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GOVERNMENT OF PAI(ISTAN
MINISTRY OF WATER AND POWER
(PRIVATE POWIR & INFRASTRUCTUREDOARD)
No. t ( 1i.)2)l)l'l lt-A11trs/()7/l'llJ
7,r'APfil2i)07
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Subjcct:
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LETTEROFSUPPORT(LOS)FORa2_5_A4tg_G_R_g"S$_AII]5_QL-II"O-I{-.E
PROTECTON LAI-IORE.SIIEIKUPURAROAD ON FAST TRACK
BASIS BY ATLAS POWER.LIMII*ED
L)c.rrSir,
f'ha Privatc Powcr & lnfrastructrrre Boarcl (1.'l)TB)is;rleaser:l trr issue the
Lctterof Strpport (LOS), itt clttplicatc, to Atlas Power Limjfed l'or an
"rpproximately
225 MW (gross TSO) power proje(rt lo be localetl on Lahore-Sheiklurpura
2.
Rc'racl.
alic{ L Rahffani
Encl: As abovc:
i.r.
:'
i:
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'
H o u s eN o .6 0 ,N azl mtrddiR
- paktstan
n oad,F-7l 4,l stamabad
Tel:(9251)9201848,92063s7,9222378,9222425
Fax:(92S1
) g7t7735,sz157z3
Emai|: AptilAEpib.g|p!,DE
Intrnet: http:,//www.
ppib.gov.pk
IB ISLRI'IRBRD
GOVERNMENT
OF PAKISTAN
MINISTRY
OFWATERAND POWER
(PRIVATEPOWER& TNFRASTRUCTURE
BOARD)
N o . 1( 10 2 ) P P IB -A tl a s/O7 /PRJ
M r . S a q u i bS h i ra zi
Director,Atlas Power Llmited
2noFloor,FederationHouse
Shahrah-e-Firdousi,
Clifton
Karachi
Subject:
eEr.4Errglverur
oi a rne
T tso coNDtTl
TED ON
i'b*
D e a rS i r,
REFERENQE
whereas,(i) the Government
of pakistan(Gop), throughthe private
Powerand Infrastructure
Board(pplB),Ministry
of water &-power,lslamic
Republicof Pakistan,is issuingthis Letter bf sLrpport(Los) io Aflas
l9y".r Limited( hereinafterihe "projectcompany'')unoei the fast track
initiative
andthe ProjectCompany
(i)
(ii)
(iii)
havingpaid a non-refundabre
processing/evaluation/regar
fee of
one hundredthousanddoilars(US$ 10O,bO0t)
paid in lquivalent
PakistanRupees,in favourof pplB;ano
(iv)
havingdeliveredan irrevocable,
unconditional,
on demandbank
guarantee,on terms acceptableto pplB, dated 5rhApril
2007
issuedby NationarBankof pakistan,corporatearancrr,chapat
Plaza'HasratMohaniRoad,Karachi,in the amountof us Dottars
@.--
IB ISLCNRBRD
a1 2ea7 z7:z2Pt1 P3
IB ISLRI.4RBAD
Apr.
27 2EA7 27 i A3Pl1 P4
-l
a
.tt
Q"
IB ISLNHRBRD
A pr. @ ? 2A Zf A Ti A 3PY
B.
AUTHOR|ZATIqII
of the lslamicRepublic
herebyconveyshis permission
The President
of Pakistan
to the ProjectCompanyfor the development,
design,engineering,
manufacture,
procurement,financing,construction,completion,testing, Commissioning,
insurance,
ownership,
operation
and maintenance
of an approximately
225 MW
Project(grossISO)powergeneration
facility(the "Complex")
to be locatedon
Lahore-Sheikhupura
Road, Provinoeof Punjabusing ResidualFurnaceOil
("RFO')as thefuelandto implement
(the"Project")
all activities
incidentalthereto
in accordancewith the termsof this LOS and with the provisionsof the Project
Agreementswhich havobecomeeffective,in accordancewith the lA and PPA.
produced
throughthe Complexshallbe Boldto the PowerPurchaser
Electricity
in
accordancewith the GenerationLicenceand the Tariff determinedby the
NationalElectricPowerRegulatory
Authority(NEPRA) underthe Regulation
of
Generation,Transmission& Distributionof ElectricPowerAct, 1997 and the
provisionsof a PPA to be enteredinto betweenthe ProjectCompanyand the
PowerPurchaser.
c.
FUEL$._U-PPLYAGREEMENT
Thesponsor(s)andthe Projectcompanyshallalsodiligently
pursue,negotiate,
'finalizeand executea Fuel supply
Agreementfor RFo with a competentfirel
supplier.
P5
IB iSLRI"IRBAD
D-
epr.
E f 2gA 7 v / iv4Pr l
EQUITY.CONTRIBUTION
TERMTNATTON
OFTHELETTEROF SUPPORT
Q.,
F.
GENERAL
't.
ThisLos shallbecomeeffective
on thedateof its issuance
by the pplB.
Capitalizedterms shall bear the meanings ascribedto them in the
pertinentparagraphsherein.
Other than where the context determines otherwise,the singular
includesthe pluraland vice versa.
4.
The obligations
of the Mainsponsorand the Projectcompanyunderthis
LOSshallbe jointandseveral.
5,
o.
IB ISLAMCBAD
Fpr.
E 7 zZe? A 7i A4Pl1 P1
Yourssincerely,
Government
of Pakistan
For and on behalfof the Presidentof the
lslamicRepublicof Pakistan
Received,Agreedand Acceptedby
Name
Title:
on behalfof the Main Sponsor and the
ProjectCompany.
Dated:
1 . Secretary
Water& Power,lslamabad
2. Chairman,
WAPDA,WAPDAHouse,Lahore
3. CEO.NTDC