March 22, 2006	Wednesday	Safar 21, 1427

ISLAMABAD, March 21: The Privatization Commission has received 10 Statements of Qualification (SoQs) from qualified strategic investors for acquiring 51 per cent interest in National Power Construction Corporation (NPCC) including management control.

According to a press release the investors with experience in handling large power projects on turnkey basis or consortia preferably in partnership with financially sound Pakistani companies interested in the transaction were asked to submit their interest and SoQs latest by March 20, 2006.

The companies which have submitted SoQs include: Consortium of Energy Saving Solution Inc, Pakistan; ICC (Pvt) Limited, Pakistan; Consortium of K.A. Juffali Company (Saudi Arabia and Habib Oil Mills Limited Pakistan; Mansoor Al Mosaid Co. Saudi Arabia; Consortium of Nazir and Company Limited, Pakistan; Consortium of Pak Elektron Limited (Pakistan) and Burhan Oil Services Co. KSCC (Kuwait); Consortium of Paragon City (Pvt) Ltd, Pakistan; Sachal Engineering Works Ltd, Pakistan; Saudi Economic and Development Co. Ltd, Saudi Arabia; and Consortium of Technical Associates Pakistan (Pvt) Ltd, SKB Pakistan and Individual Investors.

On the basis of the information provided through SoQ, the parties would be pre-qualified for entry in the data room for due-diligence targeted for April 30, 2006, which would be followed by bidding to complete the transaction.