worth of the Sponsor(s)

shall be the Net worth of the Main Sponsor plus the product of (a)

Net worth of each member of the consortium and (b) its %age of

equity contribution as provided in consortium agreement (as

required under Section 5.2 of this PQD).

Consortium Where the Sponsors are comprised of a group of individuals and/or

Corporations who have submitted SOQ as per the requirements of

this PQD, the Main Sponsor shall represent and bind all Sponsor(s)

of the Consortium in all matters connected with the Project,

including submission of SOQ on behalf of the Consortium.

Corporation Includes companies, firms and such other legal entities duly

incorporated under the laws of the country where such entities Head

Office is situated and recognized as having legal personality under

the laws of that country, whether in Pakistan or not and other than

individuals.

DISCO Any Distribution Company in Punjab i.e. Lahore Electric Supply

Company (LESCO), Multan Electric Power Company (MEPCO),

Gujranwala Electric Power Company (GEPCO), Faisalabad Electric

Supply Company (FESCO) & Islamabad Electric Supply Company

(IESCO)

Due Date As notified by PPDB through electronic and print media

EPC Engineering Procurement and Construction

GOP Government of Pakistan

GoPb Government of the Punjab.

HPP Hydropower project

IPP Independent Power Producer-A Power Plant normally installed to

supply energy to National Grid.

LOI Letter of Interest as described in the Policy

LOS

Letter of Support as described in the Policy

Main Sponsor If the Sponsors are a Consortium, one of the Sponsors

designated/Identified as the Main Sponsor in the SOQ, having a lead

role and possessing sufficient financial strength to hold at least 20%

of the equity in the Project Company during the lock-in-period

which will be from the date of issuance of the Letter of Support, till

the sixth anniversary of the successful commissioning of the plant

and who has been duly appointed by all Consortium Sponsor(s) to

submit and sign on their behalf all documents required hereunder to

bind the entire Consortium to the contents thereof.

Page 6: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 3 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

NEPRA National Electric Power Regulatory Authority

Net worth

Net worth is the sum of total assets less the sum of total liabilities

In the case of a Corporation, the net worth will be determined on the

basis of an average of the last three (3) years audited financial

statements or the audited financial account of the year 2017-18,

whichever is better, in accordance with International Financial

Reporting Standards (IFRS) / Generally Accepted Accounting

Principles (GAAP).

In the case of an individual the net worth will be determined on the

basis of his cash, liquid assets, deposits, Government securities,

shares and property owned. Where immovable property is included

in the total assets of an individual, the value of the property must be

certified by an evaluator ranked in ‘Category I’ by the Banking

Association of Pakistan (BAP). 60% (sixty percent) of the value of

the total immovable property will be considered for purposes of

determination of an individual net worth. In the case of foreign

immovable property a reputable foreign evaluator acceptable to

PPDB may certify the same.

In the case of a Consortium, the collective Net Worth of all

Sponsor(s) will be considered as Net worth of the Consortium which

shall be calculated as per the procedure defined under “Collective

Net worth”.

Policy The Punjab Power Generation Policy, 2006 (Revised 2009) and

Policy for Power Generation Projects, 2015 of GOP.

PPDB Punjab Power Development Board.

PQD This Pre-Qualification Document containing eligibility criteria for

Pre-Qualification and basis for Disqualification.

Project Approximately 135 MW Taunsa HPP Solicited Site Project

proposed to be located on right bank of Taunsa Barrage in District

Muzaffargarh.

Pre-Qualified Sponsors

Sponsor(s) that fulfill the eligibility requirements set out in

Section 2.1 and are not disqualified in terms of Section 2.2 and

scoring thresh-hold marks as set out in the evaluation criteria of this

PQD will be considered a Pre-Qualified Sponsor after issuance of

a Notification of Pre-Qualification by PPDB.

SOQ

The Statement of Qualifications to be submitted by the Sponsor(s),

containing the information as set out and required under this PQD

and including such additional/ supplemental information that may

subsequently be provided to PPDB in response to a request by PPDB

or otherwise provided here-under.

Sponsor

An individual or a Corporation, who must have registered with

PPDB and who shall be considered as the Main Sponsor in terms of

this PQD.

Sponsors

In the case of a Consortium the Sponsors shall comprise of the entire

Consortium. One member of the consortium must have registered

with PPDB in terms of this PQD.

Page 7: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 4 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

1. GENERAL

1.1 Background

Government of the Punjab intends to develop 135 MW Taunsa HPP under the Policy. The

updated feasibility study of the project has been completed in July 2016. Project will be

developed by private sector as an IPP.

1.1.1 Location and access of Project Area

Taunsa Hydropower Project is proposed to be built adjacent to the existing Taunsa Barrage on the

Indus River, in District Muzaffargarh, Punjab. It is about 30km southeast of Taunsa town. It is

120 km from Multan, where there is an airport. There are road and railway leading to the project

area.

The nearest town is Kot Addu, 10 km southeast of the site. From project area, it is about 420km

distance to Lahore and 750 km to Karachi. The road from Multan to project is asphalt paved and

is generally about 7m wide. Generally speaking, the project area is easily accessible.

1.1.2 Geographical Location of Taunsa Hydropower Project

Taunsa barrage was designed for a flood discharge of 28,300m3/s. However, greater than expected

retrogression downstream of the barrage had necessitated construction of a subsidiary weir at

280mdownstream of the barrage to raise water level, reduce water head difference, and decrease

erosion on the downstream riverbed. Two irrigation canals, Muzaffargarh (235 m3/s) and Taunsa-

Panjnad (397 m3/s), take water from left side of the barrage while the other two canals, Dera

Ghazi Khan (410 m3/s) and Kachhi (170 m

3/s), take water from the right side of the barrage. The

proposed Taunsa hydropower project is located on the right side, where there are D.G. Khan

Canal and Kachhi Canal off taking from the River Indus.

1.1.3 Feasibility Studies

Water and Power Development Authority (WAPDA) completed conceptual planning of the

Taunsa Hydropower Project in 1985 that was subsequently updated by GTZ- the German agency

for International Cooperation, in 2000. Recently GoPb has got completed detailed feasibility

studies of 135 MW Taunsa HPP.

