Thai Global Power Synergy Public Company delegation meets Soomro

Updated February 11, 2020

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Discussions held on Thailand's intention to acquire stakes in Pakistan's two R-LNG based power plants.  — Dawn/File
Discussions held on Thailand's intention to acquire stakes in Pakistan's two R-LNG based power plants. — Dawn/File

ISLAMABAD: The Thai Global Power Synergy Public Company (GPSC), which is among the twelve pre-qualified companies for acquiring a stake in two R-LNG based power plants in Pakistan, discussed issues relating to its intention for acquisition with Privatisation Minister Muhammad Mian Soomro here on Monday.

GPSC CEO Chawalit Tippanich, who led the delegation, sought information about the future prospects of energy sector in Pakistan besides tax-related issues and dividends and was accordingly briefed on the policy framework.

He expressed his keenness to secure investment opportunities in Pakistan after being briefed by Soomro on the present government’s policy of attracting foreign investors.

The Ministry of Privatisation has pre-qualified twelve companies for the sale of two RLNG-based combined cycle H9 technology power plants located at Haveli Bahadur Shah in Jhang and Balloki in Kasur. The former achieved commercial operations in May 2018 with a gross installed capacity of 1230MW while the latter did so in July 2018 with 1223MW.

The GPSC is a flagship that operates the power generation business to support growth of the group as well as other industries. It is also involved in other areas while seeking opportunities for investment in power projects, both domestic and overseas. The company is also determined to develop technologies for improving energy storage in an attempt to become a leading power player that is internationally recognised.

Published in Dawn, February 11th, 2020