Federal Minister and Privatization Commission Chairman Muhammad Mian Soomro said that they were moving towards the privatization of Balloki and Bahadur shah power plants located in the Punjab province by April this year.
The 8th meeting of the Transaction Committee for Privatization of National Power Parks Management Company Limited (NPPMCL) was jointly chaired by the Minister for Privatization/Chairman, Privatization Commission (PC) and Special Assistant to Prime Minister on Petroleum, Nadeem Baber
The chairman announced that initially the 1223 MW Balloki power plant in Chunian and a RLNG-based Bahadur Shah power plant in Haveli area would be privatized.
“The prime minister is apprised of the developments made regarding the privatization of the two plants,” he said.
The federal minister said that it was their top priority to complete the privatization process by adopting fair procedures.
It is pertinent to mention here that the International Monetary Fund (IMF) delegation visiting Pakistan on Friday returned after a successful economic review of the country aimed at releasing the third tranche of the US$6 billion.
The talks between the two sides emphasized on expediting the privatization process.
Chairman NEPRA reported significant progress in matters within his purview.
The Special Assistant to the Prime Minister (SAPM) on Petroleum, Nadeem, said that the Ministry of Energy and Petroleum had been fully cooperating and would be persistent in its support to resolve relevant matters in order to expedite the process.
The inauguration of Virtual Data Room (VDR), in NPPMCL most of the information for the potential investors has been uploaded after verification by the NPPMCL team.
