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Pre-Qualified Parties Sign Non-Disclosure Confidentiality Agreement for National Power Construction Company

Islamabad: Five parties, which met the eligibility criteria laid down in Request for Statement of Qualification (RSoQ) and participation in the bidding process for National Power Construction Company (NPCC) have signed the Non-disclosure Confidentiality Agreement and will start due-diligence of the Transaction in March 2012. The Board of Privatisation Commission (PC) was informed here today during a meeting chaired by Mr. Ghous Bux Khan Mahar along with Rana Asif Tauseef Minister of State for Privatisation.

The companies pre-qualified for NPCC privatisation include Saudi Cable Company, KSA, Mansoor Al Mosaid Co., KSA, GS Engineering and Construction Corp. Korea, Consortium of Fatima Trading Company (Pvt.) Ltd., Fatima Sugar and Pakarab Fertilizers, Pakistan and Durat Al Masana Est. for Trade, KSA.

These companies will start due-diligence of NPCC in March 2012 in the Data Room, established for the purpose. NPCC is currently rated amongst top contractors, is a specialist contracting outfit for turnkey management of Power Projects i.e. Extra High Voltage Transmission Lines, Distribution Networks, Substations, Power Generation Plants, Industrial Electrification, External Lighting of Housing Complexes etc.

Discussing the launch of Secondary Public Offering (SPO) of Pakistan Petroleum Limited (PPL), the PC Board was informed that the Marketing and Book Building process would be initiated after the finalization of Transaction Structure by PC Board and the Cabinet Committee on Privatisation meetings.

The PC Board adopted Audited Accounts of the Privatisation Commission for the year ended June 30, 2011. Earlier, the Secretary PC Mr. Amjad Ali Khan presented the minutes of the previous meeting and the implementation status of the decisions taken.

The PC Board members; representatives of respective Ministries/ Departments and senior officials/ Transaction Mangers of PC attended the meeting.

For more information, contact:
Privatisation Commission
5-A EAC Building Constitution Avenue, Islamabad- Pakistan
Tel: +9251 920 5146 -47
Fax: +9251 920 3076
Email: info@privatisation.gov.pk

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