ATTACHMENT – I (See regulation 2) PUBLIC PROCUREMENT REGULATORY AUTHORITY (PPRA) CONTRACT AWARD PROFORMA – I To Be Filled And Uploaded on PPRA Website In Respect of All Public Contracts of Works, Services and Goods Worth Fifty Million or More NAME OF THE ORGANIZATION Privatisation Commission__ FEDERAL / PROVINCIAL GOVT. Federal Government_________ TITLE OF CONTRACT Financial Advisory Services Agreement___ TENDER NUMBER TS398727E ______ BRIEF DESCRIPTION OF CONTRACT Divestment of Government of Pakistan shareholding in 425-525 MW CCPP Nandipur of NPGCL TENDER VALUE Approx. PKR 360 Million ___ ENGINEER’S ESTIMATE N/A_________________________ (for civil Works only) ESTIMATED COMPLETION PERIOD February, 2021 WHETHER THE PROCUREMENT WAS INCLUDED IN ANNUAL PROCUREMENT PLAN? _________ N/A _____________Yes / No ADVERTISEMENT : (i) PPRA Website____30-08-2019____ TS398727E _____Yes / No (Federal Agencies) (If yes give date and PPRA’s tender number) (ii) News Papers_Yes (List of Newspapers / Press at Annex – I) Yes / No (If yes give names of newspapers and dates) TENDER OPENED ON (DATE & TIME) _December 09, 2019 at 02:30 p.m._ NATURE OF PURCHASE_Both Local and/ International_ Local / International EXTENSION IN DUE DATE (If any)_____ No ____Yes / No -: 2 :- NUMBER OF TENDER DOCUMENTS SOLD 2 (Annex – II) (Attach list of Buyers) WHETHER QUALIFICATION CRITERIA WAS INCLUDED IN BIDDING/TENDER DOCUMENTS _Yes__Yes / No (Annex – III) (If yes enclose a copy). WHETHER BID EVALUATION CRITERIA WAS INCLUDED IN BIDDING/TENDER DOCUMENTS_ Yes __Yes / No (Annex – III) (If yes enclose a copy). WHICH METHOD OF PROCUREMENT WAS USED: - (Tick one) a) SINGLE STAGE – ONE ENVELOPE PROCEDURE ________ b) SINGLE STAGE - TWO ENVELOPE PROCEDURE. ________ c) TWO STAGE BIDDING PROCEDURE. ___________________ d) TWO STAGE – TWO ENVELOPE BIDDING PROCEDURE.___ - PLEASE SPECIFY IF ANY OTHER METHOD OF PROCUREMENT WAS ADOPTED WITH BRIEF REASONS (i.e EMERGENCY, DIRECT CONTRACTING, NEGOTIATED TENDERING ETC.) - WHO IS THE APPROVING AUTHORITY__ Chairman, Privatisation Commission WHETHER APPROVAL OF COMPETENT AUTHORITY WAS OBTAINED FOR USING A METHOD OTHER THAN OPEN COMPETITIVE BIDDING. N/A NUMBER OF BIDS RECEIVED__________2___________ WHETHER THE SUCCESSFUL BIDDER WAS LOWEST BIDDER_ No Yes / No WHETHER INTEGRITY PACT WAS SIGNED __ Yes__ Yes / No ATTACHMENT – II (See regulation 2) PUBLIC PROCUREMENT REGULATORY AUTHORITY (PPRA) CONTRACT AWARD PROFORMA – II To Be Filled And Uploaded on PPRA Website In Respect of All Public Contracts of Works, Services & Goods Worth Fifty Million Rupees or More NUMBER OF BIDDERS PRESENT AT THE TIME OF OPENING OF BIDS __1_ NAME AND ADDRESS OF THE SUCCESSFUL BIDDER Consortium of M/s United Bank Limited (UBL) and M/s Address United Bank Limited, 13th Floor, UBL building, Jinnah Avenue, Blue Area, Islamabad; EY Ford Rhodes 601-603, Progressive Plaza, Beaumont Road, Karachi; -: 2 :- RANKING OF SUCCESSFUL BIDDER IN EVALUATION REPORT st nd rd (i.e. 1 , 2 , 3 EVALUATED BID). Consortium / Interested Party (IP) Ranking Consortium of United Bank Limited (UBL), EY Ford Rhodes (EY), HaiderMota Advocates & Co. (HaiderMota) and NESPAK 1 NEED ANALYSIS (Why the procurement