PC invites EoI for privatising NPCC shares

ISLAMABAD (APP) - The Privatisation Commission (PC) has invited an expression of interest (EoI) from prospective investors with demonstrable ability to acquire and efficiently manage the National Power Construction Corporation (NPCC) through the acquisition of minimum 88 per cent shares holding in NPCC currently owned by the Government of Pakistan. A statement issued by PC here on Tuesday said that the successful bidder will be required to continue to operate the company as a going concern while up to 12 per cent shares are allocated for employees of NPCC through the BESOS. The PC asked the interested parties to submit EOI on Sept 17, along with a non-refundable processing fee of US$ 5,000 or Rs. 425,000 along with details, including name of company or group submitting the EOI, place and date of registration, its background information, details of ownership or group structure, copies of computerized national identity card or passport numbers of the directors, partners, name, address, telephone, mobile, fax and email of the authorized focal person. The parties who have previously submitted an EOI and subsequent statement of qualification (SO) must apply afresh. The parties, which submit an EOI will be, dispatched a request for statement of qualification. An early submission of EOI will allow parties maximum time for completion of their SOQ that must be submitted to PC not later than 1700 hours on October 1.

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