ISLAMABAD, Feb 25: The Privatization Commission has invited expressions of interest (EoIs) for the privatization of Kohinoor Oil Mills Limited (KOML) through the sale of up to 51 per cent shares on "as is where is" basis latest by March 15.

The liabilities owed to the government up to the date of transfer will not be passed on to the successful buyer. The investors who have already submitted their EoIs in response to the earlier invitation in August 2003 need not apply afresh.

The mills' Vegetable Ghee Plant has a capacity to produce 27,200 tons of ghee, while Solvent Extraction Plant (SEP) has annual rated capacity of 33,000 tons.

Unlike other ghee mills, this unit also has seed handling/crushing equipment as well as SEP. The plant was closed down in 1995, while ghee manufacturing was stopped in 1997.

Bidding documents along with the information memorandum will be provided to prospective bidders from March 16, who will submit the EoI by due date. A pre-bid conference will be held on March 24 at the Privatization Commission, Islamabad. Date of bidding will be decided in the pre-bid meeting.