Accounting and Banking services

• Day to day accounting of revenue and expenses.
• Handling payments to vendors / banks with appropriate internal approvals.
• Preparing bank reconciliation statements.
• Invoicing to GSE for revenue.
• Preparation of stand-alone management accounts i.e. monthly P&L and Balance Sheet as per Italian GAAP (without any consolidation) for operating period.
• Supporting auditor, chartered accountant or tax advisor for any data analysis.
• Invoice matching, ENEL and other suppliers.

Ordinary Corporate Services (in collaboration with chartered accountants)

• Safe filing of documents and contracts (in hard and soft copy).
• Proper filing of minutes and resolutions to be kept in records.
• Filing of all regulatory and compliance documents, returns and correspondence (Chamber of Commerce, Agenzia Entrate, Dogane, etc).
• Management of relations with the Board of Directors.
• Analysis and reporting of DSCR, Debt Equity ratios and key profitability ratios.
• Analysis of monthly revenue and expenses and preparing profitability summary.
• Assistance in preparation of yearly budget of expenses and revenue at the start of the year.
• Comparison of actual and budget and variance analysis thereon on quarterly basis.
• Providing financial projections at the end of year for complete 20 years life.
• Providing monthly management report (in ENG) to the Board of Directors.
• Management of the reporting activity towards the financing institutions, wherever required.
• Analyzing and providing inputs on commercial contracts as may be desired by the Management.
• Assistance in commercial negotiations.
• Assistance in the negotiations of energy sales to third parties (other than GSE).

Analysis and Support in O&M

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• Analysis of monthly production data and revenue on MS Excel based on O&M report provided.
• Comparison of the plant data with similar plants (if data is available) at regular intervals.
• Keeping surprise visit on plants.
• Analyzing O&M report provided by the contractor and highlighting important points.
• Supervising activities of O&M Contractor.
• Assistance in managing warranty issues with OEMs.
• Review current services and advise on potential for improvement or termination and replacement of service provider; where termination is sought we would advise on best route and prepare a termination pack, including:
  • i. Support for termination where appropriate;
  • ii. Advise in the definition of the most appropriate scope of work for the O&M contract;
  • iii. Support in the negotiation of the new or existing O&M contract;
  • iv. Discussion with the financing institution for the approval of the replacement of the O&M contractor (if required by the financing contract).

  Relationship Management

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• Coordinating with GSE, if required.
• Coordinating with ENEL, if required.
• Management of the relationship with the financing institution.

Other

• Data room preparation, population and management for documents pertaining to operational period.