The Privatisation Commission's Board has approved the transaction of two RLNG power plants on fast track basis and advertisement for financial advisor (FA) will be given in the next week.
The PC Board discussed feasibility for fast track privatisation of two RLNG power plants - 1233MW Balloki Power Plant and 1230MW Haveli Bahadur Power Plant.
The National Electric Power Regulatory Authority (NEPRA) granted RLNG tariff at Rs 6.4284 per unit for 1,223MW Balloki Power Plant and Rs 6.4202 per unit for 1,230 MW plant of Haveli Bahadur Shah. The approved tariff for HSD-based generation is Rs 10.0928 per unit for Balloki and Rs 10.0829 per unit for Haveli Bahadur Shah.
The meeting of the PC Board headed by Minister for Privatisation Muhammad Mian Soomro reviewed the existing regulations of the Privatisation Commission. The Board stressed that the time limit of each transaction in future will be reduced and transparency should further be ensured.
The Board further directed to initiate the process for hiring of FAs for other public sector entities (PSEs) in the active privatisation programme as approved by the cabinet.
The Board also constituted a special committee to look into the receivable of SME Bank since 1992. The special committee was directed to submit it report within one month with recommendation as to how to recover performing and non-performing outstanding dues.
Comments
Comments are closed.