PC extends date for receiving EOI & SOQ for NPCC
By Ali Imran

ISLAMABAD—Due to the increasing interest of parties to participate in privatisation process for acquisition of controlling interest or joint venture of the National Power Construction Corporation (Pvt) Limited (NPCC) transaction, a Leading Power Projects Construction Company of Pakistan with Major Operation in Middle East/Saudi Arabia, the Privatisation Commission (PC) has extended the date for submission of EOI and SOQ up to September 30, 2007.
Earlier, the last date for EOI & SOQ was August 30, 2007. The Privatisation Commission (PC) has invited Expressions of Interest (EOI) from financially sound local and foreign investors with management capability, contracting experience as well as experience of electrical wire installation interested in either acquiring 51% interest in NPCC along with management control or a Joint Venture with the Government.
Interested parties have been asked to furnish their EOI along with a brief company(s) profile and a non-refundable processing fee of Rs 50,000 payable in the form of a bank draft later than 30th September 2007. National Power Construction Corporation (Pvt) Limited (NPCC) is a specialist contracting company of Pakistan for construction and management of turnkey power projects including extra high voltage transmission lines, distribution networks, substations, power generation plants, industrial electrification, external lighting of housing complexes etc. NPCC’s major area of operation during the last three decades had been in the Middle East with concentration in Saudi Arabia. NPCC has successfully secured and completed projects valuing over US$ 600 million.
Parties with relevant credentials who submit an EOI will be dispatched a Request for Statement of Qualifications (SOQ). The early submission of EOIs will allow parties maximum time for completion of their SOQ requirements. SOQ must be submitted to the PC no later than 1500 Hours on 30th September 2007. The PC reserves the right to reject or accept any EOI from any person. An EOI shall not be construed as an offer. A preliminary information memorandum containing more detailed information on NPCC is available on website as well as from PC and will be provided upon request free of charge.