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ECC may okay SSGC, K-Electric deal
Arbitration agreement will pave way for issuing NSC for sale of K-Electric shares
ISLAMABAD:
The Economic Coordination Committee (ECC) is likely to approve the signing of an arbitration agreement between Sui Southern Gas Company (SSGC) and K-Electric as well as some other entities like NTDC, a move that will pave the way for the issuance of a national security certificate (NSC) for acquisition of the power utility by a Chinese firm.
In 2016, KES Power (Pvt) Limited submitted an application for NSC to the Privatisation Commission for the transfer of 66.4% shares in K-Electric to Shanghai Electric Power (SEP).