AHAMED AZGAR SHAIK ACMA
2, JLT, Dubai +971503831645 ahamedazgars@gmail.com www.linkedin.com/in/azgar-ahamed
Professional Summary
CMA (Merit Certificate Receiver) - Results driven, strategy focused and internationally experienced finance professional with 14.5 years in Project Finance, Financial Modelling (Tariff Optimization for PPP models/VBAs/Macros) & Valuation, Tendering/RFQ/RFP/Proposals, Private Equity, Mergers & Acquisitions (Corporate Finance), Hedging, especially in Energy (Conventional – Coal & Gas, Renewable – Solar, Wind and Waste Heat to Energy), Water Desalination and Infrastructure Sectors
Skills
• Debt & Equity Syndication (Project Finance)
• Strong Financial Modelling & Valuation skills
• DCF, IRR, NPV, Multiples, Tariff, VBA & Macros • Waste Management & Infrastructure
• Legal Documentation & Vetting
• Financial Due Diligence & Contracts Negotiations
• Mergers & Acquisitions • Management Consulting
• Energy (Thermal, Solar, Wind) & Water Projects • Excellent Interpersonal and Presentation Skills
Work History
Senior Manager Project Finance -Energy & Water 06/2016 to Current
GU Advisory DMCC – Dubai, United Arab Emirates
Highlights:
• Project Finance and Financial Modelling for Energy and Water Projects from scratch level
• Team player in Project Financing for IWPP (22 MIGD Water and 40 MW Energy) in UAE (USD 150 Mn)
• Team player in Project Financing for Brownfield IWP (from 15 MIGD to 24.5 MIGD Water in UAE (USD 25 Mn)
• Team player in Project Financing for 6 MW Waste to Energy generation (USD 20 Mn)
• Team player in Equity Sell off in IWPP (24.5 MIGD Water & 10 MW Power) in UAE for USD 30 Mn to Bahrain based PE Fund
• Team player in Equity Sell off in the Group Holding Company in UAE for USD 120 Mn to Oman Sovereign Fund
• Waste Management – Successfully executed the agreements for the implementation of Land Fill gas to Energy generation (4 MW), Green house and Solar Energy (10 MW) with Waste Management Agent, Govt of RAK.
• RFP/Tender submission in Singapore for Hyflux Energy Acquisition (400 MW Energy and 70 MIGD Water), Jurong (30 MIGD Water) and Marina East (36 MIGD Water) Projects
• RFP/Tender submission in UAE for DEWA (40 MIGD), Taweelah (200 MIGD) & STP Biogas (6 MW) Projects
• RFP/Tender submission in Oman for Barkha V (58 MIGD), Khasab (3.5 MIGD) and Sohar (2.42 MIGD)
• RFP/Tender submission in Ghana for Accra (13 MIGD Water) Project
• Other RFPs: Financial Model and Final Tender Submissions for Yanbu 4 IWP (100 MIGD) & Jubail 3A IWP (132 MIGD) in Saudi and Hassyan (120 MIGD) in UAE are in process
• PQ Submission in UAE for DEWA (900 MW) under Phase V for MBR Solar Park and REPDO (1.5 GW) in Saudi
Brief Profile:
• Overall accountability for building Financial Models for development projects, optimizing tariffs, managing lender relationships and the administration of project finance documents
• Research, Analyse and optimize Project Financing structures
• Project finance expert for all development activities
• Play an integral role in the businesses development strategy
• Information Memorandum and Presentations to Management
• Lead project development activities from inception to the end with technical and legal support
• Experience in negotiating key commercial terms on contracts including PPA, EPC, and O&M documents
• Strong Negotiating skills in Share Purchase Agreements and Joint Venture Agreements
• High quality/complex Tenders/RFQs with technical team/ Consortium members
• Risk assessment, valuation, financing plan structuring, negotiation and closing activities for M&A transactions in coordination with Management
• Commercial activities from negotiation to deal closing with project developers including project acquisition agreements or co-development opportunities
• Presence and interpersonal credibility to represent the company with key financial stakeholders, banks, financial institutions, government agencies / departments and partners
• Strong experience with Energy (Conventional – Thermal and Gas & Renewable – Solar, Wind, Biomass, Landfill gas), Water and Infrastructure Projects (IPP / IWP/ IWPP sectors in the Middle East region and India)
Value Specialist Finance 02/2016 to 05/2016
Saudi Electricity Company – Riyadh, Saudi Arabia
Highlights:
• Evaluation of Financial Models and Financial Bids for 1500 MW Fadhili Project in Saudi Arabia
• Team player in finalising the Tender documents for Solar Projects in Saudi Arabia
Brief Profile:
• Tender Documents, Bid Evaluation, Negotiations with Bidders
• Verification of data integrity and accuracy
• Financial Modelling for Various Power Projects (Rabigh I, Shuqaiq, Jazan and Qurayyat)
Senior Manager Project Finance 02/2011 to 01/2016
NSL Nagapatnam Power and Infratech Limited – Hyderabad, India
Highlights:
• Financial Due Diligence for acquisition of 1320 MW Thermal Power Project and 20 MW Solar Power Project
• Team player in Financial Closure for 1320 MW Power Project in Odisha, India (USD 800 Mn)
• Financial Closure for 20 MW Solar PV Power Project in Shivlakha, Kutch district, Gujarat, India (USD 20 Mn)
• Financial Closure for 10 MW Solar PV Power Project in Kutiyana, Porbandar, Gujarat, India (USD 10 Mn)
• Team player in successfully divesting equity in Power Projects to Foreign Investors
• RFP/Tender submission to various state utilities as per the CERC guidelines
Brief Profile:
• Financial Modelling and analysing financing options for Debt and Equity Financing
• Financial analysis viz. ROI, DCF, IRR, Enterprise Value
• Tender Management and evaluation
• Presentations to the Management on the financing strategy and options for completion of the financing
• Track all covenants and agreements with Banks in order to ensure compliance
• Ensure timely renewal of all facilities with Banks in order to ensure continuity of the facilities
Deputy Manager – Finance 07/2007 to 02/2011
Lanco Infratech Limited – Gurugram, India
Highlights:
• Team Member in Financial Closure for 1320 MW Thermal Power Project in Maharashtra, India (USD 800 Mn)
• Financial Closure for 15 MW Solar PV Plant in Chadiyana, Patan Dist, Gujarat, India (USD 15 Mn)
• Team Player in implementing SAP with IBM
Brief Profile:
• Project Financing and Investor Relationships
• Financial Debt vs Equity ratios and compliance with Lenders covenants
• Undertake detailed financial modelling on the group‘s investment and valuation requirement
• Liaise with senior business functions and present analysis
• Administering Corporate Loan Agreements
• Evaluate Projects based on equity and project IRR hurdle rates.
• Provide financial and commercial input to selected investments and projects
Audit Executive 04/2005 to 06/2007
Satyam & Veerabhadra – Hyderabad, India
Highlights:
• Corporate and Tax Audit for various clients including Drafting Audit Program
• Tax planning and drafting grounds for Income Tax Appeals
Education
CMA: Finance – Merit Certificate receiver
The Institute of Cost Accountants of India – India 2006
Bachelor of Commerce (B.Com): Commerce
Acharya Nagarjuna University – India 2004
Certifications
Business Valuation and Corporate Restructuring 2013
Member of the Institute of Cost Accountants of India
Languages
English, Hindi & Telugu (Read, Write and speak fluently)