Press Release
PRE-QUALIFIED PARTIES SIGN NON-DISCLOSURE CONFIDENTIALITY AGREEMENT FOR NPCC
Islamabad, February 28, 2012
Five parties, which met the eligibility criteria laid down in Request for Statement of Qualification (RSoQ) and participation in the bidding process for National Power Construction Company (NPCC) have signed the Non-disclosure Confidentiality Agreement and will start due-diligence of the Transaction in March 2012. The Board of Privatisation Commission (PC) was informed here today during a meeting chaired by Mr. Ghous Bux Khan Mahar along with Rana Asif Tauseef Minister of State for Privatisation.
The companies pre-qualified for NPCC privatisation include Saudi Cable Company, KSA, Mansour Al Mosaid Co., KSA, GS Engineering & Construction Corp. Korea, Consortium of Fatima Trading Company (Pvt.) Ltd., Fatima Sugar & Pakarab Fertilizers, Pakistan and Durat Al Masana Est. for Trade, KSA. These companies will start due-diligence of NPCC in March 2012 in the Data Room, established for the purpose. NPCC is currently rated amongst top contractors, is a specialist contracting outfit for turnkey management of Power Projects i.e. Extra High Voltage Transmission Lines, Distribution Networks, Substations, Power Generation Plants, Industrial Electrification, External Lighting of Housing Complexes etc.
Discussing the launch of Secondary Public Offering (SPO) of Pakistan Petroleum Limited (PPL), the PC Board was informed that the Marketing and Book Building process would be initiated after the finalization of Transaction Structure by PC Board and the Cabinet Committee on Privatisation meetings.
The PC Board adopted Audited Accounts of the Privatisation Commission for the year ended June 30, 2011. Earlier, the Secretary PC Mr. Amjad Ali Khan presented the minutes of the previous meeting and the implementation status of the decisions taken.
The PC Board members; representatives of respective Ministries/ Departments and senior officials/ Transaction Mangers of PC attended the meeting.
TAHIR PARWAZ
Director Media
Privatisation Commission
Government of Pakistan, 5-A, EAC Building
Constitution Avenue, Islamabad,PAKISTAN
off- 92 51 920 5146 Ext: 253 fax- 92 51 921 1692 or 92 51 920 3076 email: parwaz_pk@yahoo.com
Director Media
Privatisation Commission
Government of Pakistan, 5-A, EAC Building
Constitution Avenue, Islamabad,PAKISTAN
off- 92 51 920 5146 Ext: 253 fax- 92 51 921 1692 or 92 51 920 3076 email: parwaz_pk@yahoo.com
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5) Do not send messages aimed at personal publicity.
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Please note that,
It is a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum; everyone is allowed to share anything. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. (Nor can print and electronic media). If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
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