SALIENT FEATURES OF 135 MW TAUNSA HYDROPOWER PROJECT

S.

No.

Name Unit Quantities

1 Installed Capacity MW 135

2 Annual Generation at: i) Turbine

shaft

ii) Generator Terminal

iii) Bus Bar with 1% aux.

Gwh

(Million

KWh)

650.89

637.87

631.52

3 Plant factor %age 53.94

4 Rated Discharge per machine m3/s 287

5 Max./Min./rated water head m 7.25/3.77/5.8

6 Design Discharge m3/sec 3155.5

7 Turbine Type Type Bulb

8 Number of Turbines/Generators Set 9

9 Rated power of each

Turbine(/generator)

MW 15.3 (/15 with 0.8

power factor lagging)

An Executive Summary of 135 MW Taunsa HPP is available at Appendix-I

Page 8: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 5 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

1.1.4 Meteorology

The highest monthly mean temperature of the project area is about 44.1 degree C and the lowest

monthly mean temperature is about 18.0 degree C; the annual precipitation ranges from 83.0mm

to 513mm and the annual mean precipitation is about 208mm; the mean annual wind speed ranges

from 0.87m/s to 2.21m/s; and the mean annual relative humidity is 56.5%.

1.1.5 Flood

The flood season ranges from May to September in each year. The maximum flood peak is

observed at 27,000m3/s in 2010, and the minimum flood peak is observed at 5,300m

3/s in 2004.

1.1.6 Pre-qualification of Companies/Consortia

Interested companies/consortia are requested to submit a Statement of Qualification (SOQ) to

PPDB by the Due Date in the form and manner set out herein for pre-qualification of

companies/consortia. Request for Proposal (RFP) will be issued to pre-qualified

companies/consortia only against payment of specified charges to submit bids.

The project would be implemented on Build, Own, and Operate and Transfer (BOOT) model

under the Policy and would be transferred to the Government of Punjab after the completion of

concession period of 30 years from the commercial operation date.

1.2 Statement of Qualifications

Information provided in the SOQ will be examined by PPDB to evaluate the technical and

financial strength of Sponsor(s) for the purposes of Pre-Qualification in respect of the proposed

Project. The evaluation will be carried out in terms of PQD submitted.

1.3 Discretion

Notwithstanding anything contained herein, PPDB may in its discretion reject any or all SOQs

without assigning any reason whatsoever and shall not be called in question.

1.4 Currency

All financial information in the SOQ will be provided in United States Dollars (USD) or

equivalent Pak Rupees by clearly mentioning the exchange rate applied for such conversion(s)

(Refer Table B-2 of Annexure B of this PQD).

1.5 Interpretation & Final Determination

The interpretation and final determination of any matter relating to the PQD and all enclosed

Documents, Sections, Annexures, Compliance Documents etc. as well as any additional or

supplementary information required by PPDB, will be at PPDB’s sole discretion which shall be

final and binding on all Sponsor(s).

2. PRE-QUALIFICATION

2.1 Eligibility Requirements

Sponsor(s) must fulfill all the following eligibility requirements, to the satisfaction of PPDB, for

Pre-Qualification:

(a) The Sponsor(s) must submit complete information in this PQD to PPDB by the Due Date.

In addition, the Sponsor(s) must submit all additional / supplemental information if

requested for by PPDB during review of the SOQ.

(b) If the Sponsors are a Consortium, there must be a Main Sponsor appointed through a

Power of Attorney executed by all other Consortium Sponsor(s) referred to in Section 5.

(c) The Sponsor(s) must comply with all the requirements of this PQD.

(d) The Net worth of the Sponsor(s) must be in accordance with Section 3.1.1(i).

(e) The Net worth of the Main Sponsor must be in accordance with Section 3.1.1(ii).

(f) The Sponsor (or in the case of a Consortium one of the Sponsors) must have ‘Experience

of Power Projects’. For explanation see Section 3.2.

Page 9: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 6 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

(g) The Sponsor(s) must have submitted and executed the Compliance Documents referred to

in Section 5 in the form and manner prescribed and submitted the same to PPDB part of

the SOQ through courier and by hand.

(h) The Main Sponsor in the SOQ will be required to hold at least 20% of the equity of the

project company during the “lock-in-period” which will be from the date of issuance the

Letter of Support till the sixth anniversary of the successful commissioning of the plant.

The Pre-Qualified Sponsor(s) must similarly together hold 51% of the equity for the same

period.

(i) When the Sponsor(s) is / are a new company specifically incorporated for submission of a

solicited site proposal the eligibility requirements shall be applicable to the shareholders

of the new company rather than to the new company itself.

(j) The sponsor must submit a comprehensive approach and methodology proposal for the

solicited site in accordance with section 3.2.2.

2.2 Basis for Disqualification

The following may be the basis for disqualification of a Sponsor(s) by PPDB at any time/stage:

(a) if the Sponsor(s) fails to comply with any of the requirements of Section 2.1, in the time,

form and manner prescribed;

(b) misrepresentation, withholding or concealment of information in the SOQ by the

Sponsor(s);

(c) if the Sponsor(s) fails to disclose or provide any additional information as may be

required by PPDB during the evaluation and qualification process;

(d) if the Sponsor or any of the Sponsors of the Consortium are currently in wilful default on

its obligations to any bank or financial institution in or outside Pakistan;

(e) if the Sponsor or any of the Sponsors of the Consortium have been declared bankrupt or

insolvent in the last three (3) years;

(f) if PPDB determines that the Sponsors or any Sponsor of a Consortium is prohibited from

doing business with GoPb on grounds which may include but are not limited to public

policy or national interest;

(g) failure to report any material change in the SOQ following submission thereof;

(h) a material change in the SOQ, without prior approval of PPDB, which results or may

with the passage of time result in the disqualification in terms of this PQD;

(i) When the Sponsor(s) is/are a new company specifically incorporated for submitting a

proposal for the Project, the basis for disqualification shall be applicable to the

shareholders of the new company rather than to the new company itself;

(j) if the applicant, or any officer, director or owner thereof, has been in substantial

noncompliance of the terms and conditions of prior project contracts.

