ISLAMABAD – Leading Japanese Company to make billions of dollars ofinvestment in Pakistan.
A delegation from Mitsui & Co. (Asia Pacific) Ltd. Japan, led by GM HisatoNakayama (Energy department), called on Federal Minister/ChairmanPrivatization Mohammed Mian Soomro in Islamabad.
Ministry of Privatization has prequalified 12 companies for theprivatization of two RLNG based power plants located at Haveli Bahadarshaand Balloki. The delegation was briefed about the power plants, theirstatus, and current efficiency.
Mitsui & Co., Ltd. is one of the largest general trading companies inJapan. It is a part of the Mitsui Group, and its business area coversenergy, machinery, chemicals, food, textile, logistics, finance, and more.It is a renowned power company that is internationally recognized forinnovation and sustainability.
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On a question, the delegation was briefed by the Federal Minister that aone-window facility exists for all independent power producers in thecountry and the same will continue post-privatization, the foreigninvestors are assisted and will be assisted in matters including dividends,taxation, and other related subjects. Moreover, all the informationincluding bidding guidelines is also available in the virtual data room ofNPPMCL.
GM Mitsui and Co Asia Pacific, Hisato Nakayama, said that their company hasstarted due diligence and is quite eager to participate in the process offinal bidding of these two power plants.
