• Responsible for the evaluation of the financial health and models of the new license applicants to assess their capabilities and proposed levelized tariffs for IWPPs, ISTPs and DC providers.
• Establish or approve appropriate financial frameworks and methodologies for use by the new license applicants.
• Evaluate new license applicants\xe2\x80\x99 financial models/forms for Independent Power and Water Producers (IWPPs), Independent Wastewater Treatment Plants (ISTPs), and District Cooling Service Providers to ensure that tariffs are consistent with regulations and bid documents.
• From a financial and economic perspective, a review of the feasibility studies for the cooling options proposed by real estate developers.
• Set the criteria and conditions to enhance the competitiveness of any competitive bidding for DC services and IWPPs and evaluate tenders to ensure competitiveness in DC and IWPP markets.
• Assess the financial health of new license applicants by providing financial analysis and recommendations to internal licensing and compliance team to be used as part of the comprehensive evaluation process to approve the issue of the license to the applicant and seek required information, reports and guarantees.
• Establish or approve suitable regulatory guidelines for the new license applicants in relation to the financial information and models.
• Review and approve the periodic financial reports submitted by the licensed companies operating in the sector identifying errors / discrepancies, if any and recommending any improvements.
• Prepare and submit to management annual financial performance review reports for price-controlled companies, independent power, and water producers (IWPPs), and independent wastewater treatment plants (ISTPs).
• Establish or approve suitable regulatory guidelines for the licensed companies in relation to audited financial statements.
• Manage preparation of reports for company\xe2\x80\x99s leadership providing overview of the financial performance, financial risks and investment proposals of the licensed entities in the energy sector.
• Provide the necessary support for the implementation of any other financial and investment activities requested by the company in accordance with the Director of the Financial Department of the sector\xe2\x80\x99s instructions.

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