ISLAMABAD, March 1: Privatization and Investment Minister Dr Abdul Hafeez Shaikh has said the pace of privatization in electricity sector will get momentum after the sell-off of the KESC.

He was addressing a pre-bid meeting for the privatization of Jamshoro Power Company held in Karachi, says a press release issued here on Wednesday. The meeting was informed that six pre-qualified parties had completed the due-diligence of the JPC. The parties include Al-Abbas Power Generation Limited; Engro Chemicals Pakistan Limited; National Power Generation & Supply Company Limited; China National Machinery & Equipment Import & Export Corporation; Metro Securities (Pvt) Ltd; and United Bank Limited/Siemens/GAZ Power.

Four parties attended the pre-bid moot and were informed that the bidding for JPC would be held in June this year.

The moot deliberated upon the process and responded to the queries of the prospective bidders. Privatization Commission Secretary M. Tahsin Khan Iqbal, PC Board Member Mahmood Shah, representatives of Nepra and other stakeholders were also present during the meeting.

Jamshoro Power Company located in Sindh Province of Pakistan was established as a result of the unbundling of Wapda.—APP