*ISLAMABAD: *The federal government is expecting to receive $2 billionthrough the privatisation of the 1,230MW Haveli Bahadur Power Plant and the1,223MW Balloki Power Plant.
Briefing the National Assembly Standing Committee on Privatisation onThursday, Privatisation Secretary Rizwan Malik said that 90 per cent ofthis amount would be used for debt payment. The remaining 10 per cent wouldbe utilised for poverty alleviation.
He further said the Cabinet Committee on Privatisation had directedimmediately initiating the process of privatisation of the two power plants.
The standing committee met at the Parliament House with MNA Syed MustafaMuhmud in the chair.
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Mailk informed the participants of the meeting that the commission hasformed a committee, which will evaluate the expressions of interest andtechnical and financial proposals submitted by interested parties forhiring a financial adviser for the privatisation of the National PowerParks Management Company, which owns the power plants.
