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Islamabad, May 31, 2002
At the request of potential investors, the dead line for submission of
Statement of Qualifications (SOQs) has been extended from May 31, 2002 to June
24, 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 6000 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.