3. FINANCIAL AND TECHNICAL INFORMATION

For the purposes of Sections 2.1(d), (e) and (f) PPDB will require the following Financial and

Technical information:

3.1 Financial Information

3.1.1 Net worth

i) The Collective Net worth of the Sponsor(s) must not be less than 1.5 times of the

proposed equity in the Project. As per Policy the minimum equity required by the

Sponsor(s) is 20% of the total project cost (the “Project Equity”). For calculation

purposes the notional cost of the Project would be taken as USD 3.0 Million/MW.

ii) The Main Sponsor must also have a Net worth at least equal to 2.5 times the proposed

equity contribution in the Project. As per Policy, the minimum equity contribution by the

Page 10: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 7 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Main Sponsor is 20% of the Project Equity. For calculation purposes the notional cost of

the Project would be taken as USD 3.0 Million/MW.

Information in respect of Section 3.1 must be provided in the form attached in Annexure ‘B’

accompanied with supporting documentary evidences.

3.2 Technical Information

3.2.1 Experience of Power Project

The Sponsor (or in the case of a Consortium any member of the Sponsors) must have prior

experience of at least one (1) Hydropower Project of 100 MW or more capacity. Only power

projects successfully commissioned in the past fifteen (15) years having installed capacity not less

than 100MW each will be considered for Pre-Qualification of Sponsor(s). A maximum of four (4)

projects will be considered for evaluations and preference will be given to sponsors having

experience of hydropower projects. “Experience of Power Projects” shall include successful

experience of acting as all or one of the following:

Lead Project Developer

Lead Construction Contractor

Direct or Indirect shareholder of at least 15% of an existing project company which has

successfully commissioned a power project of 100 MW capacity or above.

Lead Operation Manager

Note: -Experience as Independent Power Producer for Planning, Installation and Operation of

Power Projects,

Information in respect of Section 3.2.1 must be provided in the form attached in Annexure ‘C’

accompanied with supporting documentary evidence.

1. For the power project development, experience given in section 3.2.1 of the PQD, there

will be no change whatsoever.

2. Regarding the power projects, operation and management experience of section 1.1 (b) of

Annexure-G, the word "commissioned” in the 3rd

line of Section 3.2.1 shall be replaced with

the word “working”.

3.2.2. Project Implementation Approach

Project Implementation Approach Score of the Sponsor(s) will be obtained by adding scores

achieved in sub-categories “Understanding of Project Development”, “Timelines of Major

Milestones”, “Methodology” and “Project Development Setup”. For this purpose the following

formula will be used for each Sponsor:

a) Understanding of Project Development

Under this section the Sponsor(s) is required to precisely elaborate his understanding about the

hydropower project development process in Pakistan specific to the Project by keeping in view

the Project site and local conditions. This should include but not limited to the following:

i. Power Policy(ies), applicable laws and customary practices in development of

hydropower projects.

ii. Consents and permissions required from different entities of federal and provincial,

governments and local authorities and departments w.r.t. Proposed Project

iii. Stages involved in developing Proposed Project

iv. Identification of potential difficulties and their remedies for smooth implementation of the

Proposed Project

b) Timelines of Major Milestones

Under this section the Sponsor(s) is required to identify major activities and sub-activities and to

give timelines in shape of monthly bar chart w.r.t. to the development/implementation of

Page 11: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 8 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Proposed Project starting from issuance of LOS up to Financial Close. This should cover but not

limited to the following:

i. Time required for achievement of Financial Close from issuance of LOS

c) Methodology

Under this section the Sponsor(s) is required to precisely explain the method/work plan for

implementing various activities of Proposed Project in relation to his understanding and above

said timelines. The methodology should include but not limited to, its actions/performance under

Letter of Support, including negotiation of project concession documents, arrangement of

equity/debt and achievement of Financial Close, etc.

d) Project Development Setup

Under this section the Sponsor(s)is required to provide organization chart and his proposed team

including but not limited to, the technical, financial and legal experts for undertaking

management/coordination for executing various major activities under the LOS. Further, the

Sponsor(s) will demonstrate plan for setting up office in Pakistan to coordinate and take timely

decisions regarding the Proposed Project’s development activities.

4. FINANCIAL STATEMENT DATA

The Sponsor shall submit the following information to PPDB as part of the SOQ:

(a) in the case of Corporations, audited financial statements for the last three (3) years

demonstrating financial viability, duly audited by a reputable firm of qualified

accountants, which shall consist of consolidated financial statements in case the

Sponsor(s) is/are a holding company. Similar financial information for any parent

company, affiliates and associated undertakings/companies should also be included /

accompanied with supporting documentary evidences.

(b) in the case of individuals, details of cash, liquid assets, deposits, government securities,

shares and property owned;

Information in respect of ‘Financial Statements’ must be provided in the form attached in ‘Annexure B’

5. COMPLIANCE DOCUMENTS

5.1 Format

The Compliance Documents referred below, duly completed in the forms attached, accompanied

with supporting documentary evidence shall be submitted by all Sponsor(s) as part of the SOQ by

hand or through courier only. Such SOQ/information received through email or fax shall not be

considered.

Compliance Document Annexure SOQ Letter A

Financial Strength B

Experience of Power Project C

Power of Attorney D-1 &D-2

Affidavit of Sponsor E

Consortium Agreement F-1

Legal Opinion on Consortium Agreement F-2

Undertaking G

5.2 Consortium Agreement

In addition to the above in the case of a Consortium the Sponsors are required to submit to PPDB

as part of the SOQ an Agreement between all the Consortium Sponsors clearly stating:

(a) the percentage (%) of each of the Consortium Sponsor’s equity stake in the Project;

(b) the role of each Sponsor in the Consortium;

Page 12: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 9 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

(c) Main Sponsor’s obligation to subscribe to not less than twenty percent (20%) of the total

issued and paid up share capital of the project company and maintain such shareholding

from issuance of the Letter of Support till the sixth (6th)anniversary of successful

commissioning of the Project; and

(d) The Consortium Sponsors shall together hold at least fifty one percent (51%) of the total

issued and paid up share capital of the project company and maintain such shareholding

from the issuance of the Letter of Support until the sixth (6th) anniversary of successful

commissioning of the Project.

