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Privatisation of Nandipur Power, NPPMCL at advanced stage
Business
May 7, 2021
ISLAMABAD: Privatization process of 425 megawatts Nandipur Power Plant and National Power Parks Management Company (NPPMCL) has reached an advance stage, a minister said on Thursday.
Minister for Privatisation Mohammedmian Soomro told an inter-ministerial meeting the privatisation of Nandipur Power Plant and NPPMCL is at advance stage.
“We are taking all necessary steps for facilitating the national and international investors for successful privatisation of NPPMCL, Nandipur, Guddu and other energy sector entities,” Soomro said.
The meeting discussed issues regarding privatisation of energy sector entities. Divestment of shares of Pakistan Petroleum Limited and Mari Petroleum Company Limited were also discussed. All technical, legal and other issues relating to the energy sector entities will be resolved with the corporation of all stakeholders expeditiously. All participants /parties also agre
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By our correspondent
ISLAMABAD: The government is expected to complete the privatisation of Heavy Electrical Complex (HEC) by the mid of the current year as it has already shortlisted investors for issuance of request for statement of qualification, officials said on Thursday.
The officials told a weekly meeting on privatisation transactions that 12 expressions of interest had been shortlisted for HEC. The meeting was chaired by Minister for Privatisation Mohammedmian Soomro.
In November last, Cabinet Committee on Privatisation approved the transaction structure for the divestment of 96.6 per cent shares of HEC. This was the seventh transaction approved since the start of the privatisation plans adopted in October 2018.
Heavy Electrical Complex expected to be privatised by June
Business
February 19, 2021
ISLAMABAD: The government is expected to complete the privatisation of Heavy Electrical Complex (HEC) by the mid of the current year as it has already shortlisted investors for issuance of request for statement of qualification, officials said on Thursday.
The officials told a weekly meeting on privatisation transactions that 12 expressions of interest had been shortlisted for HEC. The meeting was chaired by Minister for Privatisation Mohammedmian Soomro.
In November last, Cabinet Committee on Privatisation approved the transaction structure for the divestment of 96.6 per cent shares of HEC. This was the seventh transaction approved since the start of the privatisation plans adopted in October 2018.