LAHORE, Aug 24: The Privatization Commission has invited qualified strategic investors, consortia of strategic/ financial investors interested in acquiring 51 per cent stake in Jamshoro Power Company (JPC)
, including the management control, to submit their expressions of interest (EoIs) latest by November 30 this year.
According to the Privatization Commission spokesman, parties with relevant credentials submitting the EoIs will be dispatched a request for statement of qualification (RSOQ) from September 15.
Parties, which have already submitted the EoIs and have been pre-qualified, need not apply afresh. However, the new entrants have been asked to furnish their EoIs along with brief profile of the potential investor with non-refundable processing fee.
A preliminary information memorandum containing more detailed information on JPC is available from the Privatization Commission and will be provided free of charge on request.
Jamshoro Power Company holds properties, rights, assets and liabilities of two power stations, Jamshoro, an 880 mw gas and furnace oil-fired power plant and Kotri, a 174 mw gas-fired power plant.
The assets are strategically positioned in Pakistan Grid. The Jamshoro facilities are located 18 km from Hyderabad and 165 km northeast of Karachi, while Kotri facilities are located within the environment of Hyderabad. -APP