(e) Where the Consortium Agreement is governed by a law other than Pakistani law, PPDB

will require a legal opinion from a law firm, acceptable to PPDB, qualified to issue

opinions on the law governing the Consortium Agreement, confirming that the

Consortium Agreement is legal, valid, binding and enforceable.

5.3 Foreign Instruments

All Powers of Attorney and Affidavits executed outside of Pakistan must be authorized by a

Notary Public or any Court, Judge, Magistrate and shall be counter signed by the Pakistan Consul

or Vice-Consul or representative of the Government of Pakistan in the country of origin.

6. SUBMISSION OF SOQ

6.1 Timing, Number of Copies and Filing Requirements

Sponsor(s) must submit through courier or by hand, an original and 3 (three) copies of its SOQ

within the Due Date to PPDB at the following:

Managing Director

Punjab Power Development Board

1st Floor, Irrigation Secretariat, Old Anarkali, Library Road, Lahore.

Ph. +92-42-99213879, +92-42-99213885 Fax. +92-42-99213875

Email: [email protected]

Each SOQ shall be in English accompanied by the supporting documents. Should any original

supporting documents not be in English a certified translation of the same in English shall be

provided by the Sponsor(s). Submission of SOQ through fax, e-mail, cable & telegram will not be

accepted.

In case of submission by courier, it should be ensured that SOQ is reached the above mentioned

office before or on the Due Date. In case of submission by hand, the SOQ should be submitted to

the above mentioned office by the Due Date in such case a Receipt from the authorized person in

the office of the Managing Director should be obtained.

6.2 Sealing and Marking of SOQ

In order to avoid the possibility of loss of the contents of an SOQ due to a rupture, all the SOQ

should be enclosed in a sealed envelope which itself should be enclosed in another envelope. Both

the inner and outer envelopes must be marked with the full address as shown above and also be

labelled as follows:

Commercial Papers

Does not contain Merchandise

Company Statement of Qualification Form

Main Sponsor’s name and contact person

Address

Telephone Number

Fax Number

Page 13: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 10 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

6.3 Additional Information/Queries

Additional information/queries (if required) regarding the submission of proposals for the Project

can be obtained from:

Managing Director

Punjab Power Development Board

1st Floor, Irrigation Secretariat, Old Anarkali, Library Road, Lahore.

Ph. +92-042-99213879, 99213877 Fax. +92-042-99213875

Email: [email protected]

7. MATERIAL CHANGE

(a) Sponsor(s) must immediately report to PPDB in writing any material change in the

information provided in their SOQ (including any information relevant to any Consortium

/ Sponsor). The determination of material change shall be in PPDB’s sole and exclusive

discretion. Any failure to report such material change shall constitute grounds for

disqualification. The material change itself could also lead to disqualification of the

Sponsor(s).

(b) No significant change in the ownership or control of the Sponsor(s) shall be allowed at

any time without the prior written consent of PPDB. In giving such consent PPDB may

require the submission of modified SOQ by the Sponsor(s) to be re-evaluated under the

terms and conditions of this PQD.

8. REVIEW AND EVALUATION OF SOQ

8.1 Review and Evaluation

The Compliance Document of the Sponsor(s), as demonstrated in the Sponsor(s) SOQ, will be

reviewed and evaluated by PPDB to determine as to whether the Sponsor(s) / Partners(s) will

ultimately be eligible for development of 135 MW Taunsa HPP. RFP will be issued to all

sponsors pre-qualified in accordance with the criteria for evaluation of Statement of Qualification

(SOQ) against payment of specified fee.

8.2 Supplementary Information

Where PPDB deems it necessary, it may request supplementary information or documentation

from Sponsor(s) and whenever such request is made the Sponsor(s) shall provide the same to

PPDB by such date as may be specified by PPDB.

8.3 Return of SOQ

PPDB shall be under no obligation to return any SOQ or supporting materials submitted by

Sponsor(s).

8.4 No Reimbursement of Costs

PPDB shall not entertain any claim nor shall it reimburse the Sponsor(s) for any costs incurred,

including but not limited to, the registration, purchase, submission, or any other costs associated

with or incidental thereto with this PQD.

9. NOTIFICATION OF PRE-QUALIFICATION

If the Sponsor(s) fulfil the eligibility requirements set out in Section 2.1 and are not disqualified

in terms of Section 2.2 will be issued a Notification of Pre-Qualification to the Main Sponsor.

10. DISCHARGE AND EXEMPTION

Sponsor(s) that submit SOQ exempt and discharge GoPb including PPDB, its consultants,

advisors and personnel, completely and unconditionally from any responsibility or liability for the

decisions that may be made with respect to its Pre-Qualification hereunder and that GoPb, PPDB,

its consultants, advisors and personnel shall not be liable for any such actions and shall be under

no obligation to inform the Sponsor(s) of the grounds for disqualification.

Page 14: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 11 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

11. USE OF INFORMATION

Permission for disclosure of information submitted by Sponsor(s) as part of the SOQ is not

required for the release of information to GoPb including PPDB, its consultants, advisors and

personnel for the purpose of Pre-Qualification and evaluation.

12. GOVERNING LAW

This PQD will be governed by and construed in accordance with all applicable Laws of Pakistan.

13. DISCLAIMER

This Prequalification Document (PQD) by Punjab Power Development Board (PPDB) does not

create any legal and financial commitment. Moreover, PPDB reserves the right to withdraw from

or cancel the process or any part thereof or to vary any of its terms at any time without giving any

reason whatsoever. This PQD does not constitute an agreement; its sole purpose is to provide

interested parties with information that may be useful to them in submitting their Expressions of

Interest (EOIs) pursuant to issuance of this PQD. Nothing contained in any other provisions of

this PQD nor any statements made orally or in writing by any person or party shall have the effect

of negating or suspending any of the disclaimers set forth in this disclaimer.

Page 15: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 12 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

PART – II

ANNEXURES AND APPENDICES

Page 16: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 13 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Annexure A

135 MW Taunsa Hydropower Project

SOQ Letter Managing Director

Punjab Power Development Board

Irrigation Secretariat, Old Anarkali,

Lahore.