was necessary?) Federal Government Policy IN CASE EXTENSION WAS MADE IN RESPONSE TIME, WHAT WERE THE REASONS (Briefly describe) N/A WHETHER NAMES OF THE BIDDERS AND THEIR PRICES WERE READ OUT AT THE TIME OF OPENING OF BIDS____ Yes___Yes / No DATE OF CONTRACT SIGNING _________19-02-2020_(Annex – IV)______ (Attach a copy of agreement) CONTRACT AWARD PRICE___________ Approx. PKR 360 Million _______ WHETHER COPY OF EVALUATION REPORT GIVEN TO ALL BIDDERS__ YES Yes / No Evaluation Report uploaded on PPRA’s website (17-01-2020) (EV27157) (Attach copy of the bid evaluation report) (Annex – V) ANY COMPLAINTS RECEIVED_____ No.___Yes / No (If yes result thereof) ANY DEVIATION FROM SPECIFICATIONS GIVEN IN THE TENDER NOTICE/DOCUMENTS_____ No___Yes / No (If yes give details) DEVIATION FROM QUALIFICATION CRITERIA____ No___Yes / No (If yes give details) SPECIAL CONDITIONS, IF Any ___N/A______ [F.No.2/1/2008PPRA-RA.III] Annex – I Names of Newspapers and dates where EOI Advertised Sr. No. Name of Local Press EOI Advertised Date 1. Daily Express Tribune August 28, 2019 2. Daily Dawn August 28, 2019 3. Daily Jang August 28, 2019 4. Daily Express August 28, 2019 Sr. No. Name of International Press EOI Advertised Date 5. Financial Times (World Edition) August 30, 2019 Annex – II List of Parties PC forwarded the Request for Proposal (RFP) Package with the request to submit the Technical & Financial Proposals for Financial Advisory Services for Privatisation of NPPMCL (1) Consortium of United Bank Limited (UBL), EY Ford Rhodes (EY) (2) Consortium of (i) Fieldstone Group, (ii) Bank of Punjab, (iii) Grant Thronton Anjum Rahman & (iv) Capital Resource. Annex – III 0285582 Annex - IV ill Ill I I llll\l iJ II IIII Ill II I llllllll I I llll ll lllll KARIM ANWER ALI STM!P '/E�0OR L.No S5 P!c: e AK-12-� 12-E. Lld•�ual Colony/ Sha-h W.:k::• •h �o.:d S 1-4. ✓.-2.J \ Karacn S .. , 1 h Oat� ............ lssu•. to••••· ��irt�:: .......(:_ .�.:.:r�·•··_\ � \,,,,:xJes Thro� ,11 :. •lC ..� d,'1e�s: ......'.I;:; .. .........� •. � Pur;,::..· t ........................ , ... .. ............ Value il;:. .............. A:!,'·,' :�• . ........ Stamp V<?•1oori '>I;):',...... .. .. .. ....... 1NOt ust-,o .. ,k:!' :,n i. l, ..i.- ,-.�;: '(re.SF.) YtndQ1 No:-R�s;N.. ,.,..,,� ;1.,; i-,1!-.e ents FINANCIAL ADVISORY SERVICES AGREEME�T This Agreement Financial Advisory Services Agreement hereinafter called the Agreement is made on the 19 day of the month of February, 2020: Between The Privatis:ition Commission, Government of Pakistan, having its of�ice at Kohsar Block, Pak Secretariat Constitution Avenue, Islamabad (herei:1after called he "Client" and for c.voidance of doubt does not include any other agency or entity of the Government of Pakistan) on the one hand; and United Eank Limited, a banking company incorporated unc:.er the laws cf Pakistan having its registered office at 13th Floor, UBL building, J:nnah Aven-Je, Blue Area, Islamabaj; EY Ford Rhodes having its registered office and principal place of busines!!: at 601- 603, Pro5re!!:sivePlaza, Beaumont Road, Karachi, and for avo:dance of doubt does not include any other member of the global network of EY firms, each of ·Nhich is a separate .eg::ilentity; (hereinafter collectively called the "Financial Advisor") on :heo [The Client and the Financial Advisor are individually re and collectively as Parties] {J_,' £. � r:3Z- �maba1J) (_0 2 • 4 - .