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Islamabad, February 14, 2003
Privatisation Commission has offered a 51 % interest in Jamshoro Power Company
(JPC) including the transfer of management control to qualified strategic
investors or consortia of strategic/ financial investors. Formal Expression of
Interest (EOI) in this regard have been invited.
Interested parties have been asked to furnish their EOI along with their brief
profile. Parties with relevant credential who submit an EOI will be dispatched
a preliminary Information Memorandum containing more details detailed
information memorandum 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 Advisor for this transaction.