The undersigned

Last Name: ___________________________

First Name: _________________________

Title/Position: _________________________

Company: [____Applicant________] (the “Main Sponsor”)

In case of consortium: the consortium consists of the following consortium partners:

a. _____ [Main Sponsor]

b. _____ [Partner]

Acting as the legal representative of the persons/entities pursuant to the [power(s) of attorney] attached

hereto as Annexure-D1 and Annexure-D2, located at the following address:

Address: __________________________________________________

Telephone: ________________________________________________

Fax: ______________________________________________________

Email: _____________________________________________________

Hereby certify, represent, warrant and agree, on behalf of the Sponsor(s) that:

1. This Statement of Qualifications (“SOQ”) Letter, along with all its attachments listed at Annexure

B to G attached hereto, forms our SOQ and is submitted in response to the Pre-Qualification

Document issued by PPDB, in order to get pre-qualified for development of solicited site of 135

MW Taunsa Hydropower Project. All capitalized terms used herein shall have the meanings

assigned to such terms in the Policy.

2. We certify that: (i) the information submitted as part of this SOQ is complete and accurate and

legally binding upon individual Sponsor and each and every member of the consortium]: (ii) we

will be bound severally and jointly to (a) this SOQ, (b) the terms of the Proposal submitted with

PPDB along with this SOQ, (c) (i) we accept the documents, terms and Conditions of the PQD;

and (ii) we will pay all fees as described in the Policy, and/or advised by PPDB.

3. We understand the criteria and process for evaluation of SOQ established in this PQD, and

acknowledge that PPDB is not obliged to accept our SOQ and/or accept our Proposal based on

this SOQ and may at any time reject our SOQ or cancel the pre-qualification process at its sole

discretion and that PPDB shall not be liable for any such actions and shall be under no obligation

to inform the Applicant of the grounds for them.

4. PPDB and its authorized representatives are hereby authorized to conduct any inquiries or

investigations to verify the statements, documents and information submitted in connection with

this SOQ, and to seek clarification from our bankers and clients regarding and financial and

technical aspects. This SOQ letter will also serve as authorization to any individual or authorized

representative of any institution referred to in the supporting information, to provide such

information deemed necessary and requested by you to verify statements and information to

provide such information provided in this SOQ or with regards to the resources, experience and

competence of the Applicant.

In [location], on this [date]

The Main Sponsor duly authorized to execute the SOQ for and on behalf of the Applicant

[consortium]:

_____________________________________

Authorized signature and seal

Name: ……………………………………

C.N.I.C. ________________________________

Page 17: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 14 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Annexure B

135 MW Taunsa Hydropower Project

Financial Statement Data

B-1 The Sponsor, or each of the Sponsors in the case of a Consortium, must fill Table B-1 below

accompanied with supporting documentary evidence.

Table B-1: Financial Statement Data

Name of Sponsor (Individual/Corporation/Consortium Sponsor)

(All figures in USD or equivalent Pak Rupees)

2016 2017 2018

1 Current assets

2 - Cash and cash equivalents

3 - Other current assets

4 Fixed assets

5 Other assets (please specify)

6 Total assets

7 Current liabilities

8 Long-term liabilities

9 Other liabilities

10 Total liabilities

11 Net Worth (6 minus 10)

12 Shareholders’ equity

13 - Paid up capital

14 - Retained earnings

15 - Others (please specify)

16 Other Reserves (please specify)

Operating Results

17 Revenues

18 Gross profit

19 Income before interest and tax

20 Financial charges

21 Tax

22 Net profit after tax

23 Dividends paid

_____________________________________

Authorized signature and seal

C.N.I.C. #.__________________________________

Notes

1. In case the sponsors are a Consortium, please provide a separate Annex B for each member of

the consortium.

2. Please provide last three (3) years audited financial statements in accordance with

International Financial Reporting Standards (IFRS) / Generally Accepted Accounting

Principles (GAAP). In case the Sponsors are a Consortium, attach last three (3) years audited

financial statements for each member of the consortium.

3. In case any Sponsor(s) has subsidiary companies, consolidated financial statements are also

Page 18: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 15 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

required in accordance with International Financial Reporting Standards (IFRS) / Generally

Accepted Accounting Principles (GAAP).

4. In the case of listed companies please also attach most recent quarterly financial statements.

5. In case the reporting currency in the financial statements is not in US Dollars, conversion rate

prevailing on [_____________] shall be used which rate must be specified below

6. For the sake of calculation of financial worth of the consortium, the financial credentials of

each member (other than the Main Sponsors) shall be considered on prorata basis as per the

project equity contribution of the respective member

Reporting Currency Conversion Rate used

in Financial Statements

----------------------------- ---------------------------

Page 19: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 16 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Annexure C

135 MW Taunsa Hydropower Project Experience of Power Project

The Sponsor, or each of the Sponsors in the case of a Consortium, shall provide the required information regarding

the Experience of Power Projects in Table C-1. The information provided herein will be used by PPDB to assess the

Sponsor(s) qualifications required under Section 3.2 of the PQD. Only projects successfully commissioned within

past 15 years having and having capacity of not less than 100 MW of the Project will be considered Pre-qualification

of Sponsor(s). “Experience of Power Projects” shall include experience of acting as all or one of the following:

Lead Project Developer

Lead Construction Contractor

Direct or Indirect shareholder of at least 15% of an existing project company which has successfully

commissioned a power project of 100 MW capacity or above.

Lead Operation Manager

The Sponsor, or each of the Sponsors in the case of a Consortium, must fill Table C-1 below separately for each

project completed by it accompanied with supporting documentary evidence.

