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The Privatisation Commission (PC) has received seven (7) Expressions of
Interests (EOIs) from prospective investors, companies or consortia for
rehabilitation, operation and maintenance of power generation facilities for
concession on “lease basis” of the facilities and assets of JAMSHORO POWER
COMPANY LIMITED (JPCL) for a period of 15 years. The prospective investors are
required to rehabilitate the generation facilities to their ‘name-plate-rated’
capacity.
PC had invited Expressions of Interests (EOI) from Companies and consortia
having demonstrable experience for rehabilitation, management, operation and
maintenance of Thermal Power Station (TPS) at Jamshoro & Kotri of the JPCL on
lease basis.
The seven- (7) parties/ consortia are with the companies from Kuwait, Korea,
Europe, USA, China and Pakistan have submitted their EOIs along with the
non-refundable processing fee ofUS$ 5,000/- equivalent to Pak Rupees
400,000/-. These parties’ consortia include:
1. ENGRO POWERGEN (Pvt.) Ltd., Karachi, Pakistan, 2. Noor Financial
Investment, Kuwait, 3. Pak Elektron Limited (PEL), Lahore, Pakistan, 4.
Consortium of (i) Korea East – West Power Co. Ltd. (EWP) (ii) LG International
Corp. (LGI), Korea, 5. Consortium of (i) Sapphire Group, (ii) O & M Solution
(OMS), Lahore, Pakistan, 6. Consortium of (i) New Park Energy Limited (NPEL),
(ii) PILZEN Tools (previously SKODA Tools), Europe, (iii) Phoenix Zeppelin
Caterpillar, Europe and 7. Consortium of (i) Pakistan Power Resources LLC,
Lahore, Pakistan, (ii) Walters Power International (WPI), Oklahoma city USA,
(iii) China National Machinery & Equipment Import & Export Corporation (CMEC),
China, (iv) Korea Plant Services & Engineering Co. Ltd. (KPS), Korea.
These parties will be provided Preliminary Information Memorandum (PIM) and
Request for Statement of Qualification (RSOQ) for determining their
pre-qualification to proceed further. The RSOQ will, inter-alia, include
details on eligibility criteria and bases of disqualification. The
Privatisation Commission will provide updated information relating to terms
and conditions of the ‘lease’ to all investors qualified in terms of the
Privatisation Commission’s RSOQ, prior to the bid date. Facilities of JPCL
shall not be used for any other purposes other than power generation and the
investor shall ensure the continuity of power supply to the national grid.
JPCL is a company of Pakistan Electric Power Company Limited (PEPCO) under the
administrative control of Ministry of Water & Power. Jamshoro Power Company
Limited (JPCL) operates two electricity generation facilities. Jamshoro is a
880 MW gas & furnace oil fired power plant comprising of four units located at
165 KM north east of Karachi and 18 KM from Hyderabad. The Kotri facilities
comprising seven units has 174 MW capacity are gas fired and are in the
vicinity of Hyderabad. The company has sales of about Rs.22 billion and has
total assets of Rs.17.8 billion.