PM grants status of State Minister to Khalid Mansoor
Aftab Ahmed
Prime Minister Imran Khan has granted the status of a state minister to Khalid Mansoor Special Assistant on CPEC. The Cabinet division has issued a notification in this regard.
PTI government has appointed a key negotiator in IPPs deal-Khalid Mansoor to execute CPEC projects on a fast track basis.
After Asim Bajwa, Prime Minister has recently appointed Khalid Mansoor as an advisor on CPEC.
He has closely worked with Chinese authorities in executing coal projects in Pakistan.
New advisor to Prime Minister Imran Khan Khalid Mansoor has over four decades of experience working for the following pre-eminent organizations.
He has worked in Global: Exxon Chemical; Esso Chemical – Regional: Bahwan Group (Oman); Sonatrach (Algeria) – Pakistan: Hub Power Company; Engro Chemical; Fauji Fertilizers.
He successfully led and transformed multiple organizations in the energy, petrochemicals, and fertilizer industries.
Over three decades of experience in dealing with leading Chinese firms, including EPC contractors, JV partners, and financial institutions, resulting in the following key achievements.
Read More: Steel Mill revival: advisors from Engro prepare plan
Khalid Mansoor executed mega projects with Chinese firms. – Created the most successful, USD 2 billion, IPP in Hub-Balochistan, within the CPEC initiative, i.e. China Power Hub Generation Limited (CPHGC).
CPHGC is a JV between HUBCO and China Power International Holdings, a subsidiary of State Power Investment Corporation (SPIC) and one of the top 5 Electricity SOEs – Inducted China Machinery and Engineering Corporation (CMEC) as EPC contractor and equity partner in USD 1 billion projects of Thar Energy and ThalNova at Thar – Strong networking.
He has an understanding of project finance through interactions with Chinese financial institutions including China Development Bank, China Exim Bank, ICBC, Sinosure etc – Managed multiple Chinese companies as contractors in fertilizer, petrochemical, and mining sectors including China National Chemical Engineering Corporation (CNCEC), Tianchen Chemical Engineering Corporation (TCC), North West Electric Power Design Institute (NWEPDI), China Harbor Engineering Company (CHEC) etc.
He has strong expertise in project development, execution, and operations including some of the biggest private sector investments in Pakistan’s history such as Engro’s USD 1.1 billion Enven and HUBCO’s USD 3 billion CPEC projects of CPHGC, Thar Energy, and ThalNova.
Read More: Hubco CEO Khalid Mansoor resigns
He worked closely with various global multilateral and development financial institutions including World Bank, IFC, MIGA, OPIC, Sache, ADB, DEG, Proparco, Swed Fund, OFID etc.
He led the bankable feasibility study in the Public-Private Partnership (PPP) structure with the Government of Sindh for around USD 2.0 billion of Thar coal mining and mine mouth power projects including development and obtaining approval of fiscal incentive package from GoP.
Khalid Mansoor has also served as Director or Chairman on the Boards of HUBCO, Engro including their subsidiaries, Sindh Engro Coal Mining Company (SECMC) CPHGC, SNGPL, Unilever, NBP Funds, Jazz, Veon.
He further served as President of OICCI & Chairman of the Energy Sector of Pakistan Economic Forum at PBC.
Furthermore, he has provided services on a Pro-Bono basis to various ministries for Pakistan Steel Mill revival, the transformation of Planning Commission protocol for project development, monitoring, and evaluation, and chair of Energy Subcommittee at Planning Commission.
Read More: IPPAC blasts chairman audit committee for biases
He is a widely respected business leader in Pakistan’s corporate sector with strong networking with various regulatory agencies, federal and provincial governments, SOEs, and financial institutions.
Meanwhile, he played a key role in resolving the circular debt issue and negotiations between the Ministry of Energy and IPPs for the rationalization of the tariff structure.
As part of the effort also worked extensively with a foreign consultant, MoF, SBP, IMF, and local financial institutions to structure an innovative solution to address the circular debt stock.