Table C-1: Experience of Power Projects

Name of Sponsor (Individual/Corporation/Consortium Sponsor)

(___________[Name of previous project] Power Project )

No. Item Information 1 Name of the Sponsor

2 Sponsor(s) role in the project completed

i.e. Lead Project Developer, Lead Construction Contractor,

Majority Share holder or Lead Operations Manager

3 Name of Project

4 Sponsor(s) share in the equity of the completed

project (if applicable)

5 Location of plant

6 Name of owner

(including contact person, his address and telephone,

fax No.’s/ email address )

7 Name of power purchaser

8 Capacity of plant

9 Type of plant

10 Fuel of plant

11 Number and rated capacity of units

12 Status of plant

[Under construction or commercial operation]

13. Number of Years of successful operation Total number of years______ from_______ to _______.

14 Principal manufacturers of major equipment

15 List of specific major tasks/services performed by

Sponsor(s)

16 Date of award of project

17 Duration of construction period

18 Commercial operations date of each unit

19 Total capital cost of project

20 Companies and institutions who financed the project [names and amounts in USD, required if the Sponsor(s) were

equity partners in the project]

21 Value of contract

[amount in USD required if Sponsor(s) were a Lead contractor ]

22 Any other details

Page 20: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 17 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Annexure D-1 Power of Attorney

[IMPORTANT NOTICE: Power of Attorney to be printed on stamp paper or equivalent in case of a foreign

Applicant signed and notarized. In the case of a Pakistani Attorney, a copy of his computerized national identity

card (“CNIC”) should be attached with the Power of Attorney. In the case of a non-Pakistani Attorney, a copy of his

passport should be attached.]

Instructions for Applicants:

If the Applicant is a Consortium each member of the Consortium, other than the member being nominated, shall

furnish a Power of Attorney authorizing the a member to act and receive instructions on behalf of all the Consortium

members and to submit the Proposals for and on their behalf.

KNOW BY ALL MEN THAT by this Power of Attorney (“Power of Attorney”),

_______________[Insert name of Consortium member] having its registered office at [], does hereby

nominate, appoint and authorize _____________ [insert the name of the Authorized Member] having its

registered Head Office at [] hereinafter referred to as the “Attorney”, to :

(i) sign and submit to the Government of Punjab, Punjab Power Development Board,

(PPDB) or its authorized nominee the Proposal and all other documents and instruments

(“Proposal”) required pursuant to the Pre-qualification Documents (PQD) for approximately 135

MW Taunsa solicited Hydropower Project located on Indus River (Project), including but not

limited to the Proposal Letter, financial and technical strength information and the Project

implementation Approach;

(ii) execute all such deeds, documents and instruments as may be considered necessary and

expedient in relation to the foregoing; and

(iii) perform and carry out all other actions as may be required by PPDB under the PQD

Document.

_____________ [Insert name of Consortium member] does hereby ratify and confirm whatever the

Attorney shall do by virtue of these presents.

Name of the Grantor…………….

Designation: …………………….

National ID Card/ Passport No. …………………

WITNESSES:

1.

2.__________________

NOTARY PUBLIC:

___________________

___________________

Page 21: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 18 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Annexure D-2 Power of Attorney

[IMPORTANT NOTICE: Power of Attorney to be printed on stamp paper or equivalent in case of a foreign

Applicant, signed and notarized. In the case of a Pakistani Attorney, a copy of his computerized national identity

card (“CNIC”) should be attached with the Power of Attorney. In the case of a non-Pakistani Attorney, a copy of his

passport should be attached.]

Instructions for Applicants:

1. If the Applicant is not a Consortium, it will furnish a Power of Attorney authorizing the person who signs

the Proposal Letter and other documents forming parts of the Proposal to sign for and on behalf of the Sponsor(s)

and to bind the Sponsor(s) to the signed Proposal and any subsequent agreement.

2. If the Sponsors is a Consortium, each member of the Consortium (including the member being nominated)

shall furnish a Power of Attorney authorizing the person or persons who sign(s) the Proposal Letter and other

documents forming parts of the Proposal to sign for and on behalf of the Sponsor(s), which term includes all

members of Consortium, and to bind the Sponsors to the signed Proposal and any subsequent agreement.

KNOW BY ALL MEN THAT by this Power of Attorney (“Power of Attorney”),

_______________[Insert name of Consortium member] having its registered office at [], does hereby

nominate, appoint and authorize Mr _____________ s/o of _______________, r/o _____________

(whose specimen signature appears below) on behalf of ______________ [Insert name of Consortium

member] hereinafter referred to as the “Attorney”, to :

(i) sign and submit to the Government of Punjab, Punjab Power Development Board,

(PPDB) or its authorized nominee the Proposal and all other documents and instruments

(“Proposal”) required pursuant to the Pre-qualification Documents (PQD) for approximately 135

MW Taunsa solicited Hydropower Project located onIndus River (Project), including but not

limited to the Proposal Letter, financial and technical strength information and the Project

implementation Approach;

(ii) execute all such deeds, documents and instruments as may be considered necessary and

expedient in relation to the foregoing; and

(iii) perform and carry out all other actions as may be required by PPDB under the PQD.

_____________ [Insert name of Consortium member] does hereby ratify and confirm whatever the

Attorney shall do by virtue of these presents.

Name of the Grantor…………….

Designation: …………………….

WITNESSES: National ID Card/ Passport No. …………………

1.

2.__________________

NOTARY PUBLIC:

___________________

___________________

(Specimen Signature of Authorized Attorney

(Specimen Signature of Authorized Attorney)

Page 22: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 19 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Annexure E

Affidavit of Sponsor(s)

[IMPORTANT NOTICE: Affidavit to be printed on stamp paper or a Legal Paper or equivalent in case of a foreign

Applicant signed and notarized. A separate Affidavit from each Consortium member will be required.

Instructions for Applicants:

All Sponsor(s) whether individual or a Consortium, each member of the Consortium must submit an affidavit.

Instructions for Sponsor: Every Sponsor (including each Sponsor of a Consortium) must submit an

Affidavit.

AFFIDAVIT OF {Name of Sponsor (Individual/Corporation)}

[] SON OF/HEAD OFFICE[] RESIDENT OF /LOCATED AT []

I the above named deponent do hereby solemnly declare and affirm on oath as under:

1. That [insert name of Consortium Sponsor/ Individual] is not presently under default with any

financial institution and has not been declared as bankrupt or insolvent under the laws of any

country which has jurisdiction over [insert name of Consortium Sponsor/ Individual] in the last

three (3) years.

