The Privatisation Commission (PC) has invited potential investors to submit their Expressions of Interest (EoIs) by September 17, 2011 to acquire and efficiently manage the National Power Construction Corporation (NPCC) through the acquisition of minimum 88 percent shareholding in NPCC, currently owned by Pakistan government.
According to details, parties who have previously submitted an EoI and subsequent statement of qualification have been asked to apply afresh. The PC has suggested that early submission of the EoI would allow the parties maximum time for completion of their SOQ, which must be submitted to the PC by October 1. The successful bidder will be required to continue to operate the company as a going concern. Up to 12 percent of the shares are allocated for employees of NPCC through the Benazir Employee Stock Option Scheme.
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