Sustainable Energy and Economic Development (SEED) – A UKAID program

As part of the Energy Component of the SEED program, implemented in association with Adam Smith International, Bridge Factor advised the Government of Khyber Pakhtunkhwa (GoKP) on the development of the 496 MW Lower Spat Gah Hydropower Project. Our mandate included supporting the finalization of the Memorandum of Understanding (MoU) and Term Sheet with Korea Hydro & Nuclear Power Company (KHNP) for project development under a Public-Private Partnership (PPP) framework.

As part of the Energy Component of the SEED program

Sustainable Energy and Economic Development (SEED) – Infrastructure – PDA

Mandated for transaction advisory services for the development of high end mixed used project in Peshawar under PPP mode. Services include financial modeling, transaction structuring and procurement process. Transaction value is USD 140 million.

Mandated for transaction advisory services

USAID – Power Sector Improvement Activity (PSIA)

Part of the team implementing USAID’s US$ 23.5 million Power Sector Improvement Activity. Developed a detailed, integrated financial model for Pakistan’s power and gas sectors, featuring dedicated modules for demand-supply projections and tariff analysis. Co-authored a strategic report recommending the transition of industrial captive gas-based generation to grid electricity to improve the financial sustainability of the national power system.

Part of the team implementing USAID’s US$ 23.5 million Power

Engro Group – 400 MW Hybrid Renewable Energy Park

Advised on the operating model and transaction structure for Engro’s 400 MW hybrid renewable energy park, designed for B2B offtake by industrial consumers. The engagement focused on optimizing commercial viability and aligning the structure with market and regulatory frameworks.

Advised on the operating model and transaction structure

Karot Hydropower Company Limited

Advised on the 720 MW Karot Hydropower Project, a flagship CPEC initiative owned by China Three Gorges Corporation. Supported the tariff true-up process at Commercial Operations Date (COD), including preparation and submission of the COD-stage tariff petition, regulatory engagement with NEPRA to secure final tariff determination, and coordination with lenders on PPA and regulatory matters.

Advised on the 720 MW Karot Hydropower Project, a flagship

Trans Atlantic Energy – 50 MW Wind Farm

Advised on the development of a 50 MW Wind Power Project, including support with International Competitive Bidding (ICB) for EPC contractor selection, securing indicative financing terms from lenders, and developing a detailed tariff financial model to support regulatory and commercial structuring.

Advised on the development of a 50 MW Wind Power Project

Western Wind – 50 MW Wind Farm

Advised on the development of a 50 MW Wind Power Project, including support with International Competitive Bidding (ICB) for EPC contractor selection, securing indicative financing terms from lenders, and developing a detailed tariff financial model to support regulatory and commercial structuring.

Advised on the development of a 50 MW Wind Power Project,

Asscoiated Techologies Limited (ATL) – Telecom Towers 2

Advised on debt financing arrangement for 600 ATL Telecom Towers under a BTS framework, securing financing from a syndicate of local financial institutions through a corporate finance structure with limited recourse to the sponsors. Services included preparing the financial model and Information Memorandum, pitching to banks, negotiating term sheets, and managing the process through to financial close.

Advised on debt financing arrangement for 600 ATL Telecom Towers

Daraban SEZ

Bridge Factor developed the financial model and commercial feasibility study for the Food Processing Zone at Daraban SEZ in Khyber Pakhtunkhwa, along with structuring the transaction for implementation under the Public-Private Partnership (PPP) mode. A comprehensive investment pitch deck was also prepared in collaboration with the FCDO-funded SEED Program to support investor outreach.

Bridge Factor developed the financial model

Sustainable Energy and Economic Development (SEED) – IT

Bridge Factor developed the financial model, commercial feasibility, and transaction structuring for KPITB’s industrial IT project, specifically the Haripur Digital City. This assignment was undertaken in collaboration with the FCDO funded SEED Program.

