NPPMCL talks about privatization of two power plants

8th meeting of Transaction Committee for Privatization and National Power Parks Management Company Limited (NPPMCL) held to talk about the advancement in relation to a range of matters in connection with proposed privatization of two power plants, Haveli Bahadarshah and Balloki.

NPPMCL talks about privatization of two power plantsMinistry of Privatization issued statement that the committee examined the matter after 12 investors were pre qualified for the final bidding process.

The meeting of Committee for Privatization and NPPMC was jointly chaired by the Minister for Privatization Muhammad Mian Soomro and Special Assistant to Prime Minister on Petroleum, Nadeem Baber.

Chairman NEPRA,CEO, NPPMCL, Federal Secretary Privatization, PC board members, representatives from Power Division, Petroleum Division: PSO, SNGPL,SSGC financial advisors and PC team attended the meeting.

Muhammad Mian Soomro emphasized that we were leaving no stone unturned towards the completion of privatization of these power plants by mid of April this year.

He included that Prime Minister was notified routinely with that impact, and the legislature was in contact with concerned Ministries/Divisions to examine the issues and their resolution so that the subject transaction could be completed within stipulated time in an organized manner.

Chairman NEPRA detailed a significant progress in relation to matters within his domain.

SAPM on Petroleum Nadeem Baber said that Ministry of Energy and Petroleum had been completely cooperating and will be persistent in its support to resolve relevant matters in order to assist the procedure.

In addition he told in the meeting that with the introduction of Virtual Data Room (VDR), in NPPMCL the vast majority of the data for the potential financial specialists had been transferred after confirmation by NPPMCL group.

He informed “we were moving closer towards privatization of these RLNG power plants, and all the stakeholders were committed to proceed in line with the decision of Cabinet Committee on Privatization (CCOP) and directions of Prime Minister.”

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