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Wasif Mustafa Khan - (Director)

  • Over 35 years Multi-Disciplinary assignments specially in Fund Raising, Development of New Projects and Entities;
  • Demonstrated Ability in Achieving Goals. Projects Started, Closed, Completed and put into Operations;
  • An individual with substantial Management and Leadership experience to cope with varied assignments:
  • Demonstrated Ability in Organisational Management & Communication Skills with strength in Negotiations, Target Achievements and Problem Solving & Solution Implementation ;
  • A Team player and organiser with hands on experience in Policy Making & Planning, Strategies Development & Implementation, Leadership & Organisation and Negotiation;
  • An Experienced, Mature, Versatile and Energetic Professional who keeps himself update to the modern times, trends and practices;

HIGHLIGHTS OF CAREER ACHIEVEMENTS:

  • Planned, Executed and achieved Operations of a 225MW new Unit as an Expansion for The Hub Power Company Limited at Narowal, Punjab. Conceived the project, negotiated & signed all contracts including approvals from NEPRA, Banks & Stakeholders and achieved financial closing. The project has fruitfully started Operations during 2011.
  • Initiated the Successful Acquisition of an 84 MW Hydro Power Project by HUBCO in 2008-9. Organised its Financial Close by Renegotiating with Contractors, Other Stakeholders and arranging Additional Financing.
  • Team Leader for the Crescent Group led consortium for the Buyout of the Faisalabad Electricity Supply Company Ltd. and Carrier Telephone Industries Ltd., under the GoP Privatisation programme.
  • Led the NDFC teams, which achieved Financial Close (leading to commercial operations) for some of the largest Infrastructure Projects in Pakistan's
    • Private Sector.
    • Hub Power Company Ltd.,
    • Asia Petroleum Company Ltd.,
    • Japan Power Company Ltd.,
    • Rousch (Pakistan) Power Ltd.,
    • UCH Power (Pvt) Ltd
  • Led arrangement for the First Time in Pakistan, a US$ 75 million Counter Guarantee Syndicate for a Usance Letter of Credit through a consortium of Pakistani Private Sector Commercial Banks
  • Successfully arranged Funding for various Projects and IPP's in the lead of the World Bank through Bilateral & Multilateral agencies and Commercial Lenders.
  • Head of Projects: Expansion for Hubco through new projects and acquisition. Initiated, Developed, Negotiated & Executed Contracts, Arrangements of Finances and Financial Close, Execution and Implementation, and Commercial Operations.
  • Led NDFC's team for Hubco's Senior Rupee Facility Syndication Arrangement for US$ 100 million rupee equivalent. (largest Rupee financing in Pakistan at the time)
  • Arranged Long Term Subordinated, and Limited Recourse Financing for the First time in Pakistan.
  • Under World Bank, assisted in the resourcing of the PSEDF,
  • Established and Developed new institutions in terms of financial & organisational structuring, developing systems, producing policy proposals & documents, etc.
    • Regional Development Finance Corporation - 1984-85
    • Private Sector Energy Development Fund.(PSEDF[NDFC Energy Division]) 1988
  • Introduced Computer based Financial Modeling in DFI's in 1985 for Agrobased industries, Chemical Industries and ultimately used the experience for IPP's Tariff Projections and Financial Analysis.
  • Planned and achieved a successful Restructuring & Merger of 3 Leasing companies and an Investment Bank resulting in the creation of the Crescent Standard Investment Bank Limited.
  • Vast Experience of Project Appraisal & Reporting, Negotiations of Credit Lines and Project Loans; Worked under the supervision of the World Bank to Identify different Resources needed by PSEDF targeted projects; Arranged funds from new sources i.e. Export Credits and Bilateral & Multilateral Funding Agencies; dealt with Export Credit Agencies; Negotiated with clients as Fund Administrator; Prepared reports for the World Bank and other Multilateral and Bilateral Institutions. Used for the First time Computer Based Financial Projections Modelling, a capability developed inhouse under my supervision, especially for IPP's Tariff Calculations. Probably we were the only institution, at the time, in Pakistan with this capability.
  • Worked on assignments with the World Bank as a Consultant-Financial Specialist in Sri Lanka and Bangladesh.

OTHERS:

  • Panelist - IPP - in Private Sector at Third Annual World Economic Development Congress held at Madrid, Spain. (September 1994)
  • Speaker/Panelist - Energy Sector at Symposium 95: Multi - Topic International Symposium organized by the Institution of Electrical & Electronics Engineers Pakistan. (January 1995)
  • Co-Chairman Power Workshop at UK-Pakistan Trade and Investment Seminar: March 1996. Organized by United Kingdom Department of Trade & Industry. (March 1996)
  • Speaker and Participant at Bangladesh Project Finance Workshop. Organized by The World Bank and The Board of Investment (Bangladesh). (September 1996)