Bridge Factor developed the financial model, commercial

Deg Outfall – 4.04 MW Hydropower Project

Provided strategic advisory support to Punjab Power Development Company Limited (PPDCL), owner of the Deg Outfall 4.04 MW hydropower project, in the preparation, presentation, and follow-up of a tariff modification petition. Key elements of the petition included incorporation of pre-COD energy sales, revision of the return on equity, and transition from a take-or-pay to a take-and-pay tariff mechanism.

Provided strategic advisory support to Punjab Power

Chainwali – 5.38 MW Hydropower Project

Provided strategic advisory support to Punjab Power Development Company Limited (PPDCL), owner of the Chainwali 5.38 MW hydropower project, in the preparation, presentation, and follow-up of a tariff modification petition. Key elements of the petition included incorporation of pre-COD energy sales, revision of the return on equity, and transition from a take-or-pay to a take-and-pay tariff mechanism.

Provided strategic advisory support to Punjab Power Development

Sustainable Energy and Economic Development (SEED) – Energy

Collaborated with Adam Smith International to support the Government of Khyber Pakhtunkhwa in securing a US$ 200 million MoU with Enertech (Kuwait) for the development of Pakistan’s first green hydrogen production facility.

Collaborated with Adam Smith International to support the Government

Sustainable Energy and Economic Development (SEED) – IT

Preliminary commercial / financial analysis, project concept and transaction structure for KPITB’s industrial IT project i.e. Abbottabad IT Park and Mini-Tech Estate. Project to be developed under PPP mode. Assignment undertaken in association with the FCDO funded SEED Program.

Preliminary commercial / financial analysis, project

Fauji Fertilizer Company Ltd – 49.5 MW Wind Farm

Advised on the development and financing of a 49.5 MW wind farm project—Pakistan’s first—achieving financial close in 2011 with long-term debt of PKR 11 billion. The project is now fully operational.

Advised on the development and financing of a 49.5 MW

Asscoiated Techologies Limited (ATL) – Telecom Towers Solarization

Advised on debt financing arrangement for solarization of ATL Telecom Towers under a BTS framework. Services included preparing the financial model and Information Memorandum, pitching to banks, negotiating term sheets, and managing the process through to financial close.

Advised on debt financing arrangement for solarization of ATL

Asscoiated Techologies Limited (ATL) – Telecom Towers 1

Advised on debt financing arrangement for 284 ATL Telecom Towers under a BTS framework, securing financing from a syndicate of local financial institutions through a corporate finance structure with limited recourse to the sponsors. Services included preparing the financial model and Information Memorandum, pitching to banks, negotiating term sheets, and managing the process through to financial close.

Advised on debt financing arrangement for 284 ATL Telecom Towers

Sustainable Energy and Economic Development (SEED) – Housing

Provided advisory services to KP Govt. under SEED program in partnership with Adam Smith International for undertaking scoping study in housing sector of KP. Under the scoping study, Bridge Factor shortlisted 3 projects to be developed with private funding.

Provided advisory services to KP Govt. under SEED program

Mari Petroleum Company Limited

Bridge Factor provided advisory services to Mari Petroleum for the acquisition of an equity stake in Universal Gas Development Company (UGDC).

Bridge Factor provided advisory services to Mari Petroleum

One Constitution Avenue

Bridge Factor provided advisory services to BNP (Private) Limited for the arrangement of debt financing for the construction of the Mall at One Constitution Avenue. The transaction included the review of a bankable financial model and the preparation of an Information Memorandum (IM).

Bridge Factor provided advisory services to BNP

Thar Coal Water Works (TCWW)

Bridge Factor provided financial advisory services to the Irrigation Department, Government of Sindh, for the Thar Coal Water Works (TCWW) project. The transaction, structured under a Public-Private Partnership (PPP) and Government-to-Government (G2G) mode, followed a Design-Build-Finance-Operate-Maintain-Transfer (DBFOMT) model and was successfully concluded with Enertech, a subsidiary of the Kuwait Investment Authority (KIA).

