ISLAMABAD, Feb 14: Privatization Commission (PC) on Friday offered its 51 per cent interest in Jamshoro Power Company (JPC) including the transfer of management control to qualified strategic investors.

According to a PC announcement, formal Expressions of Interest (EOIs) in this regard have been invited and the interested parties asked to furnish their EOIs along with their brief profile. Parties with relevant credential who submit an EOI will be dispatched a preliminary Information Memorandum containing more detailed information on JPC and a Request for Statement of Qualification (RSOQ) starting on February 25, 2003.

The early submission of EOIs will allow parties maximum time for completion of their RSOQ requirements. RSOQs must be submitted to PC latest by April 21, 2003. PC reserves the right to reject or accept any EOI-RSOQ.

Jamshoro Power Company Limited holds the properties, right, assets and liabilities of two power stations i.e. Jamshoro, an 880 mw gas and furnace-oil-fired power plant and Kotri, a 174 mw gas-fired power plant. The assets are strategically positioned in the Pakistan Grid. The Jamshoro facilities are located 18 km from Hyderabad and 165 km North East of Karachi, while the Kotri facilities are within the environment of Hyderabad.

PricewaterhouseCoopers (PwC) is the Financial Adviser for this transaction.