RLNG plants' sell-off to be completed by mid of April: Soomro

The 8th meeting of the Transaction Committee for Privatisation of National Power Parks Management Company Limited (NPPMCL) was jointly chaired by the Minister for Privatisation/Chairman, Privatisation Commission (PC) and Special Assistant to Prime Minister on Petroleum, Nadeem Baber on Monday.

Chairman National Electric Power Regulatory Authority (NEPRA), Chief Executive Officer NPPMCL, Secretary Privatization, PC board members, representatives from Power Division, Petroleum Division: Pakistan State Oil (PSO), Sui Northern Gas Pipeline Limited (SNGPL), Sui Southern Gas Company Limited (SSGC), financial advisors, and the PC team attended the meeting.

The committee discussed in detail the progress in relation to a range of matters in connection with proposed privatization of two RLNG power plants: Haveli Bahadarshah and Balloki, after 12 investors were pre-qualified for the final bidding process.

Minister Mohammedmian Soomro assured in the meeting that the PC would complete privatization of these power plants by mid of April 2020. Chairman NEPRA reported significant progress in relation to matters within his purview.

The Special Assistant to the Prime Minister (SAPM) on Petroleum, Nadeem, said that 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.

Moreover, it was told in the meeting that with the inauguration of Virtual Data Room (VDR), in NPPMCL most of the information for the potential investors has been uploaded after verification by NPPMCL team.

Mohammedmian Soomro said that we are moving closer towards privatization of these RLNG power plants, and all the stakeholders are committed to proceed in line with the decision of Cabinet Committee on Privatization (CCOP) and directions of the prime minister.