ISLAMABAD, April 6: The Privatization Commission (PC) has received ten Statements of Qualification (SoQ) from strategic investors or their consortia interested in acquiring 56 per cent interest in Faisalabad Electric Supply Company (FESCO) including the management control. This is in addition to the three already pre-qualified parties who have reaffirmed their interest in the transaction.

FESCO is first and one of the best distribution company being offered for privatization. The PC invited fresh EoIs on February 22, 2006.

The fresh SoQs have been received from: 1) Consortium of Noor Financial Investment Company (Kuwait) and National Industries Group (Holding) Kuwait; 2) Sapphire Group (Pakistan) comprising Sapphire Fibres Limited, Sapphire Textile Mills Limited, and Diamond Fabrics Limited; 3) Consortium of Azgard-9 Limited, and Jahangir Siddiqui and Company Limited (Pakistan); 4) Consortium of Pak Elektron Limited (Pakistan), Burhan Oils Services (Kuwait), and AKD Securities (Pakistan; 5) Consortium of Orient Power Company Limited, National Logistic Cell, and Pak Oman Investment Company Limited (Pakistan); 6) Consortium of Crescent Power Tek Limited; and 7) Nishat Group.

The three already pre-qualified parties, which have reaffirmed their interest in the transaction include, 1) Consortium of Rupafil Limited, Spintex Limited, and Rupali Nayln (Pvt) Limited; 2) National Power Generation and Supply Company (Pakistan), and 3) Consortium of UBL and AES.