2. (Only the Main Sponsor is required to submit this point) That the Main Sponsor does not own

more than 25% of the total generation capacity in Pakistan at the time of submission of SOQ.

3. (Only the Main Sponsor is required to submit this point). That the Main Sponsor hereby

commits irrevocably in the SOQ to hold at least twenty percent (20%) of the equity of the

project company during the “lock-in-period” which will be from the issuance date of the Letter

of Support until the sixth anniversary of the successful commissioning of the plant.

4. That the Sponsor(s) hereby commit in the SOQ to provide collectively fifty one percent (51%) of

the total equity in the Project and to hold such minimum equity from the date of the LOS to the

sixth anniversary (6th) of the Commercial Operations Date of the Project, if the Sponsor(s) were

to be selected as the successful Pre-Qualified Sponsor.

5. That within its shareholders, owners and companies there is no individual working for PPDB,

GoPb or WAPDA and DISCOs.

Deponent

Verification

Verified on oath this day/month of [], 2016 at [] that the contents of this Affidavit are true and correct to

the best of my knowledge and belief and that nothing has been concealed therein.

Deponent

Page 23: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 20 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

ANNEXURE F-1

CONSORTIUM AGREEMENT

Instructions for Sponsors: (Only applicable in the case of a Consortium).The Consortium Agreement

inter-se the Sponsors must be submitted to PPDB. Please see Section 5.2 for instructions.

Page 24: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 21 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

ANNEXURE F-2

LEGAL OPINION ON CONSORTIUM AGREEMENT

Instructions for Sponsors: (Only applicable in the case of a Consortium). A legal opinion on

Consortium Agreements governed by a law other than Pakistani law must be submitted to PPDB. Please

see Section 5.2 (e) for instructions.

Page 25: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 22 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

ANNEXURE G

UNDERTAKING

[IMPORTANT NOTICE: Declaration to be printed on stamp paper singed and notarized from country

origin]

Sponsor (Instructions for Sponsor: Every Sponsor (including each partner of a Consortium) must

submit a Declaration).

Declaration of [ Name_________ Company_________ Designation having its registered

office_________]

I the above-named deponent do hereby solemnly declare and affirm on oath:

That [insert name of Consortium Partner / Individual] is not presently involved in any litigation against

any entity / functionary of Government in Power Sector and doesn’t have any history of legal and

regulatory incompliance.

That [insert name of Consortium Partner / Individual] has not committed any misrepresentation and

concealment of information in the SOQ.

That [insert name of Consortium Partner/ Individual] is not blacklisted / restrained to operate in power

sector anywhere.

That the information provided in Annex B & C is true and correct to the best of my knowledge and belief

and that nothing has been concealed therein.

Signatures: ________

Designation: ________

Company Seal: ________

CNIC / Passport # ________

Page 26: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 23 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

ANNEXURE H

Criteria for Evaluation of PQD for Solicited Site Projects

1. TOTAL SCORE [100 Marks]

1.1 TECHNICAL STRENGTH SCORE (30 Marks)

(a). Power Project Development Experience 20 Marks

(b) Power Project Operation, Management

Experience 10 Marks

1.2 FINANCIAL STRENGTH SCORE (60 Marks)

Applicant Financial Strength

Score = A (nw) + A (lr) + A (bp) + A (ab)

Whereas;

A(nw) =Net worth Score of the Sponsor(s) 30 Marks

A(lr) =Liquidity Score of the Sponsor(s) 05 Marks

A(bp) =Borrowing Power Score of the Sponsor(s) 15 Marks

A(ab) =Asset Base Score of the Sponsor(s) 10 Marks

1.3 PROJECT IMPLEMENTATION METHODOLOGY (10 Marks)

a) Understanding of Project Development 1.5 Marks

b) Timelines of Major Milestones 4.0 Marks

c) Methodology 3.0 Marks

d) Project Development Setup 1.5 Marks

2. QUALIFYING SCORE 65%

Aggregate qualifying score shall be 65% with the provision of obtaining minimum of 40% in each

component of Technical, Financial and Project Implementation strength.

3. EXPLANATIONS:

3.1 TECHNICAL EVALUATION

a) Power Project Development Experience: A maximum of four (4) power projects shall

be considered for evaluation. Each project will secure 20% marks against Power Project

Development Experience (1.1.a above). For each hydropower project 5% additional

marks will be given.

b) Power Project Operation, Management Experience: A maximum of four (4) power

projects shall be considered for evaluation. Each project will secure 20% marks against

Power Project O&M Experience (1.1.b above). For each hydropower project 5%

additional marks will be given.

3.2 FINANCIAL EVALUATION

3.2(1) Net worth Score of the Sponsor(s) 30 Marks

Description Marks

Collective Net worth of the Sponsor(s) is equal to 1.5 time

the equity contribution 12

Page 27: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 24 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Collective Net worth of the Sponsor(s) is greater than 1.5

time the equity contribution but less than or equal to 2

times of the equity contribution

16

Collective Net worth of the Sponsor(s) is greater than 2

time the equity contribution but less than or equal to 2.5

times of the equity contribution

20

Collective Net worth of the Sponsor(s) is greater than 2.5

time the equity contribution but less than or equal to 3

times of the equity contribution

25

Collective Net worth of the Sponsor(s) is greater than 3

time the equity contribution 30

*Note: For the purpose of calculation of net worth, the equity contribution will be taken as 20% of the

notional Project cost.

3.2(2) LIQUIDITY ASSETS

Any sponsor with highest liquidity shall qualify full marks provided that the liquidity score in

case of ranking of more than one sponsor shall be calculated as under:

LS Score = A (lr) = (LR / Hr) x 5

LR = sum of the liquidity of the Main Sponsor plus product of (a) liquidity of

each member of the consortium and (b) its %age equity as provided in

the consortium agreement

Hr = highest collective liquidity of the Sponsor(s) amongst all applicants

3.2(3) THE BORROWING POWER

In case of single sponsor borrowing power must be based on at least 20% equity

provided that in case of more than one sponsor, the ranking shall be calculated in

accordance with the following formula.

