The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex (HEC).
The interested parties have been asked to furnish their EoIs not later than October 1, 2011. Parties submitting an EoI will only be dispatched a Request of Statement of Qualification (RSOQ) document, which shall form the basis of pre-qualification.
An early submission of EoI will allow the interested parties maximum time for completion of their Statement of Qualification (SOQ) document, which must be submitted to the PC not later than October 15, 2011. The parties who are interested in the HEC transaction must apply fresh, except the parties who have submitted an EoI and subsequent SOQ in response of PC advertisement dated May 05, 12, & 21, 2011.
The HEC is one of the industrial units of State Engineering Corporation which is engaged in the manufacturing of power transformers of different types (total annual capacity 3000 MVA) with primary voltage rating of 66 and 132 KV. In addition, the HEC undertakes repairs and refurbishment of old and damaged power transformers up to 500 KV. HEC was incorporated as a private limited company in year 1991 and commenced commercial operations in year 1997. HEC is located in Hattar Industrial Estate, about 65 km from the country's capital, Islamabad.