-- -- . - - •I_-_'_•-_• • '1 .- R 4 9 1 21 ' I il 11I1II II • .r','' - UMAIR STAMP VENDOR Lcer.ce # 10, Shop No. 29, Ruby Center 1, Boultan Market, Karachi. jJ *. N .. •....... DATE................................ VYariKha1nefl 9Ub O Wt' ADDtU Th*U$ WITH AO*UI UOLuuaawuwuni"i IS IIflS flIISfl. IIlflfIlISSIllIStfl USSr................. Awl r :W; ; i , AWWNMA W I 4 Kiwiii WHEREAS ?he Client has published the "Expression of Interest" to engage tl:e servi:es of the Financial Advisor with the sub-contractors to provide certain services as defined in Appendix 'A' of this Agreement (Lereinafter called the "Services"); In response to the Expression of Interest, the Client issued the 'Request for Proposal "to the shortlisted interested parties and the Interested Parties (IPs) submitted their technical and financial prcposals on the basis of which the Client selected the Financial Advisor; The Parties represent that this Agreement constitutes binding legal obligations nd the persons signing this agreement are competent and legally authorized to bind the Parties; and The Fnancial Advisor represents to the Client that it, along with its sub- contractors, has the required professional skills, personnel, expertise and techni:al resources to provide the Services to perform this Agreement. NOW THEREFORE, the Parties agree as follows: 1. The forlowing documents attached to this Agreement shall form an integral part of this Agreement: The General Conditions of this Agreement; The Special Conditions of the Agreemen:; - 01 Appendices: -.: Appendix A: Terms of Reference or Services; Appendix B: Implementation Schedule; Appendix C: Integrity Pact. 1 3 The General Conditions of the Agreement shall not be changed and any change required in the General Conditions shall be effected through Special Condition of the Agreement. The mutual rights and obligations of the Client and the Financial Advisor shall be as set forth in the Agreement, in particular: the Financial Advisor shall carry out the Services in accordance with the provisions of the Agreement; and the Client shall make payments to the Financial Advisor and sub- contractors in accordance with the provisions of the Agreement. IN WITNESS WHEREOF, the Parties have caused this Agreement to be signed in their respective names as of the day and year first above written. For and on behalf of Privatisation Commission Director Genera' Power ç'n' \s\ Privatisation Commission of Pakistan For and on behalf of United Bank Limited EYFord Rhodes N (P W/ Saeediqbal, Zeeshah Hussain Group Head - Investment Banking Partner & Country Service Line Leader c; Transaction Advisory Services SAMAD NAEEM SVP/Senior Manager, Advisory Unitri nk Limite Witnesses: Sqp çf - -R-\ 171Ic'/—i9c1'75-3 (I. 4 I. GENERAL CONDITIONS OF THE AGREEMENT A. GENERAL PROVISIONS 1. Definitions: The terms used in this Agreement shall have the following meanings: "Agreement" means the Financial Advisory Services Agreement signed