The Privatisation Commission has received seven fresh expressions of interest (EOIs) for privatisation of National Power Construction Corporation (Pvt) Limited (NPCC).
These include Arabian Construction Co Pakistan (Pvt) Limited; Gulf Consortium, a joint venture of Aljomaih Group (Saudi Arabia), Central China Power Group and ELBA International & Associates (Pakistan); JS PE Management Limited (Pakistan); Noor Financial Investment; Saudi Cable Company Marketing (Saudi Arabia), Sinotec (China) and Al Tuwairqi Group (Saudi Arabia).
Five parties have also submitted statements of qualification (SoQ). These include Arabian Construction Co Pakistan (Pvt) Limited, Gulf Consortium a joint venture of Aljomaih Group(Saudi Arabia), Central China Power Group and ELBA International & Associates (Pakistan); JS Private Equity Fund I LLC (JSPE or Fund); Saudi Cable Company Marketing (Saudi Arabia); and Al Tuwairqi Group (Saudi Arabia).
In addition to these, fresh EOIs and SOQs from three of the four potential bidders, which were pre-qualified earlier as a result of previous invitation, have reaffirmed their interest for bidding. These include ICC (Pvt) Limited, Pakistan; Sachal Engineering Works (Pvt) Limited, Pakistan; and Pak Elektron (Pvt) Limited, Pakistan.
The Privatisation Commission (PC) Board has constituted a six-member committee for pre-qualification of the parties for the transaction. The committee is headed by Iftikhar ul Haq, Member, PC Board, with Mahmood Nawaz Shah, Member PC Board and senior representative of Ministry of Water and Power, Finance Division, Planning & Development Division and Privatisation Commission.