Closure Process for “Quaid-e-Azam Solar Power (Pvt.

) Limited”

1. Project Performance Evaluation:

• Review the performance of the solar power project against predefined objectives, including
energy output, efficiency, and environmental impact.
• Assess adherence to scope, schedule, and budget constraints.
• Identify any deviations or variances and analyze their impact on project success.
2. Contractual Closure and Documentation:
• Ensure all contractual obligations and deliverables have been met satisfactorily.
• Coordinate with legal and procurement teams to finalize contracts and agreements.
• Gather and organize all project documentation, including contracts, permits, and regulatory
approvals.
• Financial Advisory Services Agreement (FASA) was signed between the Punjab
Privatization Board (PPB) and United Bank Limited (UBL) to privatize Quaid-e-Azam
Solar Power (QASP).
3. Financial Settlement and Budget Analysis:
• Complete financial transactions, including final payments to vendors, contractors, and
suppliers.
• Compare actual project expenditures with the budget to identify any discrepancies.
• Prepare financial reports detailing budget utilization and any remaining funds.
• Private Power and Infrastructure Board approved the privatization of 100-megawatt
portion of the solar power company in July 2017 and initiated the bidding process.
4. Resource Release and Decommissioning:
• Release project resources, including personnel, equipment, and facilities, in accordance
with project closure requirements.
• Decommission any temporary infrastructure or installations safely and responsibly.
• Conduct asset inventory checks and disposition procedures for surplus materials and
equipment.
5. Stakeholder Communication and Transition:
• Notify stakeholders, including clients, regulatory bodies, and local communities, about the
project's closure.
• Provide stakeholders with updates on project outcomes and benefits realized.
• Facilitate the transfer of ownership and control of Quaid-e-Azam Solar Power (Pvt.)
Limited from the government to the private entity or investors as per the privatization
agreement.
 • Facilitate a smooth transition to post-project operations, including training and support.
6. Lessons Learned and Knowledge Sharing:
• Conduct a lessons learned session to capture insights, best practices, and areas for
improvement.
• Document key lessons learned and recommendations for future projects.
• Share lessons learned across the organization to enhance project management practices.
7. Formal Project Closure and Reporting:
• Obtain formal approval for project closure from senior management or the board of
directors.
• Generate a comprehensive project closure report summarizing achievements, challenges,
and lessons learned.
• Archive project documentation and close out administrative tasks.