ISLAMABAD – The 8th meeting of Transaction Committee for Privatization andNational Power Parks Management Company Limited (NPPMCL) on Monday held todiscuss the progress in relation to a range of matters in connection withproposed privatization of two power plants, Haveli Bahadarshah and Balloki.
The committee discussed the matter after 12 investors were prequalified forthe final bidding process, said a press release issued by Ministry ofPrivatization here.
The meeting of Committee for Privatization and NPPMC was jointly chaired bythe Minister for Privatization Muhammadmian Soomro and Special Assistant toPrime Minister on Petroleum, Nadeem Baber.
Chairman NEPRA,CEO, NPPMCL, Federal Secretary Privatization, PC boardmembers, representatives from Power Division, Petroleum Division: PSO,SNGPL,SSGC financial advisors and PC team attended the meeting.
Soomro emphasized that we were leaving no stone unturned towards thecompletion of privatization of these power plants by mid of April this year.
He added that Prime Minister was apprised regularly to that effect, and thegovernment was in liaison with concerned Ministries/ Divisions to discussthe issues and their resolution so that the subject transaction could becompleted within stipulated time in an organized manner.
Read Top Stories
Chairman NEPRA reported a significant progress in relation to matterswithin his purviewSAPM on Petroleum Nadeem Baber said that Ministry of Energy and Petroleumhad been fully cooperating and will be persistent in its support to resolverelevant matters in order to expedite the process.
Moreover, it was told in the meeting that with the inauguration of VirtualData Room (VDR), in National Power Parks Management Company Limited(NPPMCL) most of the information for the potential investors had beenuploaded after verification by NPPMCL team.
He said, “We were moving closer towards privatization of these RLNG powerplants, and all the stakeholders were committed to proceed in line with thedecision of Cabinet Committee on Privatization (CCOP) and directions ofPrime Minister.”
