PC OFFERS 51% TO 74% INTEREST IN
KESC WITH MANAGEMENT CONTROL
Islamabad, March 27, 2002
Privatisation Commission has invited qualified investors or consortia of
strategic/financial investors interested in acquiring a 51% to 74% interest
in Karachi Electric Supply Corporation (KESC) and assuming management control,
to submit their Expression of Interest (EOI) along with a brief profile of the
potential investors.
KESC is the vertically integrated electric utility supplying power to the city
of Karachi, Pakistan's largest industrial and commercial center. In addition,
it supplies the industrial part of Thatta and the Lasbella district. In total
the KESC franchise area covers approximately 6,000 square kilometers, with a
population in excess of 12 million.
Through privatisation, GOP intends to substantially improve the reliability of
electricity supply and customer service and to encourage private sector
investment in the sector.
Parties with relevant credentials who submit an EOI will be dispatched a
Request for Statement of Qualification (RSOQ) starting on April 18, 2002. Early
submission of EOI will allow parties maximum time for completion of their RSOQ
requirements. The last date to turn in the Statement of Qualifications is May
31, 2002.