BP Score = A (bp) = (Lr/DER) x 15, where:-

DER = Debt/Equity; and

Debt = sum of the debt of the Main Sponsor plus product of (a)debt of each

member of the consortium and (b) its %age equity as provided in the

consortium agreement

Equity = sum of the equity of the Main Sponsor plus product of (a)equity of each

member of the consortium and (b) its %age equity as provided in the

consortium agreement

Lr = lowest debt / equity ratio of the Sponsor(s) amongst all applicants

3.2(4) ASSET BASE SCORE OF THE APPLICANT.

In case of single sponsor the asset score shall be ascertained according to the

possession of at 1.5 times equity contribution of the project, provided that in case

of more than one sponsor ranking shall be calculated in accordance with the

following formula.

AB Score = A (ab) = (V/Hab) x 10, where:-

V = sum of the total assets of the Main Sponsor plus product of (a) total

assets of each member of the consortium and (b) its %age equity as

provided in the consortium agreement

Hab = highest collective total assets of the Sponsor(s) amongst all applicants

Page 28: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 25 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

APPENDIX-I

DESCRIPTION OF 135 MW TAUNSA HYDROPOWER PROJECT

1. Pakistan is a developing country where the rapidly growing population’s electricity demands have

overloaded the power infrastructure. The fulfilment of these demands has become a serious concern and

challenge for the Government. The Provincial Governments are taking steps as per national and provincial

policies to plan and execute power projects and generate electric power through various sources and

projects.

2. The Government of Punjab has also planned and initiated several power projects to fill up the

demand and supply gap. The establishment of Punjab Power Development Board (PPDB) in 1995 was a

step forward to achieve this goal. The Punjab Power Development Board (PPDB) on behalf of

Government of Punjab intends to develop the Taunsa Hydropower Project through private sponsors as

Independent Power Producer (IPP).

3. The technical due diligence of Feasibility Study (2013) by China Three Gorges International and

BIDR was assigned to NESPAK. Due diligence report was submitted by NESPAK in 2014 after

independent technical assessment of Taunsa Hydropower Project based on the review of various project

related documents and a site visit. In light of the due diligence results NESPAK was assigned the task to

update the Feasibility Study carried out by TGI and BIDR in June 2013.

4. Taunsa Hydropower Project is proposed to be located on right bank of Taunsa Barrage

(676867.8088 Eastings (m) & 3376973.1271 Northings (m)) across Indus River. It is a run of the river,

low head hydropower scheme envisaged to provide power to the national grid. The proposed project area

is located on the Indus alluvial plain where the area opened up to form a large alluvial plain of Indus

deposits containing sands and silts from thousands of years. Quaternary deposits mainly comprises

manmade fill, Indus River alluvial deposits of clayey silt and silty sand. The plain is virtually flat, having

an approximate general slope of 0.18 m per km towards the sea. Project location map is shown as

Figure -1.

5. The highest monthly mean temperature of the project area is about 35.4 °C and the lowest

monthly mean temperature is about 12.9 °C; the annual mean precipitation is about 210 mm; the mean

annual wind speed range from ranges 0.4 knots to 6.8 knots and the mean annual relative humidity ranges

from 22.7% to 88.6%.

6. During the updation of Feasibility Study, NESPAK carried out topographic survey, hydrological

studies, geological and geotechnical site investigations, installed capacity optimization, electro-

mechanical design, layout planning and hydraulic design, sedimentation and flood management studies,

structural design, economic and financial analysis. The Land Acquisition & Resettlement Plan (LARP)

has also been updated.

Page 29: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 26 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Figure-1: Project Location Map

7. The main components of the scheme include a power channel consisting of headrace and tailrace,

powerhouse, aqueducts, road and railway bridge. Hydraulic and structural engineering design has been

carried out in accordance with the current engineering practices. The mechanical, electrical and control

systems have also been designed for this scheme.

Page 30: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 27 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

8. Main features of the proposed Taunsa Hydropower Project are given below:

Barrage Design Discharge 28,312 m3/sec

Powerhouse Design Discharge 3,155.5 m3/sec

Installed Capacity 135 MW

Rated Discharge 3,155.5 m3/sec

Gross Head 6.0m

Rated Head 5.8m

Annual Generation at:

i) Turbine shaft

ii) Generator Terminal

iii) Bus Bar with 1% aux.

650.89 GWh

637.87 GWh

631.52 GWh

Turbine Type 3 Blade Bulb Turbine

Turbine Units 9 Units

Plant Factor 55.04%

Runner Diameter 7.045m

Turbine Speed 73.2 rpm

9. The proposed recommended layout of the hydropower scheme located on the right side of Taunsa

Barrage is shown in Figure-2. The isometric views of the proposed Project are shown in Figures-3 & 4.

10. Four power generation alternatives were analysed to come to a conclusion for the most

appropriate hydropower scheme through power optimization. The selection of most appropriate turbine

type, i.e. bulb type turbine, was made considering the available head across and discharge variations. The

rated head of 5.8 m has been selected which proved to be viable through economic analysis.

11. Physical model studies of the proposed power scheme carried out at Irrigation Research Institute

(IRI), Nandipur. A testing scheme was chalked out and model tests were run accordingly to physically

observe the flow pattern and behavior of proposed designs for different discharges. The hydraulic

performance of the proposed designs was satisfactory at the physical model.

12. A sedimentation study was carried out to estimate the amount of sediment inflow and its

consequences on the barrage and powerhouse. It was concluded in the study that average annual sediment

influx at Taunsa Barrage is 104 million tons including bed sediment load at 10% of suspended sediment

load. The effect of the construction of Taunsa Hydropower Project on the flood management capacities of

the barrage is included in the study.

Page 31: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 28 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Figure-2: Recommended Layout of Proposed Hydropower Scheme

Page 32: Pre-Qualification Document (PQD) for Solicited Site 135 MW ... · PPDB by the Due Date in the form and manner set out herein for pre-qualification of companies/consortia. Request

Page 29 of 29

Pre-qualification Document PUNJAB POWER DEVELOPMENT BOARD

Solicited Site-Taunsa HPP ENERGY DEPARTMENT

Figure-3: Isometric view of proposed Project

Figure-4: Isometric view of proposed Project