Bridge Factor provided financial advisory services to the Irrigation

Techno Engineering Services – Sialkot Kharian Motorway

Bridge Factor advised Techno Engineering Services (Private) Limited on their bid for the Sialkot–Kharian Motorway project under the Public-Private Partnership (PPP) framework. The engagement included bid strategy support and representation before the National Highway Authority's (NHA) Grievance Redressal Committee. Despite a comprehensive effort, the bid was ultimately unsuccessful.

Bridge Factor advised Techno Engineering Services (Private)

ACT 2 Wind

Bridge Factor acted as sell-side advisor for the divestment of a 30% equity stake in the 50 MW wind power project. Scope included valuation, negotiation support, and transaction execution. Successfully closed the deal by bringing in DIN Group as strategic investor alongside ACT 2 sponsors.

Bridge Factor acted as sell-side advisor for the divestment

Helios Power Private Limited – 50 MW Solar PV Project

Advised Scatec ASA (Norway) on its 50 MW solar PV project in Sukkur, Sindh. Scope included transaction structuring, tariff finalization, and negotiation of EPC and O&M contracts. Bridge Factor successfully arranged US$ 25 million in project financing, comprising US$ 12.5 million from FMO (Netherlands) and US$ 12.5 million from a local banking consortium.

Advised Scatec ASA (Norway) on its 50 MW solar

Meridian Energy Private Limited – 50 MW Solar PV Project

Advised Scatec ASA (Norway) on its 50 MW solar PV project in Sukkur, Sindh. Scope included transaction structuring, tariff finalization, and negotiation of EPC and O&M contracts. Bridge Factor successfully arranged US$ 25 million in project financing, comprising US$ 12.5 million from FMO (Netherlands) and US$ 12.5 million from a local banking consortium.

Advised Scatec ASA (Norway) on its 50 MW solar PV

Sustainable Energy and Economic Development (SEED) – Energy

Collaborated with Adam Smith International to develop a 10-year business plan for the Khyber Pakhtunkhwa power sector, including the design of funding strategies involving approximately US$ 130 million in debt financing for project implementation. Execution of the proposed funding strategy is currently in progress.

Collaborated with Adam Smith International to develop a 10-year business plan

Nizam Power

Acted as financial advisor to Nizam Power for its 9.2 MWp solar power project developed under a Power Purchase Agreement (PPA) with the Military Engineering Services (MES). Successfully arranged a renewable energy financing facility of PKR 1,050 million, enabling the execution of the project through a tailored financing structure aligned with sector-specific requirements and lender expectations.

Acted as financial advisor to Nizam Power for its 9.2 MWp

5th Pillar Holdings

Advised 5th Pillar Family Takaful Limited on a local equity raise and capital injection, facilitating its registration under Section 7(1) read with Section 10(2) of the Insurance Ordinance, 2000. The investment was led by 5th Pillar Holdings Limited, a DIFC-UAE registered company backed by a Kuwaiti investment group, and F&M Ventures, a Pakistani investment firm representing the Muhammadi family.

Advised 5th Pillar Family Takaful Limited on a local

Pehur – 18 MW Hydropower Project

Led the development of Pakistan’s first-ever wheeling model enabling direct electricity sales to bulk power consumers. Scope included preparation of bidding documents, drafting of Energy Purchase Agreements (EPAs), regulatory engagement with NEPRA, and finalization of all transaction documentation. The transaction was marketed to industrial offtakers, and a competitive bidding process—employing a strike price methodology—was successfully managed, resulting in five industrial consumers securing bilateral electricity supply from the 18 MW Pehur Hydropower Project.

Led the development of Pakistan’s first-ever wheeling model

Foundation Wind Energy – I and II

As part of the buy-side mandate, prepared a financial valuation model for FFC’s acquisition of equity stakes in Foundation Wind I and Foundation Wind II Energy Limited. Supported the client in securing approvals from the Investment Committee and Board of Directors, and assisted in final negotiations and successful transaction closing.

As part of the buy-side mandate, prepared a financial