ISLAMABAD, Oct 18: The Privatization Commission has invited expressions of interest (EoIs) 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 per cent stake in the National Power Construction Corporation (NPCC), including the management control.

The NPCC is a leading power projects construction company of Pakistan with major operation in the Middle East/Saudi Arabia.

The parties have been asked to send their EoIs along with brief company profile and a required non-refundable fee of Rs50,000 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) stating on October 20, 2005. The early submission of EoIs will allow parties maximum time for the completion of their RSOQ requirements. Last date to receive these RSOQs is November 15, 2005.

A preliminary information memorandum containing more detailed information on the NPCC is available form the Privatization Commission and will be provided upon request free of charge.

The NPCC, 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.

Its major area of operation during the last three decades had been in the Middle East with concentration in Saudi Arabia. The NPCC has successfully secured and completed projects valuing $600 million.