The First Counsel

Practice Area

Projects, Energy & Infrastructure

We act for sponsors, lenders, contractors, and offtakers on power, infrastructure, and natural-resources projects across Pakistan. A concession runs for decades, and we draft it for the disputes those decades will bring.

Project documents in Pakistan live inside a regulatory frame. The tariff NEPRA determines, the guarantee the federal government issues, and the currency the State Bank will allow to leave the country together decide what the contracts are worth. We negotiate the private documents and the public frame as one exercise, because a well-drafted power purchase agreement priced against an unavailable tariff is a dispute with a signing ceremony.

Long contracts fail at their interfaces: between the EPC programme and the required commercial operations date, between the fuel supplier's force majeure and the offtaker's, between the lenders' step-in rights and the concession's termination clause. We read the suite as a single document and close the gaps before financial close, because after it they belong to the arbitrators.

Everything on this page is framed as of mid-2026. Power policy, tariff regimes, and the arbitration statute itself are in motion; we state the position at the date of advice and say plainly what remains unsettled.

How We Serve

We negotiate the core project suite: implementation agreements, power purchase agreements with CPPA-G or the distribution companies, fuel supply, EPC, and O&M contracts. Risk allocation is checked clause by clause against the tariff, so that what the regulator allows and what the contract promises are the same number.

We appear before NEPRA on generation licences, tariff petitions, and reviews under the Regulation of Generation, Transmission and Distribution of Electric Power Act 1997, and before OGRA under its 2002 Ordinance. Where a determination is wrong, we pursue review and then appeal as the statute provides.

We act for lenders and sponsors on limited-recourse financings: security over project assets and accounts, direct agreements, sponsor support, and the State Bank of Pakistan approvals that foreign-currency debt and its repatriation require. Charge registration under the Companies Act 2017 and provincial stamping are treated as closing items, not afterthoughts.

We advise on bids and concessions under the Public Private Partnership Authority Act 2017, the provincial PPP laws, and the Public Procurement Rules 2004, including grievance and bid-challenge procedures. Objection windows in procurement are short, so we treat every bid as a potential dispute file from day one.

We prosecute and defend delay, disruption, and termination claims under FIDIC-based and bespoke contracts, through dispute boards, arbitration, and the courts. As of mid-2026 domestic arbitrations proceed under the Arbitration Act 1940, and foreign awards are enforced under the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act 2011.

Pakistani power contracts get renegotiated; tariff pressure, currency movement, and circular debt see to that. We advise sponsors and lenders in renegotiations with government counterparties, and on the sovereign guarantees and arbitration clauses that set the bargaining table.

Representative Matters

  • 20—Acted for a syndicate of banks on the restructuring of PKR —bn facilities extended to an energy-sector borrower.Banking & Finance
  • 20—Counsel to the sponsors of a — MW power project on concession, EPC, and financing documentation.Projects & Energy
All Representative Matters

Illustrative of the practice; matters anonymized consistent with confidentiality obligations.

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