PC invites EOI for sale of controlling interest in NPCC

ISLAMABAD—The Privatisation Commission has invited Expression of Interest from qualified strategic investors with experience in handling large power projects on turnkey basis or consortia preferably in partnership with financially sound Pakistani companies interested in acquiring 51 % interest in National Power Construction Corporation (NPCC) including the management control.
NPCC is a leading Power Projects Construction Company of Pakistan with major operation in Middle East/ Saudi Arabia. The interested parties have been asked to send their EOIs alongwith brief company profile and the required non-refundable fee of Rs.50,000/= not later than October 27, 2005. The parties with relevant credentials who submit an EOI will be dispatched a Request for Statement of Qualification (RSOQ) starting on October 20, 2005. The early submission of EOIs will allow parties maximum time for completion of their RSOQ requirements. Last date to receive these RSOQs is November 15, 2005.
A preliminary information memorandum containing more detailed information on NPCC is avialble form PC and will be provided upon request free of charge.—Online